qprogeny79 |
08.15.2006 12:12 PM |
it won't get you much in the short term, but you could always consider taking some of that money and investing it. you could start out with small, low-risk, hands-off things like bonds, index funds, and savings accounts, do some research online, and as you get more comfortable with it graduate into equities, then maybe even weirder things like forex markets, options, futures, other derivative securities, etc. (again, depending on your comfort level). i read somewhere that if you invest $30,000 at the age of 25 and realize around a 5% return you'll be a millionaire in about 40 years (i may have the numbers wrong, but the upshot of it is that it's surprisingly easy to make money that way given some sound financial advice).
if i recall, they have a "game" of sorts where you can practice with $100,000 of virtual money under real-time market conditions before you do it with the real thing at http://www.investopedia.com.
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