How To Invest around 60k?

[Aj23]

A member of my family is looking to take their money out from standardlife and invest it themselves as they are hardly getting any intrest on their money. The amount is about 65k. It will be invested for 5yr minimum but more likely around 10 yrs and possibly up to 20 yrs if the return is good enough. Any suggestions?

[BillyParadise]

A suggestion....

http://www.efficientmarket.ca/article/Global_ETF_2

[Aj23]

Thanks, any other help?

[DanielCarrera]

Thanks, any other help?

Depends on how much they know about investing already and how much risk they are willing to take. Investments that return more are also riskier and they need to understand how to manage that risk and what to expect.

[Aj23]

this would be their first time investing so I would assume a low-mid risk fund but also something that would give a good return. Maybe a few high risk funds with a small amount of money?

[Aj23]

sorry for bumping this but come on, over 300 views and 2 posts not including mine?

[640m]

Berkshire Hathaway, Class B shares. Think of it as kind of like a mutual fund without the MERs. Warren still has a few years left before he kicks the bucket.

[asdfvcx]

This question is basically impossible with the amount of info being provided.

You're assuming (but aren't sure) they want low-mid risk, but a good return. You need to clarify with them what they really want. And if your assumption is correct, then explain exactly what low-mid risk means and what a good return means. (Seriously, who doesn't want a good return.)

And the investment if for 5 years min, but probably 10 and maybe 20 if the return is good? So, if the return isn't good, are they going to spend the money after 10 years?


It doesn't sound like you or the relative know enough to be investing on their own. So, one of you two need to improve your investment knowledge really quickly, or you need to find an advisor you trust. I don't think anyone here can offer more than that.

[questrader]

Grab a staple and post an ad on lamp posts around your neighborhood asking for stock market gurus to direct your capital. If you make money, give them a % of profit. It's not uncommon to see profits of 30%, or upward, if given the proper direction by a true guru of the stock market.

[Odysseus_Maximus]

casino...

[itsyours]

Lend it to me. 10% annual rate. I wish I can have a million. I know how to invest with 50%- 100% return in a year.

[kasm]

Moneysense.ca has a couch potato guide to investing. Basically ETF's that have a mix for diversification.

http://www.canadianbusiness.com/my_money/investing/article.jsp?content=20060405_152254_1452


or you could go to http://www.phn.com and open an investment account with them. Low management fees!

[Aj23]

Moneysense.ca has a couch potato guide to investing. Basically ETF's that have a mix for diversification.

http://www.canadianbusiness.com/my_money/investing/article.jsp?content=20060405_152254_1452


or you could go to http://www.phn.com and open an investment account with them. Low management fees!

Would this be any good? Just found out that they want to invest this rrsp money so for sure 10 or more years...