If you had 5k ONLY for investment, where would you put it?

Question

You have 1 year to make a turn around and 5k available for investment, what would you do?

Answer 1

Well, if you say this is your "play" money, it implies you're willing to risk it a bit more than you would with money you really can't afford to lose.  That being said, the LAST place you want to stick it is in some bank or CD.  You seen what CD rates are getting nowaday's.  Next to nothing, that's what.  So, my advice is go for the gusto.  Now I'm not talking about gambling, but what I am saying, is be willing to risk that 5K if you want a better return.  And really, if you much better leverage for your money, consider options trading(even now I can hear the shrieks of other Yahoo Answer members).  The truth is, it's hard to diversify effectively with only 5K.  But you spend $500-$1000 each on some well picked stock option contracts and you have a chance to realize a MUCH better return than "no risk" investments.  Before you actually do this is real life, consider going to Investopedia.com, and getting a play account(they give you 100K in play money to trade in the market).  Spend some time learning the basics of options, practice for a while, and even though it's still risky, the potential rate of return makes it well worth it if this is again.. your play money.

Answer 2

Equity or Precious Metals.  Mutual funds have never failed me for over 20 years. 10% a year is easy.

Answer 3

I would put it the highest CD or MM I could find. 1 yr is not an investment. In the stock or mutual fund market you would be gambling.

Answer 4

I would put in the bank and make it accessible.   The worst thing you can do is gamble with everything you have saved. Don't gamble your rainy day fund.  Think about it even if you made 6% in a year which is good thats $300.  I wouldn't be willing to gamble or tie up my money for $300 thats $25 a month when you think about it