If you had $5000 to invest in what will you do ?

[Xenon14]

I'd buy stocks. Savings bonds aren't worth it unless you're putting in at least $100,000, and even then, I'd buy long term stocks.

 

[edro]

Buy some land.

 

[Mday]

$4000 in a savings account. $1000 in some stocks.

he just may wind up needing the money one day.

 

[NDENT2003]

Where can he get info on getting stocks ?

 

[alrocky]

Originally posted by: NDENT2003

Originally posted by: gopunk put 3k of it into roth ira, buy vanguard sp500

what is that ?

Consider a total stock market fund like one offfered by Vanguard: http://quicktake.morningstar.com/Fund/Snapshot.asp?Country=USA&Symbol=VTSMX&hsection=. You can check the Morningstar forums under Discuss, Vanguard Diehards, and the Vanguard site for more info. This is suitable for most people as a first investment, particularly in an IRA, preferably a ROTH IRA. Generally a better idea than stocks.

 

[Vic]

PSA: investment property purchase generally requires at least 10% down and rate/fee pricing is not nearly as favorable as owner-occupied. $5k would cover the closing costs but would be nowhere near enough down.

If your friend is a risk-taker, he should pick up a few stocks.
If he wants to save the money or doesn't want to risk it, he should just put it into a money market account or low-risk mutual fund.

 

[Regs]

Bunny Ranch out side of Los Vegas.

 

[bbkat]

Assuming all debt is paid off, the questions you need to ask are: how long before you will need the money? And how much risk are you willing to take?

For higher returns, you usually need to take higher risks.

 

[NDENT2003]

Originally posted by: bbkat
Assuming all debt is paid off, the questions you need to ask are: how long before you will need the money? And how much risk are you willing to take?

For higher returns, you usually need to take higher risks.

He said he isn't gonna need to $$$ till like mid feb as he has to move on march.

 

Like I said before - savings bonds!!! I-bonds are currently earning 4.6%, and you can cash out after a year with only a three-month interest penalty. It looks like you need it sooner, but if you can hold off just a BIT longer than Feb., you'll be in GREAT shape.