2007-01-05 06:42:44 · 6 answers · asked by sunnyside 1 in Business & Finance ➔ Investing
put it under your mattress
2007-01-05 08:19:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you're already thinking about retirement, buy shares of something like Vanguard Wellington. They'll buy some stock and some bonds with pretty low risk and high returns. If you're younger, put $5,000 in Vanguard's total stock market. Vanguard is by far the cheapest company. With the other $5,000, buy individual stocks. Buy books and read about stocks first, but buy stocks and watch them grow. This has more risk, but if you're smart about it you'll make a lot more money. For stocks, I'd suggest Garmin (they make GPS, now 5% of cars have systems, you'd think that soon all cars will), American Eagle Outfitters or Abercrombie&Fitch (popular stores for rich teenagers), Dreamworks Animation (movie studio that owns the rights to the Shrek franchise, Shrek 3 coming out soon), and Microsoft (so well established and low price because of feared threat of google and such but they will persevere and vista's coming). I own all the stuff i recommend, by the way, but I own them because I think they'll do well.
2007-01-05 07:12:53 · answer #2 · answered by chronic-what-cles of narnia 2 · 0⤊ 0⤋
Depends on how much work you want to do. For $10,000, you could buy and flip a small place, or you could put a downpayment on a rental property and rent it out, or you could buy stocks, which is what I'd do. You could get some diversity by buying a stock mutual fund, or buy a group of perhaps five stocks in different industries for some diversity.
2007-01-05 06:47:52 · answer #3 · answered by Katherine W 7 · 0⤊ 0⤋
The single most critical question you must know the answer to before you can have any idea what to do with 10K is; for how long period of time are you investing it?
2007-01-05 06:48:48 · answer #4 · answered by Ivar 4 · 0⤊ 0⤋
best investment idea for that amout is to open an ING account. and maybe CD for 6-8 months...u will love to see the numbers grow... or also open a rothIRA account..
2007-01-05 06:51:09 · answer #5 · answered by NY has spoken 3 · 0⤊ 0⤋
large caps are good and foreign markets.
low dollar value = invest in foreign markets
high dollar value = invest in domestic markets
low intrest rates = invest in small caps
high intrest rates = invest in large caps
2007-01-05 07:45:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋