How can I make more money with the large amount of money I already have?
Hi,my name is Anne,I did the following:
Question: How can I make more money with the large amount of money I already have?
My specialty is real estate, however, in California the market is WAY to volatile. I already have a large sum of money and I’ve always heard that “it takes money to make money.” Well, I have the money, how do I make it? Real Estate is out for me right now. The stock market is tricky and volatile right now too. I don’t trust handing my money over to someone who cannot show me details about his/her success in the past. I don’t want to bust my butt trying to sell anything. I don’t want to buy your ebook. I don’t want to get involved in some money making scheme that’s been “successful” since 2006. With that said, who has the best ways to do this? Is there a good book on this subject?
The answer in the following:
Answer by Akbar B
Go to Borders or Amazon.com and you will find a ton of investment books.
Answer by torihunter_48
invest! 
Money market, stocks, mutual funds, 401k, etc
Answer by bucky7ie
simple go to vegas play roulette pick black/red but allyour money on and if it wins horaay for you if it loses ive just moved o.k
Answer by David C
open a brothel
Answer by Finance_Diva
Look into buying tax lien certificates. The return rates vary in every state. In GA I believe it like 16%-20%. As long as you do your due diligence correctly, you can’t lose. Either the owner doesn’t pay the lien and you gain a piece of property for the amount you paid for the lien or the owner pays the lien plus the 16-20% interest. All within 12 months. Try it.
Or you cold become a equity partner in some commercial deals. Get close with some commercial brokers of people in the financial world for more info.
Answer by Ethan
There are only 4 ways to make money/increase your net worth. You have already stated that you are not going to invest in CA real estate which I agree is a good move at this time. You have also said the stock market is too “volatile” from which I would say, “When is it not volatile?” For stock market info I recommend the book “You Too Can Be a Stock Market Genius” by Joel Greenblatt. I have had great success with the stock market but I am not out to sell my “secret” to anyone. All the books I have read are available now at the local bookstore.
The other ways are to advance your career or W-2 job (if you have one) or to own or partner in business(es).
You can be someone’s angel investor, including to yourself except it sounds like you are not up for starting a business. You can’t fix this omelet without getting your hands on the eggs and doing all the work that comes with it.
So that is all 4. If someone tells you there is another way they are selling something, but it sounds like you are hip to the modern day schemes of poor-minded people pretending to be wealthy and intelligent.
Essentially, you ask an intelligent question but there is no “easy” solution, but I think you already knew that. Everyone wants to make the quick buck. In fact, people will lie, cheat, and steal if they believe it will make them rich. Americans will sacrifice their values, character, and full integrity if it means they can make a family member happy with wealth and provision. Hence the disgusting websites selling made-up “products” and “secrets they don’t want you to know.”
Few at all are willing to work for it with their bare hands. So instead, people scheme.
Be blessed,
Answer by Justin H
Not an easy solution to this question. What is your investment time horizon? Short, middle, long term, or a combination of these. Short being 2-3 years, middle about 10, and long term being retirement goals. Your overall portfolio should work to satisfy goals for different investment lifetimes. In the end most of us save and invest in order to secure our financial well-being and smooth our consumption over the long run.
There is no single solution. There is no such thing as a risk-free investment that will generate returns above that of US T-Bills (which currently yield +/- 4.5% annually). Risk drives return. The key is understanding the types and sources of risk and managing your risk by being exposed to the right kind and the right amount of risk within your personal risk tolerance. The greatest advantage of having a large amount of money is that you can diversify your portfolio enough to mitigate your risk.
Two great resources for understanding the statistical relationship between risk and return, and the science of investing is www.dfaus.com and www.ifa.com
The best way to accumulate wealth over time is by being in the stock market the right way. “Basic”, “boring” Index investing, by using the “plain” principle of the time value of money and compounding returns is the only proven way to make money investing over the long term.
If you are an accredited investor, and it sounds like you are, I would also consider different private equity/debt investments as healthy additions to your portfolio. There are almost unlimited numbers of private deals that have potential for exceptionally high returns. But they also come with a great amount of risk.
I apologize for not being able to give a single answer. But the reality is that there are too many factors to cover with the kind of consiceness expected in such a forum as this.
There are lots of different ways to make money. It all depends on how much risk we’re willing to take.
Good luck.
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