
Best way to utilize money received after business purchase?
I am nearing a transaction for the sale of my business and would like to know some good ideas as to how I should invest at least 65% of it in personal investments.
What are some good websites as to how to learn about Roth IRA, stocks, cds, bonds, etc? I would like to invest some of that 65% into stocks, and I’ve heard that you should do at least an hour of research on each stock you purchase per week. Is that a good idea?
Any general finance informational website and/or forum/messageboard link would be great.
I too sold my business and have done well investing the proceeds. One of my favorite sources of information regarding stocks is thestreet.com and all of Jim Cramer’s books. The subscription to “Tomorrow’s News Today” included with my Scottrade account is also very useful.
Peter Lynch’s “Beating the Street” is still relevant and strangely “deja-vu-ish” even though it was published in 1992.
To really learn about and understand the full spectrum of investments available and have a general reference, get a copy of “Investments” by Bodie, Kane, and Marcus, it’s a college textbook and well worth the $75-$100 through amazon.com.
As far as the one hour rule regarding your stocks. Absolutely good advice and listen to the conference calls.
You may want to consider playing the “Beat The Street” game on the street.com to practice with if you’re not familiar with stocks. There’s no risk and if you’re fortunate you might even win some money. I’ve come to believe that buy and hold is for suckers, trading stocks is how money is made in the stock market. This game is a good way to test your skills.
For the conservative part of my portfolio I have a Money Market account with ING. The rate of return has been good, it’s safe, and I still have access to cash if I really need it.
One of the most intriguing areas that I have invested in is a site called Prosper.com which has consistently performed better than any of my other investment categories, except my home in Hawaii. It’s a very cool idea where you can make microloans in increments as little as $50. By spreading your money around you are mitigating losses if a few default.
It’s been my experience that anyone that has offered to manage my money for me has not made me any more and usually has performed worse than I have on my own once their fees have been factored in.
Good Luck!

|
10 Fast and Easy Tips & Tricks That Massively Increase Sales and Profits On Any Website or Blog
$19.95
Discover How You Can massively increase sales and profits on any website or blog with these 10 fast and easy tips, tricks and techniques!(By the way, this is NOT how to get rich quick with no effort.) On this special CD, I explain 10 very specific parts of successful online marketing needed in today’s highly-competitive environment. (In fact, this is exactly what I do with my own 50+ websites, blo…
|

|
Middle Men
$5.50
Middle Men argues pretty convincingly that Internet commerce wouldn’t be possible without porn. Two cocaine-driven would-be pornographers named Wayne (Giovanni Ribisi, Avatar) and Buck (Gabriel Macht, The Spirit) invented the credit card protocol that makes buying over the Internet possible–and then came close to capsizing from their own indulgences and some bad decisions involving Russian mobste…
|

|
Website or Blog: 10 Fast and Easy Tips & Tricks That Massively Increase Sales and Profits…
$37.00
Discover How You Can massively increase sales and profits on any website or blog with these 10 fast and easy tips, tricks and techniques!(By the way, this is NOT how to get rich quick with no effort.) On this special Dvd, I explain 10 very specific parts of successful online marketing needed in today’s highly-competitive environment. (In fact, this is exactly what I do with my own 50+ websites, bl…
|
Mail this post
Technorati Tags: business, business websites for sale, craigslist, online business websites for sale, shopping, web, web2.0
Posted under Business For Sale