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  1. #1
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    Best way to invest $5,000?

    Graduated from ISU over a year ago and have some money to invest. What is the smartest/wisest way to invest $5,000? All suggestions very welcome. Thanks guys.



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    Re: Best way to invest $5,000?

    On red.



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    Re: Best way to invest $5,000?

    Invest in: ISU athletics attn. South Endzone Renovation.


    When Prepared, Fear No One.

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    Re: Best way to invest $5,000?

    Keep it in a savings account. It's not enough to make a lot of money without putting yourself in a lot of risk. Just my opinion.



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    Re: Best way to invest $5,000?

    Depends on how soon you want to spend it. With the way the economy is right now your guess is as good as anyones.


    The gap in our economy is between what we have and what we think we ought to have--and that is a moral problem, not an economic one. - Paul Heyne

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    Re: Best way to invest $5,000?

    Casey's stock. The Canadians aren't done messing with them yet.



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    Re: Best way to invest $5,000?

    Quote Originally Posted by dmclone View Post
    Keep it in a savings account. It's not enough to make a lot of money without putting yourself in a lot of risk. Just my opinion.
    Shop intrest rates if you do this. Easiest money I make each month is off my intrest.


    The gap in our economy is between what we have and what we think we ought to have--and that is a moral problem, not an economic one. - Paul Heyne

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    Re: Best way to invest $5,000?

    Once the market tanks in the next couple of months then go in and buy.



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    Re: Best way to invest $5,000?

    There really is not one "best way" to invest. You should be looking to invest based on your needs and goals, be it either short term or long term.

    If you have short term goals, you'll definitely want to keep it in a liquid account and in all honesty with $5,000 and a year removed from school probably be best off keeping it in a savings account.

    In the case that you are looking at a long-term plan, I'd recommend doing some research into setting up a Roth IRA and funding the first year with that $5,000 (which as of a year ago was the max you could contribute in a year).



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    Re: Best way to invest $5,000?

    Put it in your checking account and use it while you bank another 5K without paying taxes on it by putting that 5K in an IRA.

    I've gotten about a 20% return on the money I invested in an IRA during my Co-op. All I have to say is yay for dividends.


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    Re: Best way to invest $5,000?

    Probably need to know a little more about you.

    Do you have a job? 401K offered?

    Do you have any debt?

    Do you have an emergency fund in place?

    Any big planned purchases coming in the future?



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    Re: Best way to invest $5,000?

    Make sure you have an emergency fund first (3 to 6 months living expenses).



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    Re: Best way to invest $5,000?

    hookers and blow



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    Re: Best way to invest $5,000?

    I'd be all over paying down my student loans if some money landed in my lap, but maybe that's just me.



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    Re: Best way to invest $5,000?

    There are so many variables that go into that equation. What else do you have saved? What is your risk tolerance? Do you have any big purchases coming up that you would need that money for?

    Bottom line, don't just do what someone tells you is best if they don't ask you any of these questions.



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