what would be the best thing to do with 14 thousand dollars finincialy speaking.?
not spending it i mean best way to make more money out of 14 thousands dollars. what would you do?
pay down all your debt first, then open a savings account, then buy some no load mutual funds and hold for the long term
pay down all your debt first, then open a savings account, then buy some no load mutual funds and hold for the long term
References :
For the next year or two… put it in a FDIC insured Certificate of Deposit.
If you want to play a little… put 10K into a CD and invest the remaining 4K in stocks…. Pick any of the big company stocks available for under $10 and see what happens in a year or two.
A little bit of BofA, Citi, Ford, GM…..
and most of it with Wells Fargo and U.S. Bank…
References :
Just put about $14,000 9in a short term cd (6 to 9 months) and put the rest in a saving account and just add to it every month or whenever you get paid. Don’t be concerned about low interest rates on the cd’s or savings. Just get into the habit of putting money away. My wife and I have been doing it for 36 years.
References :
Retired bill collector 35 years