2006-07-12 13:43:06 · 15 answers · asked by Art_a_diba 1 in Business & Finance ➔ Investing
Do what Wal-mart does.
Go to China, but cheap plastic stuff and mark it up 2000%.
Think I'm kidding?
I have plenty of business associates that do it.
2006-07-12 13:51:49 · answer #1 · answered by beedaduck 3 · 1⤊ 0⤋
If you don't need anything right now. You should take at least half and buy an RRSP, Savings Bond(s) or some kind of long term, safe investment that will give you money later in life.
Don't put all your eggs in one basket.
After that, I'd take....oh....maybe up to $1000 of it to a casino and bet big. Make like.....$100 or more bets. Don't take any more than a grand though, just enough to have some fun and maybe win big. AFTER you have paid off any debts and purchased one of the above or comparable. have fun.
2006-07-12 20:50:06 · answer #2 · answered by send_felix_mail 3 · 0⤊ 0⤋
The name of the game right now is 'capital preservation'. There will be a time and place to put the money but nearly everything is looking risky for now...I'd hate to see you turn that $5,000 into $3,000 in a couple of months. Well, it really doesnt matter to me, its your money just answering your question as if it was my $5k.
sometimes you just have to sit back and wait until a clearer vision of the opportunitys present themselves....for what its worth.
2006-07-12 20:50:15 · answer #3 · answered by -* 4 · 0⤊ 0⤋
For $5000, you would probably best be served by investing in a mutual fund. They provide you diversification, market participation and an active manager who is trying to outperform (or take on less risk) than the market. Go low fee if you look into mutual funds. Vanguard, American funds, Dodge & Cox are some good names. Best thing is just do something, and let it grow.
2006-07-12 21:31:37 · answer #4 · answered by pozzle52 1 · 0⤊ 0⤋
well I have an idea, duo you play basketball or any sports? My cousin at the USA organizes some local basketball leagues. He said uniforms are very expensive there so they contact me and said if I can find a cheap tailor that can make uniforms for severl teams. I am i the Philippines right now and eventhough there will be shipping costs, it is still much cheaper and they still save money. So if I gave you an idea, just send me an email and let's talk about it. paulo05rico@yahoo.com
2006-07-12 20:48:41 · answer #5 · answered by shadowgeist 2 · 0⤊ 0⤋
Roth or Traditional IRA. Wth the Roth there are no upfront tax benefits, but withdrawals upon retirement are tax free. With the traditional, there is an upfront tax benefit and earnings are not taxed until withdrawal. You should go to your bank to discuss these options with a financial planner. Certificates of Deposit (usually 3% interest) and Savings Bonds (maximum 5% interest) in no way compare to an IRA.
2006-07-12 20:49:32 · answer #6 · answered by ami 3 · 0⤊ 0⤋
Southern Minerals in Australia. The Australian Stock Market (ASX) code for the stock is SMO.
2006-07-14 01:59:49 · answer #7 · answered by Okker 2 · 0⤊ 0⤋
Property. Depends what your market it like at the moment I guess. But our property rates are fantastic and if that amount can be used for a house deposit, that's what I'd be doing with a lazy $5K.
2006-07-12 20:58:51 · answer #8 · answered by Aussie Chick 5 · 0⤊ 0⤋
$5k will buy you an AA at a community college. Thats worth a lot more $$$ than any mutual fund will ever do for you.
2006-07-12 22:03:30 · answer #9 · answered by Dean B 3 · 0⤊ 0⤋
you tansfer the money to your online account at http://www.tinyurl.com/eplss The price of gold is very likely to double in next 4years. After that get back.
2006-07-13 23:22:08 · answer #10 · answered by Anonymous · 0⤊ 0⤋