pauldellovo
 |
roth, with safe stable investments, 80% stock 20% bonds |
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nujdawg
 |
You have one of two options.
If you want to use it for college....put it in a 529 plan now and invest conservatively....because you'll use it soon for college.
If you want to use it a long time from now....then open up an online account with Vanguard or Ameritrade or Etrade, and invest 80% stocks/20% bonds.....or similar type of mutual funds. |
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pickabombom
|
In college or make your parents buy a house and then sell it when you need money for college. Houses are huge investments. My parents lived in theirs for five years and the got like 40,000. when they sold it. try it out! |
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Frank Castle
 |
I suggest you to open a brokerage account and a margin account at ameritrade.com and then drop me a line.
I also suggest you to save for college (Specially in your parents do not have a 529) |
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peanuttpuff
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You should put it in a Roth IRA account. |
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mjstwin0405
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ummm save it for a car or apartment or college |
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treseuropean
|
In his college education. |
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coryshawn
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Put it in something safe and use for a down payment on a house |
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Da da da
|
Roth IRA. With that many years before retirement, $10,000 becomes nearly $200,000. Tax free. He could save a little less when he's working later, which means more disposable income through his whole life.
Problem; you can't put $10,000 in a Roth all at once. High-yield savings account until the rest can go in. |
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jangermayer@sbcglobal.net
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I would invest some of it for short term and some for long term. For short term, I would go with bank cd's, and for long term, savings bonds or stocks. Hope this helps! |
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justinsbaby1805
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in college or a savings acct. |
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singukusa
|
I would agree with the Roth IRA, since it sets you up for retirement. At http://en.wikipedia.org/wiki/Roth_IRA you can see details about what sort of investment it is, and the advantages and disadvantages. |
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Rogger
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Invest it in a retirement fund. when your old it will be worth millions |
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smarler@prodigy.net
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talk with a financial advisor...they normally don't charge a fee if you consider placing money with them. Look under your directory for financial advisors in your area! |
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largebones2004
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I would puchase leaps and do cover calls on it. |
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richandtan08
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in college duh!!!!!!!!!!!! |
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babeinthelimelight
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in mutual funds that promise to follow your values. like if you dont belive in guns drug and ciggies than you can find mutual funds that will honor that. |
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LayZee
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put it towards a bank account. |
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jhnjackman
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Specifically investing in land or preferably property. This is less of a gamble than investing in ordinary stock
with the exception of government stocks. In the U.K.
government bonds are known as 'gilt edged' amd with good reason. If the investor is prepared to have patience, the return is far higher in the long run. |
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spindoctor
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Put it all in a stock for a company that makes the must-have Christmas gift for 2007. Apple last Christmas, between October and February, made huge returns. |
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Jonjoe
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Try getting a cheap franchise |
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