I have no idea about investing money. I would like to invest around 10K.?

How should I do this? What should I invest in? I dont want to just put it in my checking account and would like some ideas. Thanks

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. (Some people say 6 months.) 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 and student loans. 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. (Depending on the rates, you may want to pay off the mortgage and student loans as well.)

Third, 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 mutual fund via a 401K plan at work.

Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.

http://www.vanguard.com/VGApp/hnw/planni...
http://finance.yahoo.com/funds
http://www.dallasnews.com/sharedcontent/...
http://www.fool.com/school.htm
http://sec.gov/investor/pubs/assetalloca...
https://flagship.vanguard.com/VGApp/hnw/...

I am getting into real estate and need an investor to invest money so that I can go to tax sale auctions and purchase property. I do plan on doubling your investment in less than 5 years. If you are interested, please email me at mikervin@yahoo.com 423-623-1480

Thanks,

Michael Ervin Report It

let me help you , i have a solid plan that i know will work. contact me thru email

1st. Beware of ANYONE that has a guaranteed success plan. If it were so guaranteed, why are they so hot to get YOUR money?

For $10k, your best place is a CD. They are earning 4-5% which beats inflation. If you wanted to 'gamble' on the stock market, I'd suggest looking into index funds as they are a grouping of many funds (so the risk is spread out). Remember though, any money you put into the 'market' you are willing to lose. There are ZERO guarantees on return with stock or mutual funds.

Another option might be to talk to a broker. They shouldn't charge for a consultation (cause they want your money too).

good luck

cds do NOT beat inflation after taxes unlike what is said above. 4% less 25% taxes is 3% which is less than true inflation by a good margin. No plans work either - do not contact. @ schwab.com could get 4 index mutual funds that cover a braod spectrum: SWINX SWEGX SWHGX JAOSX FMDCX No load or fee up front. Good to get started. feel free to contact via answers

Top 3 safe/secure investments:

1. Savings account, secured by FDIC, returns around 5%
2. Tax liens, secured by real estate bonds, returns around 18%
3. Savings bonds, secured by U.S. govt, returns around 3%

I invest in all, but I like #2. You can do it online too quite easily. I'll recommend a book below on how to start this, it's what I read to get started.

My first advice is do not invest in anything you do not fully understand. Stay away from tax liens if you are not an experienced real estate lender and investor. Talk to a financial adviser you trust.

I would open a high yield savings account. ING direct offers one and it is linked to your checking account so you can transfer from one to the other as needed. They are currently offering 4.50% APY and have no risk. I like it better then CD's because you have access to your money with no penalties.

If you are not in a big hurry to immediately plug your money into something and you can afford to wait a couple of weeks I may have a very good idea for you.

Over the next two weeks I will personally work with you to teach you a very interesting strategy that will consistently generate MONTHLY returns greater than what any bank would pay you in a YEAR.

I can teach you this system for free and you can decide for yourself if it is an appropriate opportunity for some of your investment dollars. No cost, no risk, no obligation......just some free education.

http://www.15daytrial.com