Question: What is the best investment for 10000 dollars?

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Answer #1:

A CD is not any more an investment than a savings account is.

If you want to beat inflation you need to take risk. Otherwise you will watch the purchasing power of your money disappear.

Answer #2:

If you invest 8,000$ in the bank before you are 20 years old, and put it into a high interest savings account you will be a millionaire by the time you are retired.

Answer #3:

It is very difficult to determine the best investment ahead of time. For most of us, virtually impossible. I can suggest some investments though that are reasonably good and reasonably safe that pay dividends that are much more than what a CD will pay and hopefully will also possibly offer come capital gain potential too. Now if you are thinking of investing 10k, it is safer to not invest it all in just one investment but to pick maybe 5 different investments. Reduces the risk considerably.

Here are some to consider. PG, CVX, CLX, MCD, BDX, KO, WMT

Answer #4:

Park the ten thousand in a high-return savings account or CD while you study the different investment vehicles. Don't just blindly follow the advice of friends or relatives, let alone those of us who seem not to have anything more interesting or important to do than to answer questions on Y!/A.

Research! Study!

PROSPERITY!

Answer #5:

The CD laddering, Ibonds, or a money market account. But if you are looking for more returns. Then a Roth IRA with a no load low fee mutual fund company like Tiaa-cref. When you take the money out after 59 1/2 it will be tax free. They have been around for over 90 years. You can choose your mutual funds or money market fund.


■Good options for people with an investment window of 5 years or less are bank certificates of deposit, short-term Treasury securities and money-market accounts.
■For a great deal on CDs, shop online at bank rate.com and other financial sites.
■A good strategy with CDs is "laddering" -- buying certificates of different maturity and constantly rolling over the funds.
■Money-market accounts from online banks -- or money-market mutual fund accounts from brokerage houses -- pay significantly more than money-market accounts at traditional banks.
■If you have an investment window of 5 to 10 years, try short-term bond funds or "balanced" funds, which own both stocks and bonds.
■Tax-free municipal bonds generally are a good idea only for investors in the top tax brackets.


I use treasury direct but some of them you need to hold for a period of time or you will get charged fees. You can set it up automatic with your employer to be taken right out of your paycheck. That is what I did with Ibonds.

Ibonds - Hold for 12 months. Federal taxes not paid until bond is sold. $5,000 maximum investment per year. Inflation adjusted 2 times per year
Tips - Sell on the secondary market anytime. You pay federal taxes in the year it occurs. 5 million maximum amount. Inflation adjusted monthly

Both are exempt from state and local taxes.





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