BirdmanMD

yeah, so anyways, family just fell into a GOOD bit of money. Just sold half of our old farm for 804k. 4 kids means the money to my family gets split to 201k.

My parents have been farmers most of their lives and are now truck drivers. We have lived paycheck to paycheck and now finally have a lil bit of luck. Now my parents want to invest the money. Theyve always wanted to invest, but have never had any money left over to do ANYTHING with. being poor ftl. They have to pay off around 15 thousand for my dad's transmission in his truck(went out after over a million miles), and the rest is being invested.

They are still looking to work full time and dont need the bulk of the money, but are just looking to supplement their income. Weve looked at CDs and during the process of selling the farm I have been reading up on low risk mutual funds and the like.

Anyone here invest? had any success with it? I know its a car site, but i figured Doc or JD or someone on here would be able to school my noobish *** and point me in the right direction. thanks guys

ososlohatch

http://www.made-in-china.com/showroo...catalog-1.html

turboDA6

shop around and look into what banks have the highest pay out interst rate. some places provide decent rates and you can make good money when you invest a large amount like that. especially when ur not even gonna touch it and jus let it accumulate. b4 u know it, you'll be able to pull ur 200k back and jus let the freemoney that was generated stay in there and make ur money now. what ever route you go, let me know. i wanna invest too.

BigD

Invest in nano tech, wave of the future

MAJORAHOLE

+1 on that.
cd's are ok these days, a five year is paying that same as a 1 year. so at 5% you get $10k. thats not bad.
longer term is gonna be safer bet, rather than trying to make a quik buck.
lakefront property in always a good investment too, in the long run.
ours went from $150,000 to $400,000 in 12years. although ours had a house on there too, and a bunch of rich *** chicago mother ******* started to build mansions all around our lake. that didn't hurt the value.

BigD

Property is a great long term investment. Find some in a growing area. The two acres beside us were 15k 10 years ago, now they are going for 30k+ for 1/4 acre.

ososlohatch

your best bet is to buy house's remodel them and get your turn, thats what my dad does and he lives in 350,000 dollar house has a new truck, new caddy, a million tools/ saws, just start out with something in the 60k range and try to put a turn on it and then if you got they hang of it start doing bigger deals

BigD

That's what me and Jorsher are about to start doing when our lease runs out. Start low and just progress. Would be nice to be able to quit our jobs after a year or so and do this full time.