Where should I invest 10K?

[OhZyeah]

I have a little over 10K saved up in my checking account. I want to open either a CD or savings account so at least I can get some interest out of it.

What or which banks should I open with and what types of investment will maximize my returns?
Thanks.

 

[zimu]

ING direct CD for 1 year (ormore, depends on you), with 2.23% APY.

 

[gistech1978]

in gistech1978
help me help myself.

 

[eflat]

Originally posted by: OhZyeah
I have a little over 10K saved up in my checking account. I want to open either a CD or savings account so at least I can get some interest out of it.

What or which banks should I open with and what types of investment will maximize my returns?
Thanks.

Are you crazy? Put it in the stock market. Just put it in an index fund or something. You should average a good 10% over the next ten years versus the .4% or 1-2% you will make from the bank.

 

[Shockwave]

Nortel

 

[TheChort]

Mutual funds are a good bet.
Not too risky, cuz they are a combination of a bunch of stocks. Over the long term it goes up fairly well.
Don't know specific numbers though

 

[DaveSimmons]

> ING direct CD for 1 year (ormore, depends on you), with 2.23% APY.

Best answer for 1-3 years zero risk. For 0-1 years, INGDirect.com savings account.

If this is long-term / retirement: www.Vanguard.com stock mutual funds, especially VFINX. If you had earned income last year the first $3K should go into a Roth IRA account for 2003 (you have until 4/15 to do this).

 

[minendo]

I've got this Uncle who is a Prince in South Africa and he can provide a huge return on your investment.

 

[zimu]

Originally posted by: minendo
I've got this Uncle who is a Prince in South Africa and he can provide a huge return on your investment.

from nigeria right! wow, i have an uncle there too!

 

[FelixDeCat]

Invest in a snazzy wardrobe, plastic surgery and karate classes. Meet a rich old woman and go gravedigging.

Or you could become a male prostitute.