SlowhandFender
|
Put it in a Roth IRA. You can add up to $5000 a year.If you just put in $5000 now, you should have $286,088 when you turn 65. |
|
renn.dawg
 |
you could keep saving up for a house. |
|
Andy
|
Start an emergency fund with it. Then when something happens and you need the money, you avoid going into debt. |
|
Reena
 |
Buy a Certificate of Deposit with a Major Bank.
This is still the safest way to "save" money and all CD's are FDIC insured. You can go with a 6 month term and then renew it every 6 months or take your money and interest back after the 6 month period.
Putting money into the stock market is a huge gamble right now.
If you can handle the "gamble" buy stock from Ford and hold it for a year. But I wouldn't spend more than a $1000 on it right now.
|
|
Bob G
|
your safest bet with that amount of money, this economy, and your age is a 3 to 6 month Certificate of Deposit at a small town bank. Small town banks arent in the risk that the big banks are with this mortgage crisis because they dont lend money to just anyone. If you dump 7000 into a CD for 6 months right now, you should yield 2.85% and have about 198 bucks extra when you're done. Since you're only tied up for 6 months with the CD, if something came up that you needed the money, you'd have it again in 6 months. Steer clear of the really big national banks though, they're getting whupped on by the mortgage market and crashing. |
|
@mb3r
 |
well you should probably use it for your college tuition or you could put it in the bank |
|
pinkxfire
 |
Shopping spree! Haha jk. You'd be best putting it in the bank for now and keep maybe $1000 out for whatever you need to buy. |
|
ahlam qerqez
|
you should save it.. mayb spend like a thousand.. but i would save it cause you never know what the future holds.. |
|
joelloyd5614
|
Save it and avoid going into debt at all costs. Start an emergency fund. pay cash for everything. |
|
socrates
 |
Lucky You! If you own your car(that means NOT making payments on it) and if you don't foresee needing this money while you are in college this could be a good time to learn about investing.Check Barron's Magazine a couple months back(at the library) or TheStreet.com for suggestions of good companies offering good dividends and have a good potential for capital gains over the next year or so. You could buy a hundred shares of most of these stocks and still have some money left over! |
|
EndlessMountain
|
Buy gold or silver
Buy food (that has shelf life)
Buy real commodities and equipment you can use or trade later
Why? Because the dollar is on a verge of a serious collapse
ZEITGEIST ADDENDUM
http://video.google.com/videoplay?docid=7065205277695921912&ei=WHY1ScCcD5SM-QH4koWlCQ&q=zeitgeist+addendum&hl=en
MONEY AS DEBT
http://video.google.com/videoplay?docid=-9050474362583451279&ei=gHY1SdvbAoGE_AHB3KmuCQ&q=MONEY+AS+DEBT&hl=en
VISIONVICTORY CHANNEL
http://www.youtube.com/watch?v=dqLRa4mKwss
MANOFTRUTH CHANNEL
http://www.youtube.com/watch?v=yS7UjPp3QYM
THE INEVITABLE COLLAPSE OF THE DOLLAR
http://www.youtube.com/watch?v=4n3g5lUgkWk&feature=related
|
|
* roger *
|
Make a research and buy a stock. The stock will still go up in the future.Or if you are a conservative person, put them on Certificate of Deposit. |
|
leesly
 |
Use it as down payment and closing cost on a small framed (in need of work) house, fix it up in your spare time and sell it. |
|
solvent
|
Where I live, now is the time to open Foreign Currency Fixed Deposit
Let the exchange rates make the money for us |
|
mntndo
|
Short stocks, short gold. |
|
Joey A
|
start a business and get more money to get big things like a plasma screen tv or get the wii,ps3,and/or ps3 or go on a vacation |
|
Lor Lor
 |
give it 2 mee! |
|
sharathpokemon
|
you can buy PSP or some bike or laptop or save the money |
|
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
