 What to do with $20k, What is the smartest thing to do... |
 Jan 1, 2006 - 3:57 PM
|
 
|
|
Enthusiast  Joined Mar 3, '05 From Hollywood, FL Currently Offline Reputation: 0 (0%)  |
Well, I got a nice little end of the year bonus and Im trying to figure out what to do with it. Im 19 years old living with my dad. I hardly have any bills ($170 for insurance, $35 for my cell phones (not each phone)) I would love to get a nice supra or something, but Im thinking thats not really reasonable, because in cars, you only loose money. Im just trying to figure out what to do with the money.
-------------------- To live, is to suffer
To survive, thats to find meaning, in the suffering....  |
 |
Replies
|
Jan 1, 2006 - 4:07 PM
|
|
 Enthusiast Joined Nov 13, '02 From So Cal Currently Offline Reputation: 3 (100%) |
put it in an ingdirect savings account with 3.8% annual percentage yield. it pays ur interest monthly and with $20k in it, ull earn $2/day. plus u can benefit from withdrawing or depositing at any time.
you could also open up certificate of deposits aka CD's with higher apy, ive seen some as high at 6% but CD's lock ur money in for a predetermined amount of time for enabling you such a high apy. you could take it out early but its not good before it matures. don't do stocks......just because a company is doing well has nothing to do with their stock. the company can divide its yearly earnings without paying it out to their stock payers. stocks is gambling This post has been edited by forkee: Jan 2, 2006 - 1:54 AM --------------------  |
Posts in this topic
bloodrain What to do with $20k Jan 1, 2006 - 3:57 PM
FSX_Celica94GT that is a HUUUUUGE BONUS, i'd put about 2 or 3... Jan 1, 2006 - 6:40 PM Scott Congrats on the bonus! Invest about half in re... Jan 1, 2006 - 7:52 PM lagos ill give you a little tip. number one, DO NOT TEL... Jan 1, 2006 - 8:04 PM
bloodrain QUOTE(lagos @ Jan 1, 2006 - 8:04 PM)... Jan 1, 2006 - 10:55 PM lagos oh and dont use it to buy a car. i alwasy tell pe... Jan 1, 2006 - 8:08 PM JFrost9 I would invest 1/3rd of it, spend another 1/3rd wi... Jan 1, 2006 - 8:10 PM Akimbo The smartest thing to do with 20k is not spend it. Jan 1, 2006 - 10:00 PM 97lestyousay I was looking for put a down payment on a house.
J... Jan 1, 2006 - 10:02 PM Akimbo what about that evo or whatever... Jan 1, 2006 - 10:56 PM bloodrain QUOTE(Akimbo @ Jan 1, 2006 - 10:56 P... Jan 1, 2006 - 11:01 PM Cutrara Buy 200,000 packages of Ramen Noodles. Jan 1, 2006 - 11:10 PM dustin15brown take a loan out for more.... invest in reality....... Jan 1, 2006 - 11:12 PM creis enter into a pyramid sceme, here you can start by ... Jan 1, 2006 - 11:23 PM Drocay okay, dude i'm a financial adviser
1. Don... Jan 1, 2006 - 11:30 PM Hanyo take it to a casino and double your savings and th... Jan 2, 2006 - 1:02 AM 97sccelica invest in commercial real estate
~2-3 years and i... Jan 2, 2006 - 2:34 PM bloodrain QUOTE(97sccelica @ Jan 2, 2006 - 3:3... Jan 2, 2006 - 4:35 PM Cutrara QUOTE(bloodrain @ Jan 2, 2006 - 4:35... Jan 2, 2006 - 5:03 PM x_itchy_b_x the BEST thing for me imo. is to mail it all to me... Jan 2, 2006 - 5:42 PM bloodrain QUOTE(x_itchy_b_x @ Jan 2, 2006 - 5... Jan 2, 2006 - 8:37 PM |
3 User(s) are reading this topic (3 Guests and 0 Anonymous Users)
0 Members:
| Lo-Fi Version | Time is now: February 25th, 2025 - 10:01 AM |