$12,000 what to do?

Question

If you had $12,000 how would you use it to make more money

Answer 1

I would wisely invest it in stock or open my own business. Those seem to be the only two solutions to make more money.

Answer 2

Well those are great book answers. But, the truth is 12000 dollars isnt as much as you would think and the intrest would be minimal. Another lesson is you dont invest money in stocks, unless you know what your doing or you have the money to spend. Most people especially beginners lose money in stock.
Now with 12000 dollars the best thing is put 2 grand in your bank just for padding. Anything goes wrong you always have that 2 grand to fall back on. You dont touch that 2 grand unless desprite times. Now the other 10ooo would depend on the situation. If you are doing well you might want to pay off some debt to help clear you out and if your doing poorly you might just want to look into some kinda job future or getting out of your situation which both cost money. Some people would take this money for a trip which can be relaxing.The last thing i would do is buy something useless like spinners for my car. You eithers want to help you out or at least remember it.

Answer 3

Put $5000 in a bank high interest a/c and the balance in two mutual funds, one investing in East Europe and the other in India.

For these you will need advice from a financial advisor, but for a simple thing like that his charges will be small. Many give it free.

Answer 4

If it was the only $12,000 I had, I would buy certificates of deposit. You know what amount of interest you will get. Bank deposits are insured by the FDIC, so there is no down side risk.

Answer 5

I would buy $12,000 worth of sodas in the plastic bottles. I would dump and drink all the sodas. I would then take the bottles and cash them in for $$$$. That's what I would do.

Answer 6

You'll get paid this Friday $400 dollars, every two people are worth $100 dollars. The company name is "Health First Technologies," They give you leads and answer every e-mail for you with a welcome. The "enrolles"="sales" if they make a sale, thats $600 dollars that following week, plus "leadership" bonus money. thats almost $1,225 dollars in two weeks. "Health First Technologies is the highest paying HomeBased businesss in the world!" http://715289980.gohft.com/

Answer 7

start up a small Ebay business... We have friends that buy wholesale of stuff girls wear in magazines and sell it for 10 times profit. They pull in about 6 grand a month working about 30 hours a week out of their basement.

Answer 8

HI, Mutual Fund maybe a nice choice for you.

this is a 2-page introductory knowledge about Mutual Funds. it also includes something about how to invest mutual funds.

http://www.bernanke.cn/what-is-a-mutual-fund.html

wish it will help you. Good Luck!

Answer 9

Invest in CD's
Right now you can get about 5.25% and you only have to tie your money up for 9 mos.
That's$5,670 intrest
not a bad return
Good Luck

Answer 10

get a CD at bank, youll earn massive interest and interest rts on tham r really good now. only dwn side is u wont be able to take money ut for a contracted amt of time