INVEST THE MONEY

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INVEST THE MONEY

Post  Ralph J on Thu Feb 07, 2008 10:14 am

Can you get the money and invest it?

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Re: INVEST THE MONEY

Post  Foster Brown on Thu Feb 07, 2008 11:01 am

You can do what you want with the money from what I understand, but remember to invest wisely. At our age some of the investments may sound good but they are scams so be careful my friend.

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Re: INVEST THE MONEY

Post  Sun Shine on Thu Feb 07, 2008 11:03 am

Good idea. I wonder if you can get a better interest rate that you will be paying for the loan. Just a thought.

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Re: INVEST THE MONEY

Post  Cherry Pearl on Thu Feb 07, 2008 11:58 am

You had better see the amount of interest you are being charged for the money vs. the interest rate you will be receiving if you invest. I would not borrow the money if I was just going to invest it.

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Re: INVEST THE MONEY

Post  Nini Stone on Thu Feb 07, 2008 12:05 pm

I think if you get a lump sum and don't need it all you could put it in at least a savings account to draw some interest on it.

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Re: INVEST THE MONEY

Post  Linn F on Fri Feb 08, 2008 12:20 pm

There are different ways you can get the money you know. It doesn't have to be in a lump sun.

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