5 ways to invest $10,000 now

Having $10,000 to invest demands careful consideration of all the options. Here are several ways to put that money to work.

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Oct 23, 2012 9:47AM
I think it is hilarious when people list "necessary expenses" and say they can't save 10,000 a year as if it is impossible.  If you are not living above your means it is possible because I am doing it.  My mortgage with escrow is 700.00 a month and I pay 1300.00.  Also, 125.00 is not necessary and neither is 100.00 for cell phone..... I spend 45.00 for unlimited text, data and calls with net10 and phone,tv, internet with direct tv/at&t all for 110.00 a month. I raise three children and we are not lacking in the least.  You have to make a decision not to be wasteful, live within your means and find ways to save.  SELF CONTROL PEOPLE! 
Oct 23, 2012 11:38AM



Can you define what your "means" are? People try to live within their means however the scales are being tipped every year against them. there is a reason why the middle class is shrinking and it is the change in economy.


Lets think of it this way. in 2008 gas was $1.85 a gallon. it is now $3.70 a gallon. This is a product that is purchased as a "means" to live.  It went up 100%!  Lets talk about food. This too is a product needed as a "means" to live. It has increased 12-15% since 2008. Now the government says core inflation runs 2-3% a year, right? It is based on washers, dryers, refrigerators and the such. Of course these are products purchased regularly by everyone so sure inflation is only 2-3%. You believe that i bet i can sell you the Brooklyn Bridge!


REAL inflation is far higher then the government tells you. Just sit down and do a budget for yourself and you will be able to follow real inflation. I do!


How about your salary? did it rise 3-4% a year? you think that is keeping up with inflation?


the hidden real inflation leads to less discretionary income spent on dining out, and vacations because families ARE cutting back and trying to live within their means.


It is these reasons the middle class is shrinking.





Oct 23, 2012 9:40AM

Jan, I am glad for you in one way and sad to know you cannot look outside your world and see what is going on. I too am fortunate to be able to save that amount plus a year. I am 57 years old!!! however i CAN look beyond my world and see that today our children have it much harder then we did.

I have two children in their 30s who both have homes and bills to pay. One is raising our grandson. Her husband has a good job and she is a substitute teacher and has worked three days a week since the beginning of the year. My wife watches our grandson when she does work.

They are the typical family struggling to make it. 10+ year old cars, coupon cutting, buying gas thru the giant to save more.

We all need to step outside our fortunate lives and look at those who are not so fortunate or who are making it day to day but not able to save what the elite say we should.

Oct 26, 2012 1:42AM
Stupid article.  "Gross has a history of outperforming his peers."  Yeah, and Alan Greenspan had a history of being the Golden Boy who could do no wrong....until even he, after the financial meltdown, had to admit he didn't know what happened.  There has been no reform at all and no one has been held accountable for causing billions in losses.  

Kraftygirl1974:  what's up with the holier-than-thou attitude?  Sure, everyone can afford to trim expenses here and there (I use a prepaid cellphone instead of paying for a two-year expensive contract,  I refuse to get cable, and I keep driving my 15-year-old car), but it's pretty high-and-mighty of you to assume that everyone can do what you're doing.  If your mortgage is a cheap $700/month, you have three kids, and you claim not to be wanting for anything, then you clearly don't live in a high-priced real-estate market, thereby allowing you to dump an extra $600 towards your principal. It also doesn't sound like you have had your compensation cut by double digits, or worse, you've lost your job.  Cheers for being able to do what you do and jeers for your very short-sighted assumption that anyone who isn't doing what you're doing is jwasteful and lacking in "self-control."
Oct 23, 2012 8:52AM

These articals are so out of touch. Written by the elite and out of touch with the Middle class.


With the average household income at around 60K it IS impossible to save $10,000 a year unless you are living at home rent free. Your take home pay is something close to $50,000. With Monthly bills: Mortgage payment of $2,000.00, cell phone,$100.00, electric, water, sewer, $250.00, Cable $125.00, Food $500.00, Insurance, taxes $500.00. Fuel and transportation costs $500.00 you are putting out $3,975.00 per month. or $47,700.00 per year. There are easily misc costs of $2,300 per year that i am missing.


I wish the people who write these articals would open their eyes to the real middle class!



Oct 29, 2012 6:41PM

This might not be for everyone but here is a idea.... Take the $10,000 and get a good sportsbook, like bovada or bodog or sportsbook or sportbook.com... and then find a  NFL game that is a lock and should be a complete blow out, and then bet the underdog and get the points. and then watch the upset or watch the better team not cover in points and you would DOUBLE OR TRIPLE your deposit.

This may sound nuts, but 9 out 10 times, a sure bet is a sucker bet and u always pick the underdog and start the game with a big point lead, not to mention u can buy a point if your unsure, so the chances are you would win.  THEN you withdrawel and put in a IRA or a vanguard divirsified stock fund and watch your money grow.

The trick is not to invest in a unproven sportbook, only get the ones i mentioned and dont keep betting, if you do just do 50 bucks a game at most, if u keep betting the house always wiins just like the casinos, the longer you play the more of a chance against you, its all MATH.  :)


Oct 23, 2012 7:23AM
If you have 10K - pay off your credit card bills and put some money aside to pay for medical insurance you'll be forced to have even if you can't afford it once Obamacare kicks in. Nothing like living in the only 'civilized' country in the world where medical bills can bankrupt you.
May 8, 2013 11:41PM
Why is everyone being so rude to KraftyGirl? I think she's really smart and a lot of people could learn something from her!

I know what it's like to live from pay cheque to pay cheque and that's not fun but you know what, that was my damn fault!

It's NOT HARD to walk to work, grow vegetables and go without things we don't actually need. ie soft drink and fast food. It's not good for us anyway.

I get paid $100 a week (I'm a student) and saving half of that for in case I need it, and I know I will.
I'm working hard and LIVING WITHIN MY MEANS! It's not quite saving $10,000 a year but I'm doing the very best I can and I think it's very important to have some 'Rainy Day' funds set aside
Oct 23, 2012 11:10AM

I am sorry but knowing how crooked Wall Street is, hel if I am going to invest a fifth of my salary in anything. Why would I give it to people who are already are super wealthy? I mind as well just give a homeless guy the 10k and atleast I know someone of it would be used to help him/her out and not be put towards a new 4.1 million dollar home.


You would think after exposing it on TV people would learn, but they obviously haven't.

Oct 22, 2012 11:27PM
So I see one way to invest and lose your money in the stock market, where are the other 4?
Oct 24, 2012 10:47AM
GOKOU I don't think you need to take 10K out of 401k to help the economy, because it won't help the economy, and if you invest that money in this BAD economy you will eventually need that money. 
Oct 23, 2012 11:35AM

I don't ahve 10k to invest.


I like to be able to take 10k out of my 401K and not be penalize. This is the time in need and can help the economy.


It's not going to the stock market that's for sure.

Oct 23, 2012 11:43AM

Thanks for the helpful tips! Now could you please write one on 5 ways to come up with the 10 grand right now?


'Cause all I've got so far is:

1. Make friendly wager with Mitt Romney...

Oct 24, 2013 7:20AM
Thanks for your post. Really interesting. But I think there are other opportunities like the manufacturing investors funds. They really knows where you have to put your money. 
A couple of friends have invested with this company and they are satisfied. Do you know them?
Aug 25, 2013 11:15AM
Hi, I am looking at investments for UK investors, how to invest and where to invest:  . Is this something you advise on? 
Oct 22, 2012 11:59PM
You lose all your money on the stock market if you are a retard.
Oct 23, 2012 1:27PM
The stock market is a pretend imaginary place kinda like never never land. We are bankrupt thanks to our goverment. We pay trillions to a bank federal reserve thats a scam. Everyones stock sometime in the future will be worth 0. The rich will pull everything out like they have in the past, want dates?, and screw all of us again. Check out who really owns the reserve. Stop believing bs on the tv and the interent. Brainwashing devices. Make sure you also vote for who your favorite celebrity is voting for. My household income is around 98k. I have a mortgage of 560 a month. I have 10k to throw around. Would I invest it, no way in hell.
Oct 22, 2012 10:42PM
Investing on the stock market is throwing money down a rat hole.
Oct 23, 2012 2:23PM
Listen up miss Kraftygirl.... When you are living from pay check to pay check it IS DAMN hard to even save a penny. So get off your stupid ignorant **** and look at what us low income people have to do JUST to survive.  You can take your uppity nose and put it where the sun don't shine. 
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