What to do with $20,000
May 8, 2012 1:40 PM Subscribe
I have $20,000. I want to do something to make this money grow. Ideas?
posted by Atlantic to work & money (24 answers total) 26 users marked this as a favorite
I recently acquired a large settlement from a car accident years ago and I have been wondering how to make it grow. I'm quite young and I feel this is a good opportunity to become more financially successful (along with my career of course)
I've thought about purchasing real estate, however where I live (Edmonton Canada) The housing market is at record highs and it would be a foolish time to invest in a house when the bubble may burst any day now. I will probably do this later...
I need some advice on stock, or investments etc. Since this money was basically just given to me, I'm willing to take some risks in certain investments.
I've done my best to educate myself over the last year since I got the money but I still feel lost about what to invest in.
Suggestions from people who have been successful for investing would be fantastic.