mouse111970
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hold on to it for awhile until the market changes or get into notes. |
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im the girl you can never have
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how old are you?
in these trying and only to get more trying times...id save as much of it as possible in case you need it....i woulndt mess with any kind of investment with the way stocks are and all that drama going on. |
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Rick
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Remember, the rule of thumb is not to place all your investments in one place. Spread your wealth-- stock market-- 401k--futures--metals--ect ect..... |
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Cisco
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It depends on several things:
1) Do you have any credit card debt? If you do, I would recommend paying that off first
2) Do you have any savings for emergencies? If not, set aside at least 3 to 6 months of living expenses in savings/money market
3) Do you have any retirement savings? If not and the items above are taken care of then open an IRA
4) If all of the above are taken care then invest, if you are ok with some volatility then invest in stock mutual funds, if the market makes you nervous then invest in fixed income bonds, money market or CD's |
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Sara R
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With the current economic crisis at hand, it is pretty much critical that you should put that money in the bank!
Please let's help each other out during this crisis and don't pull your money out of the banks! |
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marcquas
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investments is the way to enlightment |
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NAVPAL S
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savings bond whoooooooooooooo |
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General Custer
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Buy US Inflation Protected Bond. |
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cawtgrinnen
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I like the one guys answer "Buy 80,000 ramens" dem noodles is good, but to be serious, I'm guessing you just got the money and the urge is over whelming to do something with it. A friend of mine was in the same position ($10,000.00) and I'll give you the same advice. Put it in a CD for a year so its out of your hands and you have time to really think about it. |
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girlnextdoor
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I would use it for a down payment on a home or even find one that you can buy for that much. (auction, foreclosure, back taxes, etc.) Banks are very willing to negotiate on a home that they've had to foreclose on. They do not want to keep these homes, they want to get rid of them as quickly as possible. You have a huge selection right now and if you know what you're doing or can find a real-estate agent who knows what they're doing, you can really make a great investment.
Now is the best time to buy a home, prices are extremely low and you can find some insane deals. You could rent it out for a few years and then sell it when the market changes. Then you are making your investment work for you. You shouldn't have any issues with renting it out since many people have had to begin renting lately.
The ability to buy a home very cheaply is the only silver lining to this economic crisis.
If you want something that's extremely safe, try bonds.
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Scarface
 |
buy euros against the dollar |
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cachan
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invest....but not before researching what to invest....you want to decide if you want it to work for you in retirement or right now....talk to a good financial consultant...and remember not all financial consultants are created equally....
Or...that's enough for a nice down payment for a house to rent...this option is a lot of work...tenants can suck...but, it is also a great investment and real estate is down and possibly going to go lower....if i had the extra cash, this is where i would lean...the tenant pays off your mortgage, and when it's paid, you get that monthly extra profit...
the down side....if there are no tenants, you still need to pay the mortgage...or if the tenants turn out to be creeps and they don't pay...again, as long as there is a mortgage, you have to have the funds to pay it.....
Do Not...put it into a saving acct....money does not make any money in a savings account...and it's wayyy to easy to spend...
if none of the above sounds good...pick a stock that is stable and put it in that one....(but...even for this...research, research, research....) |
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Tim C
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Put $1000 in an FDIC savings account. unless you already have savings for $1000 or more.
Next pay of any and all debt you can (credit cards, student loans, car loan, * loan, even put it towards your mortgage).
If you have anything left after that (and if you are like the typical person, you won't), I'd blow the rest, because you're in pretty good financial shape if you are debt free. |
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boysandgirl
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Create a bailout package, just for me. Please.... |
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Andrea
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You need a savings account and an investments class. I think you're a little short of being able to put a down payment on a house. Don't blow it! We're in an economic crisis and you'll be well ahead of the game if you make wise choices. |
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Moneyguy
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I invested my extra money, but the market hasn't been so forgiving lately so it may have been a mistake. |
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Sarah W
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Help out people who are less fortunate. Like family, friends, charity, or something you are passionate about. Then put the rest in the bank to take care of yourself. |
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link
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Save it |
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Parish
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Crack and hookers, and a trip to Chuck E Cheese. |
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Jeremiah P
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Send it to me, lol.
Well assuming you have other money that you can live off of, I would deposit it into a savings account with a high interest rate and just watch and see what happens. Credit unions are usually the best. You could also just put some of it aside and get the TV you've always wanted, take a trip or whatever sounds good. |
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Matthew D
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dig it up it will get moist and you dont want that. by the way whats your address lol |
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ṼξŋØლǿԱ§
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I could be your best friend for a cut.
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1beautifulmonster
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yeah, n your back yard! what did you say your address is again? lol! naw, seriously i say get a savings account. |
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seconddayhero
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You could divide it equally among everybody that answers your questions here! Think of how great a rating you'd get on this question. That is totally worth 5-20K! Think of the points you would get. It would be boosting our economy. Think about it. It's your patriotic duty to give all of us your money. |
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short cake
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Right now I would bury it! I wouldn't risk it in any bank right now. |
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jaedacoy
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let it grow in the bank.. and also make sure its protected..just my 2 cents.. but def get soem advice at ure local bank. |
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andrea s
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honestly, save it up for a nice car. or you can start a small buisness.
making cards or whatever..
so you'll earn and still be able to spend |
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boo
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the last option |
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b*tch of cookies
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hey best friend..... so.........
can i have some
give it to me
lets half it |
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Franklin L
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there are alot of smart answer here and stupid ones,you have to:
1.save it in the bank.
2.when you need it despretly you could take it out of the bank for a cause.
3.if somthing of your house is needed like furniture get one espiacialy a bed |
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Shopaholic
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Give it to me! |
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