Best way to Invest 10 grand..

Discussion in 'Off Topic' started by Futher, May 5, 2003.

  1. Futher

    Futher Golden Member

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    I recently aquired 10 thousand dollars, and I need ideas on how to INVEST my money to receive the highest interest possible. Notice how I said invest, not spend =) Anyone have any ideas? Thanks
     
  2. Hoober

    Hoober Diamond Member

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    If you want it to be secure, then I would look into CD's. You might be able to find something with a rate around 5 or 6 percent.
     
  3. jurzdevil

    jurzdevil Golden Member

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    just throw it in a bank account with interest. may not be a high return but should be stable.
     
  4. stev0

    stev0 Diamond Member

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    if you have the time. i think you could make some nice size in the market.
     
  5. Yossarian

    Yossarian Lifer

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    When do you expect to need the money? Can't really make any recommendations without knowing that.
     
  6. Futher

    Futher Golden Member

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    1 to 2 years at most. No long term CD's or investing
     
  7. Kevin

    Kevin Diamond Member

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    Bonds...
     
  8. conjur

    conjur No Lifer

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    #4 to Place and Show....5th race....Aqueduct.

    ;)
     
  9. toant103

    toant103 Lifer

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    www.ingdirect.com
     
  10. FeathersMcGraw

    FeathersMcGraw Diamond Member

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    There are CDs with 1-2 year investment periods, but I doubt the rates will be much better than a savings account.

    The way the market is now, I really wouldn't invest any significant amount of money in anything but a money-market fund if the time period in which you need to have your money available is only a couple of years. Otherwise, you run the risk that your investments will have lost value by the time you need the funds without any time to make up for losses.
     
  11. iwearnosox

    iwearnosox Lifer

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    Put it all on black.
     
  12. djheater

    djheater Lifer

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  13. Nitemare

    Nitemare Lifer

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    00 is where it is really at..

    if you win I want 20%
     
  14. JeffreyLebowski

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    give it to me, I gaurantee i can turn it into 10x as much in about 2 weeks.
     
  15. UNCjigga

    UNCjigga Lifer

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    Put it all in one stock...preferrably a high tech/biotech or pharmaceutical. Don't go for blue chips...look for small companies under the radar that are lobbying the FDA for approval of a new drug or procedure...
     
  16. her209

    her209 No Lifer

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    Give it to me.
     
  17. Dznuts007

    Dznuts007 Senior member

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    Hah hah...I was like "???" then I suddenly got that.

    The best way for you to invest money is for you to do research and find out all these different ways rather than listening to one person telling you to "do this".

    Look into IRA's, look into stocks, CD's, mutual funds, etc.

    Alot of people are saying not to invest in stocks right now because they're not doing so well. Well, do you want to invest when stocks are doing very well and prices are high? No, I would try to accumulate when prices are low and wait until the market recovers (how ever long that will take). Buy stocks that YOU think are going to do well, but remember to research it first.

    If it's the bank account approach you want to take, Ford Financial has a 3% money market account which is higher than what a bank will give you, but you have to maintain $10,000 or more. Ford Financial.com

    Another site to check out interest rates is Bankrate.com

    Good luck and may you invest your money safely and prosper. Good that you're not spending it. It's funny that when someone is given money they're prepared to throw it all away...
     
  18. fishingeek

    fishingeek Senior member

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    Look for a house to buy as a rental. The house will appreciate and you will have someone else paying the morgage for you.
     
  19. Mookow

    Mookow Lifer

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    if you can buy a house for ten gand, you risk it being boarded up by the police as a crackhouse
     
  20. chiwawa626

    chiwawa626 Lifer

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    When you say "aquired" it sounds like you stole it :p

    I dont have much financial advise, but just dont spend it all, or dont goto vegas with it.
     
  21. LOLyourFace

    LOLyourFace Banned

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    a question for you guys.

    doesn't money inflate about 2-3% every year? if you earn 3% a year in a CD, what's the point? You barely beat it's original value just for not spending them..

     
  22. richardycc

    richardycc Diamond Member

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    are you that guy that got 10k for a slip and fell injury that someone mentioned on here? ;)

     
  23. xuanman

    xuanman Golden Member

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    to Futher: definitely do not put money into an IRA if you are looking at a 1-2 year time horizon.
     
  24. hdeck

    hdeck Lifer

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    haha, good idea
     
  25. AgaBoogaBoo

    AgaBoogaBoo Lifer

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    Umm, ok I'll cut you a deal. You give me say... five thousand, you keep the other half and give it to me when I give you your half back. This way you'll be sure to get the five thousand back. We can work out any details over e-mail, I'm sure we can reach some kind of deal. Oh, and I have 4 years of experience in lending/loaning money like this to countless middle school and high school kids. Don't worry, I won't rip you off.


    ;)