What should i do with my 10,000- invest? start a business?

i have saved a little over 10k and now i want to so something with it. what would you suggest. i don't want to blow it. i want to make something out of it.
any suggestions?

First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. Financial disasters like getting layed off or sick happen to all of us.

Second, I would pay off all high interest debt. Pay off everything you can except the house mortgage. Paying off debt is one of the best investments you can make. You will have more money in the future because you won't have credit card bills to pay.

Third, if you have money left, start investing in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be.

Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work.
Taking advice off someone you met over the Internet and know nothing about is risky. Read these websites for further information.

Unless you know alot about starting a business it would be very difficult and time consuming to do so. If your time horizon is over 10 years but a mutual fund or and ETF. Invest in something that follows an index (like the S&P 500) Over time it will go up.

with your 10k go open an roth ira if you dont have one. contribute the maximum with that money every year until you run out and than put what ever you want. think on your retirement.

EZM--> bring you smile in 3 years

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