Best way to invest $5,000?

azepp

Well-Known Member
Dec 9, 2009
3,964
140
63
Ankeny
hookers and blow
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.
 

enisthemenace

Well-Known Member
Dec 5, 2009
13,971
10,176
113
Runnells, IA
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.
 

delt4cy

Well-Known Member
May 11, 2006
1,181
253
83
Atlanta, GA
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.....
 

jsmith86

Well-Known Member
Dec 5, 2006
7,629
250
63
Cedar Rapids
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.

Car insurance agent?
 

CYphyllis

Well-Known Member
Jun 22, 2010
5,540
5,249
113
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.

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.
 

VeloClone

Well-Known Member
Jan 19, 2010
48,572
39,412
113
Brooklyn Park, MN
Graduated from ISU over a year ago and have some money to invest. What is the smartest/wisest way to invest $5,000? All suggestions very welcome. Thanks guys.

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