x
Almost there! Please complete this form and click the button below to gain instant access.
EliteFitness.com FREE Email Series: How You Can Use Winstrol, Masteron, HGH, and Testosterone for a Perfect, Muscular Physique!
- -
We hate SPAM and promise to keep your email address safe.
- -
puritysourcelabsdomestic-supply
napsgeargenezapharmateuticals

If you had $10K to invest, how would you invest it?


Welcome to the EliteFitness.com Bodybuilding Site! Please join this discussion about If you had $10K to invest, how would you invest it? within the Chat & Conversation category.

Excerpt: Ok, heres the deal. My fiance just got an insurance settlement and is investing $10 grand. Neither of us have ever had the chance to invest before and are unsure of how to go about it. Her Dad introduced her to a stock broker who is wanting to invest it in mutual stocks, I had to work during there appointment but I looked over the paperwork and it wasn't very detailed as to where he would put the money. It had a questionaire that asked very general questions basically trying to find out whether

Read more or register here to join the discussion below...

Results 1 to 9 of 9
  1. #1
    Good Bro
    Join Date
    May 2004
    Location
    Down the way!! Nasty Natti, OH.
    Posts
    50
    Rep Power
    0

    If you had $10K to invest, how would you invest it?

    Ok, heres the deal. My fiance just got an insurance settlement and is investing $10 grand. Neither of us have ever had the chance to invest before and are unsure of how to go about it. Her Dad introduced her to a stock broker who is wanting to invest it in mutual stocks, I had to work during there appointment but I looked over the paperwork and it wasn't very detailed as to where he would put the money. It had a questionaire that asked very general questions basically trying to find out whether you wanted to take big chances and lose or gain large sums or take low risk chances and lose or gain smaller amounts. She is hoping to invest it and have a really nice return after say 10 years when we are near our mid thirties. I was hoping to get a little advice and thought this board would be an excellent place to start. Like I said she wants to invest it in something that is fairly "safe" since this is a lot of money to us, but would also like to make a nice profit later on. I would greatly appreciate any advice anyone may have or if anyone could point us in other places on the web to research.

  2. #2
    Da Pope Razorguns's Avatar
    Join Date
    Feb 2004
    Location
    Hollywood, Ca 90666
    Posts
    23,414
    Rep Power
    0

    Re: If you had $10K to invest, how would you invest it?

    I *assume* you already bought and own a house right?

  3. #3
    Pro Bodybuilder Fajitas's Avatar
    Join Date
    May 2004
    Location
    SATX
    Posts
    651
    Rep Power
    78

    Re: If you had $10K to invest, how would you invest it?

    Can you afford to lose the 10k? If not then look at real estate....

  4. #4
    Freak Synpax's Avatar
    Join Date
    Aug 2003
    Location
    Gangtok, Sikkim
    Posts
    3,394
    Rep Power
    82

    Re: If you had $10K to invest, how would you invest it?

    First, pay off your other debt that is at high rates (namely credit cards).

    I'm going to disagree with Matt and say if you are going to invest, consider a riskier profile. The risk profile changes from higher to lower as you age. Odds are at the end of the ten years you will be ahead, and well ahead, despite any temporary downturns.

    As a couple nears retirement, they don't really have time to wait out the downturns if it happens to be a downturn when they retire. As a younger couple, you can afford to wait out down turns in exchage for a higher return.

    You can also diversify between low and high risk.

    A trick I learned when I was getting my finance degree was to make use of risk-free assets to be able to balance much riskier assets than you would be able to assume otherwise. For example, put half in US savings bonds and put the other half in a Vanguard international growth fund.

    Thirdly, don't waste your time with the broker. He is a needless middle man who suffers from the agency problem (his interests are not fully in line with yours). Do your homework and buy the mutual fund without a broker.

  5. #5
    Da Pope bran987's Avatar
    Join Date
    Jan 2004
    Location
    I'm TRYING to DO something
    Posts
    22,162
    Rep Power
    570

    Re: If you had $10K to invest, how would you invest it?

    You can buy a house, although you need to check your budget first as owning a house is significantly more costly than renting. you can't just take your mortgage payment and think that's what it costs either. a lot of articles written about how to tell whether you should buy or rent. find some.

    If you are going to be a stocks/bonds kinda guy, the general rule of thumb is

    take your age, subtract from 100. gives you a stock/bond risk profile

    if you are 25,

    100-25 = 75% stocks

    so you should have 25% bonds

    something like that would be pretty simple for you right now.

    I also would not pay a stock broker. not these days.

  6. #6
    MODERATOR wootoom's Avatar
    Join Date
    Nov 2003
    Posts
    88,876
    Rep Power
    44197

    Re: If you had $10K to invest, how would you invest it?

    i got into some realy nice stock for 25k.

  7. #7
    Da Pope bran987's Avatar
    Join Date
    Jan 2004
    Location
    I'm TRYING to DO something
    Posts
    22,162
    Rep Power
    570

    Re: If you had $10K to invest, how would you invest it?

    Quote Quote posted by wootoom
    i got into some realy nice stock for 25k.
    what the hell does that mean???

  8. #8
    MODERATOR wootoom's Avatar
    Join Date
    Nov 2003
    Posts
    88,876
    Rep Power
    44197

    Re: If you had $10K to invest, how would you invest it?

    oh sorry i invested money into some shares that are pretty good.

  9. #9
    Da Pope bran987's Avatar
    Join Date
    Jan 2004
    Location
    I'm TRYING to DO something
    Posts
    22,162
    Rep Power
    570

    Re: If you had $10K to invest, how would you invest it?

    pimp did this help you at all?

Similar Threads

  1. got money to invest?
    By JustJacked in forum Chat & Conversation
    Replies: 48
    Last Post: 05-Feb-2005, 03:02 AM
  2. How would you invest 150,000 dollars?
    By bdog527 in forum Chat & Conversation
    Replies: 44
    Last Post: 09-Sep-2004, 09:46 PM
  3. WHy to invest in power inc.
    By tiger88 in forum Chat & Conversation
    Replies: 4
    Last Post: 10-Dec-2003, 02:22 PM
  4. How would you invest $50,000.
    By KINGKONG69 in forum Chat & Conversation
    Replies: 53
    Last Post: 02-May-2003, 07:02 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •