300K is not much to invest with, but here are 3 pointers from your friendly neighborhood GAY man..Secure a home, if not already present-
If you are going to purchase a home (for yourself), do it within your range. In other words, if 300K is what you absolutely have on hand, buy a home that ranges between 200K-300K.
If you purchase your home for less than 300K (say 200K), you can simply bank the rest of the money away and even use it to pay off property taxes (yearly) and other minor expenses (troubled boiler, bad pipes, house restorations etc.). Remember, by sticking to that range, you will have the opportunity to purchase your home in full, which to many Americans is quite the luxury. The worst place you can find yourself in is having to pay off a mortgage for the next 20-30 years when you have no occupational preordained viability and circumstances can always certainly change. A long-term mortgage with monthly/yearly property taxes coupled with the fact that your circumstances can change are very hard odds to have on your side when looking to partake in that form of gamble. Be smart, be wise, get a roof over your head...If you already own your own home, but want to invest in real estate, do it the right way-
When people say that real estate is the way to go when it comes to investments, they don't necessarily mean that you should go out, purchase a few homes (2-3) with minimal down payments and rent them out to hopefully make a profit once their rent money covers the individual mortgages, leaving you with a few extra hundred dollars per property in your pocket.
That is the poor man's approach to real estate. I say that, because if you are not careful, you can find yourself in a constant struggle with your tenants. They might be unreliable and not pay their rent. They might become vindictive and at the time for them to move could very well destroy your property. Aside from personal disputes, they could also lose their jobs and set you back on your estimated earnings. That and with the wrong tenants (scumbags that know the laws well), they can go bad on their monthly rent payments and then wait until you take them to court to have them evicted, which will then earn them 6-months on the property until they find another living place, especially if kids are involved. Be VERY
careful with this.
Unless you have enough money to purchase say 20-30 homes and then set up your own real estate management company, hiring a professional like Tom Prince to handle all minor issues, stay away from pretending to be a small scale landlord. That can prove to be a nightmare in today's economy.
What's the right way to invest in real estate?
Look into what are known as REIT (Real Estate Investment Trusts). That is how the big boys in Wall Street invest their money into real estate. That is the exception that, most of these big talk gurus that sell hopes and dreams to modern day folks about real estate, don't talk about. Look it up and let me know what you think. If you have questions about that, feel free to ask me.A pretty safe investment is a franchise with a proven track record-
Think of the local food franchises that you have squandered your money away at throughout most of your life. I won't begin to tell you which are the ones you find popular, as these places tend to change a little from state to state. Most people, both willingly and unwillingly, spend a small fortune at these places throughout the years. Little do most people know that the RIGHT
franchise can make you a small fortune if you have any business know-how and understand what it takes to stick to a firm business. Look into that and if you need particular information, feel free to ask.
Those are the tips I offer for now, if you want direct investment advice relating to how to invest your money in individual stocks, mutual funds or even the potential of hedge fund-like investments (which take a lot more than 300K), feel free to let me know.