2006-09-29 10:37:07 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
Put it in the bank and not think about it, thats what i do.
2006-09-29 10:38:23 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are willing to invest it and take some risk, consider the following:
1. Funds you need in the short term: invest in money market accounts.
2. Funds you won't need in the next 5 years: invest in mutual funds; I prefer index funds because the expenses are low
3. Keep the equivalent of 6 months pay in your bank savings account - it's FDIC insured to $100,000 per account. Consider this your financial mattress backed up by Uncle Sam.
Vanguard (I don't work for them) has relatively low expense ratios compared to other funds.
2006-09-29 21:29:47 · answer #2 · answered by inpoetry1 3 · 0⤊ 0⤋
My only tip is about gambling.
If you gamble in Vegas, the hosue has the edge...ALWAYS. 1%, 2%, 3%, whatever.
If you gamble on the stock market, you can come out ahead. I find it just as much fun, but I steadily accumulate. If you get investment advice, you can make major gains.
2006-09-29 17:41:29 · answer #3 · answered by dryheatdave 6 · 0⤊ 0⤋
Sort of like spending it except the exact opposite ;)
2006-09-29 17:53:29 · answer #4 · answered by momo 1 · 0⤊ 0⤋
Put it in the bank and forget you have it. If you don't have it, you can not spend it.
2006-09-29 18:20:00 · answer #5 · answered by Vegas 2 · 0⤊ 0⤋
Go and do an economics degree. that might help
2006-09-29 17:40:11 · answer #6 · answered by Supernatural 2 · 0⤊ 0⤋