How to invest 43000 when I cant get a loan

[kayla220220]

Okay so I am a law student and currently work casually in retail.
I worked really hard and have managed to save 43000 within the last three years.
I really wanted to invest it in an investment property but as a casual worker I do not think I can get a loan, hence what is a good way to invest my money.
I am have with long term gain so I am not looking for a quick fix or anything like that
thanks for any advice

P.s my parents are not the risk taker type at all hence although they are happy to co sign for a loan (which they have its pre approved) I know they will not actually buy a property they will find a fault with it ( looked at over 20 prop in last three years all would be worth more then purchase price if purchased)

[Ima saver]

I have owned 3 rental properties and have lost money on all of them. I suggest you put your money in a good no load mutual fund and let it grow there. I like vanguard 500.

[AnotherReader]

How much do you know about owning rentals and being a landlord? It can be a job in itself. You also don't have the necessary reserves for a rental. Why not wait on rentals until you are settled and have a steady income and reserves?

Since this is earned income, have you funded your IRA? That's an excellent place to start. You can invest in low cost, diversified mutual funds or ETF's at Vanguard or Fidelity and add to them with additional income.

What about student loans? Law school is very expensive and it's unusual to graduate without debt. Having funds available to avoid loans or to jumpstart repayment when you graduate would also be a good use of the money.

Finally, do you have a job lined up after graduation? You may need cash to carry you through a few months after you graduate.

[snafu]

Congratulations on such impressive savings. Sorry, many questions...Do you plan to invest for at least 5 years? Are you looking at raw land or a rental property? Would you consider Mutual Funds? Does your income qualify for a ROTH type account?

[feh]

I am have with long term gain so I am not looking for a quick fix or anything like that
thanks for any advice

Here you go:

http://www.bogleheads.org/wiki/Bogleheads%C2%AE_investing_start-up_kit

[molly1]

Congrats!!! For such impressive saving and liked your thinking about investment. According to me you can invest those money in LIC, because you can have double benefit like insurance plus maturity. Final decision is totally in your hand so think about it take right decision for your investment.