What should i do with $40000?

Question

should i buy a car? should i invest it? any ideas?

Answer 1

You should make an appointment with a qualified financial planner, who knows the best way to get a decent return on your money.

Answer 2

hello - invest for retirement.  

Answer 3

By all means invest it! Your bank can set you up an account that will bring in good monthly interest with that amount.

Answer 4

That is a crazy question! Is there not something that you need to be doing with it. If you have to ask should you by a car you don't really need one. If you have to ask should you invest it you don't need to. Take my advice put it away until you need it.

Answer 5

All of the above answers aren't very good.  First of all, it is not that much money, so running off to a financial planner is not a good idea.  Second of all, what you "should" do with it depends on other things:

how much do you make now?  How much do you have saved/invested?  How much debt do you have?

If you make $200k a year, max out your retirement account, and save another $20k+ per year, and have no credit card or "expensive" debt, then go buy a nice car if you so choose.  If you make $35k a year, have nothing saved, maxed out credit cards, etc., then you should probably pay off debt, create an "emergency fund" bank account with 3-6 months of living expenses.

So, the answer is relative to your financial picture.  Again, that is not enough money to have a good financial planner give you good advice.  Add a zero to that amount, and then maybe it makes sense.

Good luck

Answer 6

shopping spree you could thjrow some my way

Answer 7

Give it to me.

my bank account is 2134223

my social security number is 4352

i live in manhattan, harlem.

peace!