I have $6,000 in my savings and want to invest it. Any ideas?

I have $6,000 in my savings and want to invest it. Any ideas?
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1 Answer

Answer :

Have you paid off all your credit card bills and high interest loans? Unless you are a fortune teller (or connected) the market is a risky place. Firearms manufacturers seem to be doing quite well. But your mileage may vary.
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Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

I have $7,000, what should I invest it in?

Description : I have $7,000, what should I invest it in?

Last Answer : Open a Roth IRA. Then continue to fund it.

Will it hurt my chances of being approved for a home loan if I change jobs (even though it'd be a $6,000 raise)?

Description : Will it hurt my chances of being approved for a home loan if I change jobs (even though it'd be a $6,000 raise)?

Last Answer : damn, it really depends on the underwriter. ive never seen and underwriter stip because of it, but the process is almost over now and you could've stated the income just to be safe, but im sure ... prove the income you'll be making maybe with a offer letter from your employer, but ou'll know soon

What is the quickest realistic way to get $6,000?

Description : What is the quickest realistic way to get $6,000?

Last Answer : Take out a loan.

Cole Company has sales revenue of $39,000, cost of goods sold of $24,000 and operating expenses of $9,000 for the year ended December 31. Cole's gross profit is a. $30,000. b. $15,000. c. $6,000.

Description : Cole Company has sales revenue of $39,000, cost of goods sold of $24,000 and operating expenses of $9,000 for the year ended December 31. Cole's gross profit is a. $30,000. b. $15,000. c. $6,000.

Last Answer : b. $15,000.

Did I invest wisely?

Description : Did I invest wisely?

Last Answer : Would your dividends from the investment exceed the interest you willl pay on the loan?

Is it better to invest in your life now or for retirement? What is a proper balance?

Description : Is it better to invest in your life now or for retirement? What is a proper balance?

Last Answer : answer:You don't say how old you are. While a dollar saved at age 25 is three times as valuable as a dollar saved at age 50, your salary is also generally lower at a younger age. 10% ... your returns. And then enjoy your life knowing you are saving for later but not being overly concerned about it.

What do you invest in with one million dollars?

Description : What do you invest in with one million dollars?

Last Answer : A mixture of mutual funds, tax-free bonds and possibly some in money market funds or laddered CDs – although they have very low interest rates at this point.

What are the best ways to invest money?

Description : What are the best ways to invest money?

Last Answer : Whar does “stack paper” signify?

What are the best stocks to invest in right now (for a beginner)?

Description : What are the best stocks to invest in right now (for a beginner)?

Last Answer : None. Get seeds and food.

Would you invest in bitcoin or future online virtual currencies?

Description : Would you invest in bitcoin or future online virtual currencies?

Last Answer : answer:Maybe when it's more commonly accepted (probably not universally , but even credit cards aren't universally accepted) as currency. I've long been in favor of private currency ... universally accomplish via inflation. Silent, and tacitly accepted abetted by people who should know better.

What's the best way to invest $20K ?

Description : What's the best way to invest $20K ?

Last Answer : Have you paid off all your consumer debt—credit cards, car loans, etc.?

Would it be wise to invest in FannieMae or FreddieMac while the stock is down?

Description : Would it be wise to invest in FannieMae or FreddieMac while the stock is down?

Last Answer : Dumb and Dumber until things resolve themselves. A CD or Moneymarket fund is a good place to park cash until the price of oil, job market, employment, etc resolves itself.

What should i invest in?

Description : What should i invest in?

Last Answer : oh, and ~10% will go to charity.

What is the best retirement savings plan to invest in?

Description : What is the best retirement savings plan to invest in?

Last Answer : The best retirement savings plan to invest in depends on your financial needs and what works for you. You should meet with a financial advisor and look at the different options available.

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

What is your household salary tipping point for savings?

Description : What is your household salary tipping point for savings?

Last Answer : My only discretional income is from food. If I don’t order out in a month then it goes to savings. I have no car, house, mortgage, wife or kids.

If Forbes magazine ranked everyone in the planet for income or savings where would you be?

Description : If Forbes magazine ranked everyone in the planet for income or savings where would you be?

Last Answer : Does that take cost of living into account?

If you had just enough money in your savings account to pay off your house, would you?

Description : If you had just enough money in your savings account to pay off your house, would you?

Last Answer : It would depend on the interest rate, @chyna, and other things like they type of loan, how much equity I had in the house, amount of mortgage payment, value of the home…

Where can I find information about managing savings, and spending less?

Description : Where can I find information about managing savings, and spending less?

Last Answer : ps, off to work, I’ll drop in to hand out lurve and responses later tonight

How should I grow my savings?

Description : How should I grow my savings?

Last Answer : Try a credit union. Banks suck.

When they say American's savings are up, what exactly are they counting?

Description : When they say American's savings are up, what exactly are they counting?

Last Answer : Here is a technical but not inaccessible explanation of the econometrics of savings.

What is the difference between a savings and a money market account?

Description : What is the difference between a savings and a money market account?

Last Answer : Vanguard Money Market Funds pay better interest than most savings accounts; plus they offer the convenience of check-writing privileges. Check out vanguard.com for your state; If you are interested in long- ... rates for savings and CDs. Capitalone has a good MM rate if you use their Master Card.

How do you set up a savings account for a child?

Description : How do you set up a savings account for a child?

Last Answer : Any bank officer will help you. Try to find the best interest rates online as well.

I have $10,000 to invest.

Description : I have $10,000 to invest.

Last Answer : AAPL

P, Q and R jointly thought of engaging themselves in a business venture. It was agreed that P would invest Rs. 3250 for 6 months, Q, Rs. 4200 for 5 months and R, Rs. 5,000 for 3 months. P wants to be the working member for which, he was to receive 10% of the profits. The profit earned was Rs. 3700. Calculate the share of Q in the profit. A) Rs. 1800 B) Rs. 1260 C) Rs. 1580 D) Rs. 1940

Description : P, Q and R jointly thought of engaging themselves in a business venture. It was agreed that P would invest Rs. 3250 for 6 months, Q, Rs. 4200 for 5 months and R, Rs. 5,000 for 3 months. P wants to be the ... Calculate the share of Q in the profit. A) Rs. 1800 B) Rs. 1260 C) Rs. 1580 D) Rs. 1940

Last Answer : Answer: B) For managing, P received = 10% of Rs. 3700 = Rs. 370. Balance = Rs. (3700 - 370) = Rs. 3330. Ratio of their investments = (3250 x 6) : (4200 x 5) : (5000 x 3)  = 19500 : 21000 : 15000  = 13 : 14 : 10 Q's share = Rs. 3330x 14 / 37 = Rs. 1260

If a stranger gives you $1,000 with the stipulation that you give half to someone else, who do you give it to and why?

Description : If a stranger gives you $1,000 with the stipulation that you give half to someone else, who do you give it to and why?

Last Answer : I’d either give it to my nephew whose money is tight or a good friend who could use some extra for a vacation.

What would you think or feel if your elderly uncle gave you $15,000?

Description : What would you think or feel if your elderly uncle gave you $15,000?

Last Answer : Grateful.

If the anticipated revenue increase for acquiring a bid is $500,000 and the overhead is $40,000 and the company overhead is $75,000 and the minimum pretax must be 10% on the bid, using the overhead percentage, the bid price is equal to how much?

Description : If the anticipated revenue increase for acquiring a bid is $500,000 and the overhead is $40,000 and the company overhead is $75,000 and the minimum pretax must be 10% on the bid, using the overhead percentage, the bid price is equal to how much?

Last Answer : Construct an equation to perform the cost benefit analysis with revenue on one side and costs on the other side.

Beggars making $30,000 to $100,000 a year in the U.S.,What do you think of this?

Description : Beggars making $30,000 to $100,000 a year in the U.S.,What do you think of this?

Last Answer : Then the government should consider taxing begging gains over a certain limit.

What are common ways of financing for a home in the 300,000 range?

Description : What are common ways of financing for a home in the 300,000 range?

Last Answer : answer:Here's a mortgage calculator. You cannot finance a home if you don't purchase it. When you buy a house, customarily, you put some money in for a down payment. Then you borrow the rest at a ... you can ask your wife this question? Surely you are not as naive as you sometimes claim to be here?

What should I do with $30,000?

Description : What should I do with $30,000?

Last Answer : answer:Are you totally debt free? First pay off any credit card or high interest loans you might have. Start or contribute to an IRA or 529 college fund. Oops! I see that you might not have any credit ... products they enjoy. One son did very well. The other did OK. The money really came in handy.

What would your reaction be if you won $1,000,000 dollars?

Description : What would your reaction be if you won $1,000,000 dollars?

Last Answer : Complete and utter confusion as to how I managed to win without entering.

As a 14-year-old, How do I easily make $1,000 in a month?

Description : As a 14-year-old, How do I easily make $1,000 in a month?

Last Answer : Are you good at anything? computers, building stuff, painting etc?

How can I get money to buy a 30,000 dollar home?

Description : How can I get money to buy a 30,000 dollar home?

Last Answer : I could be wrong, but I think that you need to have an income for a home loan. I’ve never bought a home, but with a car, I know the first thing they ask is how much do you make?

How much house could one afford if they only make $40,000 - 45,000 a year in Houston.

Description : How much house could one afford if they only make $40,000 - 45,000 a year in Houston.

Last Answer : Honestly? Nothing, really. sorry, no pleasure in this answer

I just won $1,000,000!

Description : I just won $1,000,000!

Last Answer : Translate that cash into something of real value in the coming economy: whiskey and guns.

How can I make a quick 100,000 dollars?

Description : How can I make a quick 100,000 dollars?

Last Answer : What do you want $100,000 for?

What would you do for $1,000,000 ?

Description : What would you do for $1,000,000 ?

Last Answer : Why, what do you need done?

Let's say you win $10,000. How much will they take out for taxes?

Description : Let's say you win $10,000. How much will they take out for taxes?

Last Answer : answer:Here’s an article from Bankrate.com that explains it pretty well: http://www.bankrate.com/brm/news/advice/20020520b.asp Florida doesn’t have a state income tax, so that helps. I would consult an actual financial advisor though, it definitely varies by state and amount won.

What would you do if you had $2,000?

Description : What would you do if you had $2,000?

Last Answer : Buy a really great, custom PC

Who is eating beef cube steak at $6.00 a pound?

Description : Who is eating beef cube steak at $6.00 a pound?

Last Answer : I have threatened to sit at the grocery and spy on the cube-steak buyers, I’m that curious/serious.

What's a better deal? the $50 phone from Best Buy with $10 a month warranty or $150 phone from Verizon with $6 a month warranty and $50 deductible?

Description : What's a better deal? the $50 phone from Best Buy with $10 a month warranty or $150 phone from Verizon with $6 a month warranty and $50 deductible?

Last Answer : answer:Well, strictly from a financial perspective, she's going to basically break even on the cost of the phone + warranty over a two year period, whether she gets the phone at Best Buy or ... phone. If your friend was happy with the phone before, she shouldn't stress over the warranty issue.

what- Brandon’s Ink Store is selling black printer ink for $5 a cartridge and color ink for $8 a cartridge. Shelly’s Discount Ink sells the same cartridges for $6 and $7 respectively?

Description : what- Brandon’s Ink Store is selling black printer ink for $5 a cartridge and color ink for $8 a cartridge. Shelly’s Discount Ink sells the same cartridges for $6 and $7 respectively?

Last Answer : On a given weekday, each store sold $1,680 worth of ink. The profits for that day can be modeled by the equations below.5b + 8c = 1,6806b + 7c = 1,680Are the lines parallel? Answer yes or no.

what- Movie Theatre A sells adultmovie tickets for $8 and children’s tickets for $6. Movie Theatre B sells its tickets for the same price. In one night, Movie Theater A sold $704 worth of tickets, and Movie Theatre B sold $700 worth of tickets?

Description : what- Movie Theatre A sells adultmovie tickets for $8 and children’s tickets for $6. Movie Theatre B sells its tickets for the same price. In one night, Movie Theater A sold $704 worth of tickets, and Movie Theatre B sold $700 worth of tickets?

Last Answer : The equations for the number of tickets sold for each theater are shown below.Are the lines parallel? Answer yes or no.8a + 6c = 7048a + 6c = 700

Adding one additional unit of capacity costs a. $4 x Change (difference) in Automation Level b. $6 + ($4 x Current Automation Level). c. $6 x Change (difference) in Automation Level. d. $4 + ($6 x Current Automation Level). e. none of these.

Description : Adding one additional unit of capacity costs a. $4 x Change (difference) in Automation Level b. $6 + ($4 x Current Automation Level). c. $6 x Change (difference) in Automation Level. d. $4 + ($6 x Current Automation Level). e. none of these.

Last Answer : b. $6 + ($4 x Current Automation Level).

A new unit of capacity costs $6 for the floor space plus $4 times a. hourly wage. b. automation rating. c. unit cost. d. MTBF. e. $0.65.

Description : A new unit of capacity costs $6 for the floor space plus $4 times a. hourly wage. b. automation rating. c. unit cost. d. MTBF. e. $0.65.

Last Answer : b. automation rating.

If the price/product is $10 and the material cost/product is $2 and the labor cost/product is $3, what is the gross margin/product? a. $6 b. $2 c. $4 d. $3 e. none of the above

Description : If the price/product is $10 and the material cost/product is $2 and the labor cost/product is $3, what is the gross margin/product? a. $6 b. $2 c. $4 d. $3 e. none of the above

Last Answer : e. none of the above

.As a manager you need to change the automation level of your segment from 2 to 5. The line has a capacity of $2 million. How much would it cost? a. $12 million b. $24 million c. $10 million d. $6 million e. none of the above

Description : .As a manager you need to change the automation level of your segment from 2 to 5. The line has a capacity of $2 million. How much would it cost? a. $12 million b. $24 million c. $10 million d. $6 million e. none of the above

Last Answer : b. $24 million

What is the right formula for capacity investment? a. Investment = Capacity x ($4 x Automation) b. Investment = Capacity x [$10 + ($4 x Automation)] c. Investment = Capacity x [$4 + ($6 x Automation)] d. Investment = Capacity x [$6 + ($4 x Automation)] e. Investment = Capacity x Automation

Description : What is the right formula for capacity investment? a. Investment = Capacity x ($4 x Automation) b. Investment = Capacity x [$10 + ($4 x Automation)] c. Investment = Capacity x [$4 + ($6 x Automation)] d. Investment = Capacity x [$6 + ($4 x Automation)] e. Investment = Capacity x Automation

Last Answer : d. Investment = Capacity x [$6 + ($4 x Automation)]