#1
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I made 10k today - what should I do with it?
Through an excellent circumstance at work, I was able to quit my job and collect a nice severance package. I have another job already lined up, so the severance package is just gravy, and not something I need to live off of as I search for a new job.
So, after I pay off some debt, I will probably have about 10k to invest somewhere. My bank has a 7 month CD which is at 4.6% APY, and a 15 month CD at 5% APY. I have a wife and toddler, so I can't do anything too high risk. Are the CDs an ok option? Any advice? |
#2
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Re: I made 10k today - what should I do with it?
Invest 5K in a CD and with the remaining 5K, take the family to Vegas and enter one of the 2K buy in tourneys. [img]/images/graemlins/smile.gif[/img]
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#3
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Re: I made 10k today - what should I do with it?
If you wanna hang out
You've gotta take her out Cocaine If you wanna get down Get down on the ground Cocaine She's alright, She's alright, She's alright, COCAINE If you got that lose You wanna kick them blues Cocaine When your day is done And you wanna ride on Cocaine She's alright, She's alright, She's alright, COCAINE If your day is gone And you wanna ride on Cocaine Don't forget this fact You can't get it back Cocaine She's alright, She's alright, She's alright, COCAINE She's alright, She's alright, She's alright, COCAINE |
#4
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Re: I made 10k today - what should I do with it?
[ QUOTE ]
I have a wife and toddler, so I can't do anything too high risk. [/ QUOTE ] a pair of diamond earings and a check to the college fund are safe +EV |
#5
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Re: I made 10k today - what should I do with it?
Why would you put any money in a CD @ 4.65% when online savings are yielding 4.75%?
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#6
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Re: I made 10k today - what should I do with it?
pay 1/2 to taxes and put the rest in a college fund.
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#7
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Re: I made 10k today - what should I do with it?
This is an incredible opportunity to turn your good fortune into a windfall...invest in Party BlackJack...if you loose a few hands...just keep doubling up until you back even...you are rolled to turn a HUGE profit to last a lifetime!
Grats! S0meGuy Note: the above post does not necessarily reflect the views or opinions of the author. Similarities to actual people and events is purely circumstantial. |
#8
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Re: I made 10k today - what should I do with it?
[ QUOTE ]
Through an excellent circumstance at work, I was able to quit my job and collect a nice severance package. I have another job already lined up, so the severance package is just gravy, and not something I need to live off of as I search for a new job. So, after I pay off some debt, I will probably have about 10k to invest somewhere. My bank has a 7 month CD which is at 4.6% APY, and a 15 month CD at 5% APY. I have a wife and toddler, so I can't do anything too high risk. Are the CDs an ok option? Any advice? [/ QUOTE ] The real serious answer? $4000 into Roth. When you start new job, up your 401k contribution to the max. Live off of the 6000 to make up for the increased 401k contribution. When the 6k is gone, lower your 401k back to normal. This is assuming you have a good bit of money set aside for emergencies in an internet savings account earning 4.25-4.75%. |
#9
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Re: I made 10k today - what should I do with it?
Put it all in BEARX and hope the economy falls apart.
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