Nice Inheritance. What to do w/ it?

save it for job finding expenses, moving expenses, etc with the uncertainty of a new career.

ETA: put it in a CD or other low risk investment.

I agree. Keep it in a liquid spot as an emergency fund for expenses you might incur. Jobs are pretty hard to find right now. With unemployment up so high, companies are able to hire experienced workers for what should be an entry level job. A lot of companies do not see the need to hire someone with no work experience and have to train them when they can hire someone that has been in the business for a number of years and does not need training.

Fly to vegas, put 10 grand on Arkansas. Collect. Then party with 20k.

That's too important to risk. Buy yourself some financial security with it that you'll eventually put to good use. Find an index fund that replicates the Barclays Capital U.S. Aggregate Bond Index.

It has never lost money on an annual basis this decade. During its worst year (2005), it gained 2.4%. During its best year, it gained 10.3%:

2001 8.61%
2002 10.27%
2003 4.11%
2004 4.30%
2005 2.40%
2006 4.40%
2007 7.09%
2008 5.45%
2009 5.99%
2010 6.71%

10 Yr Compound 5.91%

That's a better long term performance than if you'd have put it in a large cap index fund.

By the time you're ready to buy a house (depending on region of country) .... booyah! You'll always have this relative to thank for making a secure investment in your family's future.

If I had it, I'd stow it away somewhere and forget about it.

You were going to survive the period between graduation & a "real job" already. This $10,000 wasn't the only thing between you & the mean streets.

Throw it into something quality, allow it to compound, like one of the earlier posters suggested. Do not ever take it out unless its tanking. Seriously, forget about it forever.

15 or 20 years from now, it'll be worth way, WAY more than $10K...

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15 or 20 years from now, it'll be worth way, WAY more than $10K...

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But its worth more now as 10k than it would be worth as 50k in 20 years.

I agree with the others. If you are a soon-to-be grad you will need the money sooner rather than later. Even if everything goes well with your job search :crossingfingers: it will be great to have in reserve to help with the expenses of moving.

Honestly, this is one of the very few cases where a savings account may make sense. You can withdraw when you need it but only infrequently, which is really about all you need until you get situated with a job.

Okay same question but with more $, it will be with at least 300k or more, should be a lot more (only reason im saying that is bc I am drunk and mad) any how thats the case. Mid 50,s with 3 kids in college?

Iraqi dinars......

hookers and blow