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bow8810 asked in Business & FinanceInvesting · 1 decade ago

what would you do with$ 5000. dollars?

would you put it in the stock market or buy some thing

6 Answers

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  • 1 decade ago
    Favorite Answer

    I will answer this question based on these facts:

    1. I am up to date on all of my current expenses.

    2. I have a sufficient amount saved for an emergency fund.

    3. I am contributing to my company's 401(k) plan.

    If those things are in order, I would fully fund my 2009 Roth IRA. I would set up a watch list of dividend paying stocks. I would include stocks whose prices have fallen significantly. I would attempt to accumulate at least 12 dividend paying stocks and purchase no less than 5,000 shares each.

    Thanks to the economy, we have been invited to the world's largest shopping spree! Like buying groceries, prepare your shopping list before you go to the store. Know what bargains you're looking for and a good clearance price when you see it.

  • Anonymous
    1 decade ago

    If you have no urgent need for $5,000.00 dollars, how would you like to see that money double by doing nothing, legally? Well you can by investing that money into the stock market. I am sure you have heard that the stock market has been doing bad for sometime know. Stocks are at their lows. You can buy shares for half the price and sell them for over double within the next few years. I am doing this myself. Pretty much all stocks are down with an exception of a few. Do your research. Use Yahoo Finance as a tool to make the safest possible investment. Invest in companies that: are not in too much debt, that have been around for sometime, that are still making a profit, and will be able to weather the recession. Do not invest ALL of your money in one company. Invest in a few different companies for a descent return and investment security. I have investing in Apple (AAPL) which is around $80.00 right now. At one point last year, the same company stock was about $202+, which is over double. You might have to wait a few years, but you will most probably come out with a strong return on your investment, as much as 50%, more than any bank will offer you. Another company would be google (goog). Google is about $300 a share, although at one point last year was about $700.00, again over double. The stock market is going to have to rebound eventually. This is a great chance to buy stocks while they are low. Just know that stocks may go down a bit more when you invest but do not panic. You have to wait at least a few years, so make sure you won't need the money anytime soon. If you are someone who does not want to take risk, do your research and put your money in a CD, at a bank that offers the highest interest possible. If you choose to invest in the stock market, invest in companies that are financially stable. Do not invest in banks such as Wells Fargo, Citi, Bank of America, etc, as they could make you lose money. Yahoo Finance is a great tool to use in your research. To open an account for stock trades, visit etrade.com or tdameritrade.com, thats what I use. I hope this helps.

    Source(s): I am an experienced investor, economist, and financial adviser at Bank of America and before Lehman.
  • ?
    Lv 4
    5 years ago

    in case you're approximately 5 to twenty feet from the money check in if there are different purchasers. you will possibly prefer to be close adequate to have others witness the scene without conserving everybody up or they might break it with a snide remark, yet you don’t prefer to be to a ways wherein no person is familiar with. If no person is interior the line you may do the cabbage patch till somebody gets close to whilst returning the scratch off and then face them particularly as you turn to the butter churn while you get your money. in any different case ... yeah its somewhat cheesy.

  • 1 decade ago

    Get a big HD screen T.V and put the rest in the bank

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  • ?
    Lv 4
    5 years ago

    Why are all the answers so short these days?

  • Anonymous
    5 years ago

    Do not think so

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