What should I do with 5000 dollars?

Question

Put it on a CD? Invest it? (and where) Buy something? High yield savings account? I want the fastest guaranteed money I can get. I'd like something that I can count on that is worth it to stow away.

Answer 1

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Answer 2

buy a **** load of cocaine! then sell it for double!!! easy $

Answer 3

d**n dude you dont kno whwat to do with 6000$ 0_) buy a playstation 3 video games fast food for life

Answer 4

Depends how soon you need it.  CD will usually have a better rate than a moneymarket or savings account, but your money will be tied up.  Some banks offer risk-free CDs which allow you to take money out prematurely without penalty, but they are usually promotional and don't offer as good a rate as a regular CD.

ING has pretty decent bank rates if you don't mind banking online.  I prefer a brick-and-mortar bank so I can go in and flirt with the tellers.

Since you said 'guaranteed money,' I'm reluctant to suggest mutual funds if you need the money soon--but if you don't need the money in the foreseeable future, consider opening an IRA, and purchasing mutual funds within it.   $5k growing at an average rate of 12% for 30 years is about $150,000.  (35 years would give you over a quarter million).

Answer 5

Vegas...

put it all on black.

Answer 6

give it to me. If your interested i can send you my contact info

Answer 7

Just put it in term deposit for now. Give yourself time to think while the money grows a bit.

Answer 8

My Dear,

Use the money for the welfare for the people, who are less furtune than you.It's your attitude and not your aptitude that determines your altitude

Thanks

Answer 9

Just put it in a savings account and have some self-control when buying things.

Answer 10

put it in a savings account.