If you were given $28K, what would you do with it?

If you were just given $28k, you dont have to pay it back, and you wanted to make it grow fast, what would you do? What would be the fastest way to make it grow?

Granted that your 18, someone else is paying for all of your school, including books and supplies, you have a job to pay for gas, leisure idems and insurence, and a paid off car......

InvestUrbanSpartan125

I know to invest, but invest in what? Everywhere has different interest rates and risks.

InvestUrbanSpartan125

wat he said

[QUOTE="UrbanSpartan125"]InvestGTA_dude

I know to invest, but invest in what? Everywhere has different interest rates and risks.

u have to have to take risks to make money $$$

It go into a bank for car and college.

Faster growth usually involves more risk. So while it may grow fast it can also shrink just as fast.

If it is your only nest egg I'd be a bit more careful with it. Toss it in a nice mutual fund for a bit.

I'd wonder why that person didn't just give me another $2000 dollars so that I'd have a nice rounded off number to work with.metallica_fan42

its from a colaboration from different sources, it wasn't suppost to be even. Its acually $28,500.65 to be exact.

The $.65 was made from interest on only 16k sitting in there for about a week

Faster growth usually involves more risk. So while it may grow fast it can also shrink just as fast.

If it is your only nest egg I'd be a bit more careful with it. Toss it in a nice mutual fund for a bit.

duxup

Yah, I dont really want to take much risk for a while. Not untill I have more money to fall back on. The teller at the bank suggested a CD, which costs $5000, and has an interest of 4.5% for every 6 months (Which is $225). I think I could do better though, plus I dont like the thought of not being able to touch my money for 6 months in case of some emergency.

Faster growth usually involves more risk. So while it may grow fast it can also shrink just as fast.

If it is your only nest egg I'd be a bit more careful with it. Toss it in a nice mutual fund for a bit.

duxup

Yah, I dont really want to take much risk for a while. Not untill I have more money to fall back on. The teller at the bank suggested a CD, which costs $5000, and has an interest of 4.5% for every 6 months (Which is $225). I think I could do better though, plus I dont like the thought of not being able to touch my money for 6 months in case of some emergency.

what Saints on a net board for kudos ..FFS

in real world you would be behind me filling your boots with whores an drink ..lol

[QUOTE="duxup"]

Faster growth usually involves more risk. So while it may grow fast it can also shrink just as fast.

If it is your only nest egg I'd be a bit more careful with it. Toss it in a nice mutual fund for a bit.

GTA_dude

Yah, I dont really want to take much risk for a while. Not untill I have more money to fall back on. The teller at the bank suggested a CD, which costs $5000, and has an interest of 4.5% for every 6 months (Which is $225). I think I could do better though, plus I dont like the thought of not being able to touch my money for 6 months in case of some emergency.

You could just ladder the CDs. So you buy one 6 moth CD for $5k one month, another for 5K two months after that month and so on. Then every month or so you have 5k of cash available.

Bonds

Goverment insured and garunteed to grow. Over 7 years (when your money matures)your money could double.

[QUOTE="UrbanSpartan125"]InvestAnthony9000

wat he said

Put it in a bank:|

Beast Canon camera setup..

you could prob use that money to pay off a pretty good hitman to snuff out at least 1 person that you have wanted to get rid of in your life for a while...least thats what I would do with it.

My advice would be to hire a financial consultant to help you invest the money to get the maximum return, but that's me.