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Any advice to give a newbie on how to invest 10k

Posted on 5/15/14 at 12:06 pm
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18315 posts
Posted on 5/15/14 at 12:06 pm
I want to get started on with the investment scene. I am pretty well off in my financial life right now. I have 10k just sitting in one of my bank accounts that I need to do something with so any advice would be appreciated.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 5/15/14 at 12:08 pm to
hookers and blow with be the top answer on here


Vanguard
Posted by hiltacular
NYC
Member since Jan 2011
19689 posts
Posted on 5/15/14 at 12:32 pm to
max out your roth for the year
Posted by bayoubengals88
LA
Member since Sep 2007
18997 posts
Posted on 5/15/14 at 12:34 pm to
We need more info. Do you have a Roth? If not, sign up with Vanguard, choose a well performing fund and max it out with $5,500. Thats a start.
Posted by TigerSaints318
Shreveport
Member since Dec 2009
1797 posts
Posted on 5/15/14 at 3:05 pm to
I've just started buying gold and silver. I'm planning on using it for a long term investment. Protects against inflation and is liquid if you need the cash.
Posted by brbowhunter
baton rouge
Member since Apr 2013
851 posts
Posted on 5/18/14 at 9:16 pm to
all these answers are for lazy people.

use your money to buy and sell items.

you could invest 10k into something and make 5k a month in profit pretty easy.

i buy and sell cars btw. i buy them broke or needing small items fixed and sell for profit.

i make on average 80% profit.

i just bought a 06 dodge ram for 2500. needs 1200 in repairs. it books 11k. this will be my biggest profit margin to date.
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