danaannellison
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I would pay off all of my credit card and student loan debt and invest the rest in Walmart. With this recession, every dollar working class America earns will be going to Walmart because the groceries and necessities are cheapest there. Walmart stock will be doing great in a few months. |
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I_Have_all_the_answers...
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Put it in a high yield CD and forget about it for about 10 years... |
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lisa
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Pay off high interest credit cards, then have lunch! |
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mabelle_dj
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first of all, I'd pay off all my debt. that being done, I'd put half of what's remaining in a fixed-income security, 1/4 in blue chip stocks for a higher long-term yield, and use the remaining 1/4 to pay the down-payment on a house if I don't have one yet*. That way, I'd be free from worrying about current debt, I'd have secured my future, and have a few creature comforts to enjoy the present.
*Depending on how much is left after paying off all debts. a modest house would definitely be part of the equation so I don't have to worry about where I'll be sleeping. the fixed-income securities would also take care of amortizations, realty tax, and regular expenses. |
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sugaree
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i'd go ahead and supersize lunch. |
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robertochahin
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Covered Calls. A popular way of getting double digit returns without risking the farm. |
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poof10958
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probably put down a heafty down payment on a car to replace mine at 110K miles. then use what i have left as a down payment on a house. |
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bombers.sixa
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Some of these answers are hilarious.
But for me, i would buy me a big ol' ice cream cone. =D |
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evilgod723
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if its an easy money, ill donate half to charity and the other half would be mine..and its up to me on how would i spend it... |
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yankeesrock5333
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a really really big dog |
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liljthedude
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Buy myself all the little gadgets I want, buy my mom a Kia Van, save whatever is left. :D |
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Greenback Party Member
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put it in the bank |
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Choqs
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I would pay off the mortgage and all other debts and be completely debt free with some left over to spend on home improvements. |
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Zach H
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I'd pay off my student loans. Then take the rest and split it into two. Put one towards a down payment on a home and put the rest into Chinese industrial stock |
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internet = cauldron of lies bye!
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something I wouldn't type here obviously :) |
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rael ramone
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First off, make all credit card (and other high interest) debt go away. Don't try to eliminate all debt. On debt that's under 6%, just get ahead a little bit so you don't have to worry about late payments (perhaps a month ahead).
Then, make sure you have about 8 months of cash stashed away in a brick & mortar FDIC insured bank.
What's left over should be invested. For most, low cost index funds are the best choice. If you are willing to put the work in, individual stocks might be an option (but do NOT put it all in one company - diversify).
As far as home improvements, it might be best to stick to ones that will pay off (like reduce heating & cooling costs). |
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shade
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I would help my grandmother with her sick foot and her diabetes. and more games for my 360. Also take my mother on a shopping spree. Get something for my 2 brothers and my
1 sister. |
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Worldly25
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Invest it in the stock market. |
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