This article is a little bit informal compared with my previous posted articles.
Well to begin the story with, I'm starting to answer some questions from Yahoo! Answers and came across with the question of Username 525 B. The query is actually simple:
"What to do with $10,000 cash ?
I have $10,000 cash ready to use it to make some profit back. Either buying stuff to resell or maybe play some stocks.. I'm not sure. Any suggestions ? This $10,000 is ready to take risks. Please list some ideas and what will you do if you was in my position.
Thanks"
To be transparent, here are the answers of others:
From dean_dann: "you can donate the money to me... lol.."
From Black Sonic: "enjoy yourself wit it buy some new koo stuff"
From Fx Funds: "Invest in FX Funds Group if you would like to make 2 - 15% per month. Search for myfxfunds in google search engine for more information."
From Space Invader 101:"You'll probably break even doing the Ebay thing. I'd go for stocks. Maybe invest in some investment books and buy some software to give you more of an advantage."
FROM ME (Site Hunter):
"Hi there,
Like to inform you that if this $10,000 is your hard earned money, and I have it in your position, I cannot afford to take great risks. If I really want my money to grow or invest upon, I would rather see it growing rather than slipping out of my hands either slowly or in an instant just because I am ready to take the risk. Hope this will not offend you.
So, what will I do with it?
If I were you, I will spread my money into 2 portfolios. I will open a savings account and deposit them all for the mean time. Then I will contact some of the reputable MUTUAL FUNDS in my country and Open a balanced fund at the very minimum amount let say, $,2000. Then month after month, I will deposit another round of $2,000. making my savings account into the minimum amount required by the bank so that I will not be closed.
If I will be earning another $10,000 in the next few months, I will add it up to my Mutual Fund while opening a time deposit account to a reputable bank.
Opening a time deposit and a mutual fund is a way of minimizing my risk of losing the money that I have plus the concept of savings first before expenses. I did not say that there is no risk by doing but rather I minimize the risk by spreading my money into different portfolios.
Third option that I will do is, I will buy a commercial paper (could not think of the right term as of now) from the government like t-bills or t-bonds. This way I am assure of the returns though it is not quite high compared with the potential of receiving high returns from mutual funds in the long run.
By the way I will be publishing some articles about Personal Finance tips soon in my blogsite: http://freebrightideas.blogspot.com
Hope you can find some time to visit it and will assure you of some other specific tips.
Hope this would help.
Warm regards,
Just an info: http://freebrightideas.blogspot.com is blog created by me and not a spam. Thanks! Source(s): www.colaycofoundation.com
www.mutualfund.com.ph "
I think I will be sharing some Personal Finance Tips in my future articles. Please subscribe to this blog so you can keep track of it.
Well to begin the story with, I'm starting to answer some questions from Yahoo! Answers and came across with the question of Username 525 B. The query is actually simple:
"What to do with $10,000 cash ?
I have $10,000 cash ready to use it to make some profit back. Either buying stuff to resell or maybe play some stocks.. I'm not sure. Any suggestions ? This $10,000 is ready to take risks. Please list some ideas and what will you do if you was in my position.
Thanks"
To be transparent, here are the answers of others:
From dean_dann: "you can donate the money to me... lol.."
From Black Sonic: "enjoy yourself wit it buy some new koo stuff"
From Fx Funds: "Invest in FX Funds Group if you would like to make 2 - 15% per month. Search for myfxfunds in google search engine for more information."
From Space Invader 101:"You'll probably break even doing the Ebay thing. I'd go for stocks. Maybe invest in some investment books and buy some software to give you more of an advantage."
FROM ME (Site Hunter):
"Hi there,
Like to inform you that if this $10,000 is your hard earned money, and I have it in your position, I cannot afford to take great risks. If I really want my money to grow or invest upon, I would rather see it growing rather than slipping out of my hands either slowly or in an instant just because I am ready to take the risk. Hope this will not offend you.
So, what will I do with it?
If I were you, I will spread my money into 2 portfolios. I will open a savings account and deposit them all for the mean time. Then I will contact some of the reputable MUTUAL FUNDS in my country and Open a balanced fund at the very minimum amount let say, $,2000. Then month after month, I will deposit another round of $2,000. making my savings account into the minimum amount required by the bank so that I will not be closed.
If I will be earning another $10,000 in the next few months, I will add it up to my Mutual Fund while opening a time deposit account to a reputable bank.
Opening a time deposit and a mutual fund is a way of minimizing my risk of losing the money that I have plus the concept of savings first before expenses. I did not say that there is no risk by doing but rather I minimize the risk by spreading my money into different portfolios.
Third option that I will do is, I will buy a commercial paper (could not think of the right term as of now) from the government like t-bills or t-bonds. This way I am assure of the returns though it is not quite high compared with the potential of receiving high returns from mutual funds in the long run.
By the way I will be publishing some articles about Personal Finance tips soon in my blogsite: http://freebrightideas.blogspot.com
Hope you can find some time to visit it and will assure you of some other specific tips.
Hope this would help.
Warm regards,
Just an info: http://freebrightideas.blogspot.com is blog created by me and not a spam. Thanks! Source(s): www.colaycofoundation.com
www.mutualfund.com.ph "
I think I will be sharing some Personal Finance Tips in my future articles. Please subscribe to this blog so you can keep track of it.
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