1. Excluding angel investing: If I were you, with 50,000 and unlimited risk tolerance, I'd buy a foreclosure. If you take some time, do your homework, and make

1. Excluding angel investing: If I were you, with 50,000 and unlimited risk tolerance, I'd buy a foreclosure. If you take some time, do your homework, and make the right investment then the payoff could be quite good. 2. I understand your frustration. There's just nothing out there for the beginning angel. As you can tell from most of the answers here-- there really isn't a good answer. You're too rich to have the money sitting in a bond fund, and too poor to be Paul Graham. You're stuck in the middle, and the investments market (right now) doesn't have a home for you. You're also a prime target for some get rich quick investment schemes, so you ought to be careful.