I feel a bit self-conscious with the title above given that web-searches along these lines turn up mostly people who are struggling to get rid of debt or build a modest amount of financial security. Nonetheless, being an American I can't really ask my family and friends, so I turn instead to you, the (mostly) anonymous Internet for advice.
I have "enough" going to retirement that I can afford to lose this money but would (obviously) rather not. So I'm not entertaining high-risk investments as an option. My goal is to earn the maximum return on my investment while keeping the risk "within reason". I'm a complete novice here...
The following options have occurred to me:
- Invest in treasury bonds and maybe I'll double the money before I retire (boring).
- Become a landlord (I have a few friends who do this as a side-investment and seem unhappy).
- Start a business. I don't want to give up my day job, so the kinds of businesses I could really engage in would be restricted to nights and weekends. I have a lot of energy and drive, but I don't really know if this kind of side-business thing is workable.
I would be earnestly grateful for serious suggestions at things you think are worth considering.
Ten Months Later: I thought I'd report back on what I decided to do. I invested $35k in treasuries and $65k in stocks and mutual funds (all of which have made money EXCEPT the SP500 index, which has gone down). I also started a side business which netted $80k in 2011 before taxes. However, I'm burned out on this side business and cutting back; selling off my time with family, some of my sleep-time and all of my relaxation-time was too much.