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Best way to invest

Posted on 7/27/08 at 5:58 am
Posted by lsutigers11
Member since Aug 2005
693 posts
Posted on 7/27/08 at 5:58 am
Best way to invest 10000?

open for suggestions
Posted by Uncle JackD
Member since Nov 2007
59433 posts
Posted on 7/27/08 at 7:24 am to
Roth for long term and CD for short term gaining.
This post was edited on 7/28/08 at 1:26 am
Posted by Chicken
Jackassistan
Member since Aug 2003
26679 posts
Posted on 7/27/08 at 9:38 am to
quote:

Best way to invest 10000?
How old are you, and when will you need to withdraw this money? And what is your risk tolerance?

It is hard to answer this question without knowing your situation and what your long and short term goals are for this money.
Posted by Raz
Member since Oct 2006
8376 posts
Posted on 7/27/08 at 7:39 pm to
Invest it in td.com!
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
73834 posts
Posted on 7/27/08 at 8:25 pm to
quote:

Best way to invest 10000?

open for suggestions


yea depends on what your goals are I guess. I'm looking to buy a new house soon, so I threw 10k into 2 different CD's with 4.5%

I also opened and maxed out a Roth a couple weeks ago. I haven't heard a negative thing about it
Posted by BayouBengal
Member since Nov 2003
28288 posts
Posted on 7/27/08 at 8:48 pm to
hookers and blow
Posted by BillyCannonFan
Angola, LA
Member since Jul 2008
364 posts
Posted on 7/27/08 at 10:28 pm to
quote:

Best way to invest 10000?




Football tickets.

Posted by lsutigers11
Member since Aug 2005
693 posts
Posted on 7/28/08 at 1:45 pm to
where did you get a cd w/ 4.5%?
Posted by ATL TGR
Houston
Member since Apr 2008
2878 posts
Posted on 7/28/08 at 2:04 pm to
You can easily get some around 5%. Look on bankrate.com or bankingmyway.com
Posted by Camp Randall
The Shadow of the Valley of Death
Member since Nov 2005
17163 posts
Posted on 7/28/08 at 2:41 pm to
Looong term CDs
Posted by Plucked
Baton Rouge
Member since May 2008
1004 posts
Posted on 7/28/08 at 4:29 pm to
capital one is running a special right now on new cd customer, with something in the 4's for like just 6 months, check it out
Posted by Roach
River Ridge, LA
Member since Nov 2007
4258 posts
Posted on 7/29/08 at 11:01 am to
Cap One also has a new Savings account that pays 3.5% (min balence $10,000)
Posted by lsutigerfanatic2003
Lafayette
Member since Jun 2005
169 posts
Posted on 7/29/08 at 8:15 pm to
spend some of it to get very good investment advice from professionals and then follow it. I started with 10k 6 weeks ago and now have 24k. I made 21% today! cd's and savings accounts will guarantee that your money will slowly erode to inflation.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/29/08 at 9:35 pm to
quote:

Best way to invest 10000?


Just like a lot of things in life, it depends on your goals and where are you currently.

If you're 25 and have (with any luck) several decades in front of you, it's hard to go wrong with buy and hold in a Roth or 401.

If you're 60 and have plenty already, spend it on booze and loose women. 10K probably isn't a big deal to you.

If you're 60 and have little or nothing, probably the best thing is to either give it away (so you can qualify for subsidies) or bet everything on a spin of the roulette wheel.
Posted by lsutigers11
Member since Aug 2005
693 posts
Posted on 7/30/08 at 12:58 am to
im 24 years old. plan on going back to school in 2 years to quadruple my salary. the schooling is 2.5 years long. this is relevant because i plan on saving for the long term when i get out of graduate school. So i am looking at short term investing. The reason for asking is that I am in agreance that money in cd's and money market's just lose to inflation. I feel that I am not really making money, but that the american dollar is just getting weaker. I may have no choice but to go with a cd though. found one through gmac bank with 4.15 interest. what you think of that?
Posted by L S Usetheforce
Member since Jun 2004
23235 posts
Posted on 7/30/08 at 5:09 am to
quote:

quadruple my salary


What degree and graduate school? Never heard of a graduate school besides MDs that can do that much damage unless your making like 30k now!
Posted by Hitman
Member since Jun 2006
1748 posts
Posted on 7/30/08 at 2:08 pm to
Stocks, bonds, currencies, commodities, annuities, mutual funds, money market funds, et al. Mutual funds would probably be your best bet for long term. Depends on your situation.
Posted by Hitman
Member since Jun 2006
1748 posts
Posted on 7/30/08 at 2:11 pm to
quote:

cd's and savings accounts will guarantee that your money will slowly erode to inflation.


agree totally. money market acounts may not yield much better than cd's but they are liquid and your money is not locked up. BTW, what did you invest in?
Posted by lsutigerfanatic2003
Lafayette
Member since Jun 2005
169 posts
Posted on 7/30/08 at 2:17 pm to
I trade options. Very volitale, when I go out on my own ideas I lose. When I stick to what my paid expert tells me to do I make from 20% to 65% returns in about a week or less. I get a pick to trade each week. It has been the best money I have ever spent. It paid its annual fee in the first trade!!!
Posted by Hitman
Member since Jun 2006
1748 posts
Posted on 7/30/08 at 4:29 pm to
quote:

I trade options.


Stock options or commodity options? I never cared for options. I would much rather just go long or short on a commodity. But hey, whatever works ride it out.
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