2006-11-17 04:04:31 · 10 answers · asked by finander 1 in Business & Finance ➔ Investing
buy a car and get some girls or find a job
2006-11-17 04:12:09 · answer #1 · answered by breastfed43 3 · 1⤊ 0⤋
These days 5 grand does not buy a great car. So if I were you I would take $3000 and use that for a down payment on a car and get a loan for $5000 to buy a more reliable car for $8000. Then take your left over $2000 and invest that in a Roth IRA. That way you can get some of each. Your monthly payments on the car will be less than $100 per month. Get your loan through a bank not the car dealership.
2006-11-17 04:13:28 · answer #2 · answered by Ryan T 2 · 0⤊ 0⤋
Congratulations on saving a lot! making an investment isn't a assure of coming up additional money. the better the flair income, normally the better the possibility of loss. With $3000, perhaps you may desire to place $2000 of it in a CD to make a splash greater, and with the different $1000 perhaps placed it into an 'index' fund (do a google on it). Have a sell element for ANY shares you purchase. do no longer fall into the catch of procuring for at $5 and it is going as much as $8 (a 60% return) and then retaining on because of the fact it may flow to $9. Have a element the place (after expenditures, taxes, etc) you're making some share of income. superb of success to you.
2016-12-29 04:03:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Definitely buy stock !! Unless you have to walk 9 miles to work, up hill both ways, in snow up to the rooftops, in 40 below zero weather.
Getting ahead start on investing is always wise especially if you a have NOTHING invested yet!! Why not buy things that MAKE you money rather than buy things that COST you money. No one gets financially independent by remaining idle ! Do it now!
2006-11-17 04:22:31 · answer #4 · answered by Kitty 6 · 0⤊ 0⤋
investing in stocks is risky. buying a car is a sure thing so i suggest that you invest in a vehicle. however, a car is a dead asset. so if you don't really need a car (maybe you have another vehicle or public transport is more efficient) then consider investing your money in t-bills or other less risky investments, or better yet start your own business :)
2006-11-17 04:16:29 · answer #5 · answered by cebukitty 2 · 0⤊ 0⤋
If you already have a car that runs, 5 thousand won't get that much better of one--if you don't have any car then get a good used car and then you won't have to worry about that expense for awhile. But if you have a working one arleady, then invest.
2006-11-17 04:17:32 · answer #6 · answered by Ian B 2 · 0⤊ 0⤋
Do both. You can invest so you will have more money to buy a better car.
2006-11-17 09:15:42 · answer #7 · answered by gregory_dittman 7 · 0⤊ 0⤋
It depends on your situation, like what kind of car you have now. The best advice is to invest as much of that 5k, and your future monthly income as you possibly can, and don't drown in credit card debt in the meantime.
Jeff
2006-11-17 19:26:24 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Invest in a cheap stock and hope it fluctuates really high really quick.
2006-11-17 04:40:43 · answer #9 · answered by Dubz101 3 · 0⤊ 0⤋
invest in stock
2006-11-17 06:31:05 · answer #10 · answered by Anonymous · 0⤊ 0⤋