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What is the best way to invest $55,000?

I am sixty years old and have $55,000 to invest. What would be a good investment for my money for the next twenty years?

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I would ask around or go to Dave Ramsey's web site and find a good trusted financial adviser in your area that you can rely on and take some professional advise and stay away from McDonalds..........''italic text''

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I agree with Blackwood, go to a Dave Ramsey ELP.

My mom is 62 and I just helped her put money into a S&P 500 index Mutual Fund. I don't put any money into single stocks, example: what do you think would happen if there was an accidental food poisoning at McDonald's. Or right now there is a big recall on Goodyear tires, I don't know if it has effected their stock price, but having your eggs in one basket is not a good idea.

One Mutual Fund can consist of 100's or 1000's of companies, much less risk of all of their stock prices going down at the same time, outside of the general world economy crashing.

Here is the S&P 500 Index fund report, scroll down to page 11, that is where the list of companies starts. You would be investing in all of them with 1 mutual fund share.

http://individual.troweprice.com/gcFiles...

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McDonalds Stock Is A Safe Bet!

http://finance.yahoo.com/q?s=MCD

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Sounds funny but my father invested 60,000 and made 30,000 in 15 mos. just a thought j

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Comments:

After looking at the 5 yr graft it looks like it could be a sound investment but I would still go through a financial adviser. Wasn't trying to gouge you.

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