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Message
Any advice to give a newbie on how to invest 10k
Posted on 5/15/14 at 12:06 pm
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.
5
Posted on 5/15/14 at 12:08 pm to 13SaintTiger
hookers and blow with be the top answer on here
Vanguard
Vanguard
Posted on 5/15/14 at 12:32 pm to 13SaintTiger
max out your roth for the year
Posted on 5/15/14 at 12:34 pm to 13SaintTiger
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 on 5/15/14 at 3:05 pm to 13SaintTiger
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 on 5/15/14 at 7:30 pm to bayoubengals88
Roth already maxed out.
Posted on 5/15/14 at 8:09 pm to 13SaintTiger
quote:
Roth already maxed out.
Max out a Traditional too
Posted on 5/15/14 at 10:59 pm to rintintin
Is the Roth limit $5,500 per Roth fund or can you invest $5,500 in as many funds as possible?
Posted on 5/15/14 at 11:28 pm to CHiPs25
$5,500 per individual.
So even if you have multiple Roth IRA (e.g. Vanguard, Fidelity, etc.), you can only put $5,500/yr into them combined. The rules do not care where you invest it, which fund(s) or none.
So even if you have multiple Roth IRA (e.g. Vanguard, Fidelity, etc.), you can only put $5,500/yr into them combined. The rules do not care where you invest it, which fund(s) or none.
Posted on 5/16/14 at 7:03 am to CHiPs25
The Roth limit is $5500, as is the Traditional IRA, but you can open both as separate accounts and max both out.
Posted on 5/16/14 at 9:15 am to rintintin
quote:
The Roth limit is $5500, as is the Traditional IRA, but you can open both as separate accounts and max both out.
I don't think so...
quote:
John, 42, has both a traditional IRA and a Roth IRA and can only contribute a total of $5,500 to either one or both in 2013.
This post was edited on 5/16/14 at 9:16 am
Posted on 5/16/14 at 11:31 am to tissle
Hmm, perhaps I'm wrong then. I must be confused with a SEP IRA, because I have a Roth and SEP.
Posted on 5/17/14 at 10:48 pm to rintintin
quote:Nah the combined max is $5500
The Roth limit is $5500, as is the Traditional IRA, but you can open both as separate accounts and max both out.
Posted on 5/18/14 at 9:16 pm to 13SaintTiger
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.
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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