If you had $10000 what would you do?

Question

Would you invest it? And if so, how?

Answer 1

I would by a CD. If this was my first money to invest I would buy ten $1,000 CDs to mature in ten different months. This is known as laddering and the point is that you can buy one year CD's but you are only one month away from having cash if you need it. Since you will only cover the first ten months with the 10,000 take the interest from each one and start anouther CD and eventually you will have one for each month of the year.

Answer 2

First, put $1,000 in a savings account to start an Emergency Fund.

Next, pay off all debt. If you have any money left over, then put three to six months of expenses in savings.

Next, invest 15% of household income into Roth IRAs and pre-tax retirement.

This information comes from financial expert Dave Ramsey. I have followed these steps and it is fantastic!

Answer 3

Pay off any credit card debt, first and foremost. Invest in a Roth IRA(if you qualify, which most people do). Take the remaining amount and put in a Cd that pays about 5% these days. Having the Roth and Cd is a safe balance. Just make sure any credit card debt is erased first.

Answer 4

if you think about it, 1 Million isn't as much money as it use to be.
Think about it roughly 250 grand for taxes.
Then most will want to get a nice home (another 250G's)
Most will want to help out their family and close friends, take a nice trip (another 250G's)
Then you have 250 left to live off of. Nice bump if you weren't making much before, but not rich either.
In answer to your question to 10 grand, I would take at least half and invest.
Take the other half and pay off or down what loans it would cover.
Anything left would be fun money. A nice trip, shopping, however far it got me.

Answer 5

People in their 30's and 40's should have a heck of alot more than that so YES I have that and more... I invest in numreous spots; stocks, real estate, mutual funds, collectibles and my families health.

Life is good !!

Answer 6

We are into online training business (new concept) .. we are rite now looking for business partners in US who can buy and stock training packages and do the selling for our US customers.

So.. if you was i and i was you, ( i mean the you in your question and not u) i would have become a business partner of you :)))))))) hope thats confusing enough :))))

Answer 7

I would pay off my home equity line of credit.

Answer 8

half in my IRA,half on vacation.Gotta keep balance...