I am going to have about 8 - 10,000 dollars soon and looking for a good way to invest it or at least do something to make some money off of it.
2006-10-09 09:42:38 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
I'd buy gold bullion coins, and put them in a safe place, like a safe deposit box at a bank.
Gold has gone from about $300/ounce, in 2001, to about $550/ounce, today. That's an average of more than 13% increase PER YEAR, at a time when the Dow-Jones Industrials spent the last five years crawling back to where they were, before the crash.
2006-10-10 12:15:19 · answer #1 · answered by Larry Powers 3 · 0⤊ 0⤋
Good question! Don't invest in CDs. The gains are taxable and add to that the inflation rate so you really get a lot less.
Invest in a good balanced fund like FBALX or OAKBX. Do this in a Roth IRA.
2006-10-09 17:02:36 · answer #2 · answered by roger_v_kint 3 · 0⤊ 0⤋
Unless you are very conversant with investing (your question indicates that you are not) you should play it conservative (safe) to start with. Depending upon how long your investment horizon is, I would suggest a one-year CD. That will give you a 5% return and time to study and learn about common stocks, Roth IRAs, and mutural funds.
2006-10-09 16:48:59 · answer #3 · answered by united9198 7 · 1⤊ 0⤋
If you want something high risk earning as much as 29%, try Prosper.com. It's lots of fun doing person-to-person lending, especially if participate in the Prosper discussion forums. If you need help, join my group at
http://www.prosper.com/public/groups/group_home.aspx?group_short_name=TheQuiversArrows
2006-10-09 17:35:39 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Bet on black at the roulette wheel at your local casino. Good luck!
2006-10-09 16:49:39 · answer #5 · answered by Anonymous · 1⤊ 0⤋
www.infinitebanking.org Charter a bank.
2006-10-09 17:02:51 · answer #6 · answered by Crockett 3 · 0⤊ 0⤋