Best place for $10K

skitzo444 · #1 07-02-2007, 03:37 PM

I am in college and have 10K to invest.

Right now it is sitting in an ING savings account earning 4.5 APY. That's ~$400 a year.

I know I can do much better but I have tried stocks and I always seem to break even over 6 month periods.

What is a good place for 10K for someone with no dependents and would like to take moderate risk

mtgordon · #2 07-02-2007, 03:46 PM

index funds

fundadvice.com

jesse8888 · #3 07-02-2007, 07:13 PM

Index funds with low expense ratios are the way to go. Find a calculator online to suggest your asset mix based on your goals/risk tolerance and go from there.

Off the top of my head, I'd put 4K into an S&P 500 fund, 2K into a Russell 2000 Index fund, 2K in some international index, and leave 2K in the money market account.

FastPlaySlow · #4 07-02-2007, 11:59 PM

Vending machine business.

riverdance · #5 07-03-2007, 12:15 AM

wsopme

DLKeeper1 · #6 07-03-2007, 02:22 AM

vanguard?

underthegun662 · #7 07-03-2007, 03:48 AM

rimm
mtox
drys
ice
pot
spwr
twin
btj

always keep tight stops
pm me for more

kimchi · #8 07-03-2007, 04:58 AM

[ QUOTE ]
rimm
mtox
drys
ice
pot
spwr
twin
btj

always keep tight stops
pm me for more

[/ QUOTE ]

Is he supposed to pm you for the remaining 99% of this strategy too?

underthegun662 · #9 07-03-2007, 05:41 AM

buy

gull · #10 07-04-2007, 03:09 PM

As others have noted, index funds are likely your best bet. They are low-cost, passive, diversified investments that have historically and theoretically high returns.