Would like advice on how to best invest $150,000 given my situation
I have $150,000 I would like to invest. I know that most people would recommend that I invest it in real estate, however, I do not even know which province/state (Or country for that matter that I will be living in for the next two years) .
I am not sure how realistic it would be to rent it out, while I am 1000km away.
Therefore I am considering other investment options.
I would like to keep $50,000 in a fairly liquid investment (in case I see a good deal on a house), and the remaining $100,000 I would like to earn as much interest as possible whilst still remaining relatively safe.
I am thinking of this “portfolio”:
1) Property Development Startups: Invest $ 80,000 in some sort of property development project, hope to earn at least 30% ( Just an idea a colleague suggested), I havent done much research into it yet)
2) $20,000 in Lending Loop (relatively safe investments – aiming at 8% return)
3) The remaining $50,000 I will put in a high interest Savings Account, earning 3% interest, but it will be on ‘standby’ in case I see a good deal on a property.
So dear reader, What do you think of my idea? And most importantly; what would you do in this situation?
Serious replies only please.