Well, I am not always the best person to ask for investing advise because I have all my beans in one basket -- my company. When I have extra money, I purchase more music copyrights. Copyrights never depreciate, so it's a wonderful investment.

But I have a good friends who is much younger than you but is already in the "retirement" boat due to making many good investments and being a day trader during the dot-com boom. He still plays around a bit in the market, and surprisingly has made money over the past few months by moving his money around quite often. He has told me the following:

#1 - GOLD is a safe investement. Kind of like buying realestate, but maybe even more steady than that. If you are worried about inflation, this is the best place to put your money.

#2 - ENERGY -- he has invested in quite a few power companies around the country including Con Ed here in New York. He says even if the stock goes down, these companies all pay 5-10% in dividends each year. And he says even if they go down, they always come back up. Most of these companies are monopolies in their region, so they will never be allowed to fail. Plus, as our politicians always talk about, we have a shortage of energy in this country. It's always good to be invested in an industry with an expanding market. And while the source of energy may change over time (i.e. oil, wind, solar, etc.), there will always be a need for a company to deliver that energy, so their place in the market is safe. And due to deregulation over the past 20 years, most of these companies are not even generating the power themselves anymore, so they are not so affected by the price of oil or coal. Whatever the price is, they simply tack on their delivery surcharge.

Wish I could help more, but those are the 2 areas I hear about all the time from my friend.

__________________


my experience on X5world when I spend too much
time posting in political threads in the lounge...