Best way to invest $5,000?
- Thread starter FiveStarCulture
- Start date
Opening a tax-sheltered HAB account was the best thing I ever did. They're incredibly cheap to set up - a basic box-spring mattress will serve as the perfect place to keep your funds. It also doubles as a place to take your hookers.
Life insurance can be a great investment, and I'm not talking about Term Life. A lot of people just need to be able to look at the vehicle differently than it is most commonly viewed. There are products out there (Cash Value Guaranteed Death Benefit, index products, etc.) that really should be explored, especially for those just graduating from college. There is a great likelyhood Social Security will not be there for you, so it's probably a good idea to look at investments you can use for retirement. There are some pretty sweet life insurance products out there.
Just so you know...it may sound like it, but I AM NOT A LIFE INSURANCE AGENT. Just know the industry has created quite a lot of new and interesting products in recent years.
Just so you know...it may sound like it, but I AM NOT A LIFE INSURANCE AGENT. Just know the industry has created quite a lot of new and interesting products in recent years.
Do a dividend reinvestment program in a High Yield Bond ETF through Ameritrade or Etrade.
8% yield at historically low rates. (just have to be open to a little interest rate volatility over the next 2 years)
$5,000 yields $33.33 a month back into the principal, and on and on and on.....
8% yield at historically low rates. (just have to be open to a little interest rate volatility over the next 2 years)
$5,000 yields $33.33 a month back into the principal, and on and on and on.....
As someone who has worked for John Hancock and dealt with many other insurance companies, this is by far, the worst advice you can get.
"Hello, friend!
I am a Nigerian prince and I have a no risk offer of thousands of dollars for you if you are willing to help me out..."
