With the falling dollar, do think the stock market is the best way to go or is buying a piece of real estate a better decision? Any other interesting options?
2006-12-09 02:43:32 · 6 answers · asked by wscarpelli@sbcglobal.net 4 in Business & Finance ➔ Investing
Are you experienced with stocks?
We are in a commodity bull market partly because of the falling dollar, partly because of demand from emerging markets. Stocks of companies that produce oil, silver, copper, gold, iron ore, natural gas, even corn, are doing very well. But these can be some of the most volatile stocks on the market. So, if you don't have experience in stocks don't go there.
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2006-12-09 04:08:19 · answer #1 · answered by Ryan W 2 · 0⤊ 0⤋
If you have any high interest debt, pay it off.
Is there anything you could do to further your career, new tools, classes, books, even clothes?
Does your employer have a 401K plan? Do you currently put the maximum amount in that plan every paycheck? IF not, do that, it will reduce your taxes, you can take from the $10,000 to make up for the smaller paychecks you will be getting. The 401K plan should offer a few nice mutual funds to put that money into. Use the $10,000 to make up for 401K payroll deductions for as long as it lasts and along the way be figuring out how you will keep those 401K contribs going when the $10,000 is gone. Begin a lifetime of saving and investing, retire secure.
2006-12-09 10:56:26 · answer #2 · answered by Mike 5 · 0⤊ 0⤋
Mutual Funds are your best bet. However, if you want to take some risk, buy a diversified Chinese portfolio. Their gnp is increasing by about fifteen percent per year compared with the U.S.'s 2-3 percent increase projection for next year. Do some research first, before you commit ten thousand dollars to something. Good luck.
2006-12-09 13:40:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I would probably put it in 3 mo t-bills currently. Equities world wide have made significant gains. There should be some consolidation especially if the economy slows down. T-bills make a nice parking place.
2006-12-09 15:07:32 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2006-12-09 23:01:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I suggest you to buy a house (If you don't have one)
2006-12-09 15:03:22 · answer #6 · answered by Anonymous · 0⤊ 1⤋