What to do with $10000?

I worked for 3 yrs to get to this much money. What to do with this money? Throw me some good suggestions!

 

whatever you invest on do remember that you make a diverse investment, which helps you to balance your loss in one investment to gain in another investment.

 

Thanks guest! I know nothing about investments, except i earn decent income from few popular websites.

 

If you can be confidant that you will not touch the money for a long time, the stock market is the best investment.

I recommend a no-load spider fund. Picking individual stocks is too tricky.

If you can't guarantee that you won't touch the money for at least 20 years, you will probably want to create a more diversified portfolio.

 

I think you answered you own question, it took you 3 years to make 10k, now that that knowledge and reinvest it and make more websites = more money

 

I would put some money in a good bank account with high interest rate and some in stocks and bonds.

Depends on country your in but some banks pay 4.5 and up to 5% for online account. you can get at the money any time so i would put some it that and rest in investments.

 

I dont think banks are good @ interest rates. As such i never want to bank on frugal interests paid by banks. Isnt investments in stocks/bonds prone to risk of losing money?

And i can invest in my websites, but i never promote my sites yet i make decent money with good traffic. Thinking of something else.

 

Just invest in what you know, if you are getting money from websites then buy websites.

I'd try to buy a big one for like $7000 and then diversify those $3000 in small projects.

 

Invest it in a bank with high interest for a year, then go spend it! I would invest it back int projects so you can earn more $$$$. And then maybe treat yourself to.... a new ipod?

 

This is true. They are low-risk and low-reward.

But, they do have a value for short-term investments.

A 90-day CD can give you time to think of what you are going to do next.

Stocks more so than bonds. But, risk and reward are intimately tied. The larger the risk, the larger the potential reward. The smaller the risk, the smaller the potential reward.

The solution: Take small risks and small rewards for short-term investments and larger risks for larger rewards for longer-term investments. If you can balance the risks out over several decades, you can win BIG.

 

Agree with Will, balancing

no pain no gain

 

buy a good business website,accumulate good traffic, try and make your website atleast page rank 4.sell some text links and banner ads..

 

Use this money as a down payment for a home.

 

1. Put $5000 in fixed deposit
2. Put $2000 in share
3. Put $1000 for buying as many 4-6 letters pronouncable .com domains
4. Spend $2000 as you like since who knows future may be drastically different that what we are thinking of.

 

Buy some solid .com domains and develop. Depending on the domain that could be only one website.

 

I would buy some websites that are going downhill but have the potential to do well . Buy around 5 and develop .

 

Develope more sites

Develop your own business

That's not a huge sum

 

As others have said, it might be wise to just reinvest in your own property(s).

 

reinvest in whatever you were doing before

 

I'm really surprised no one mentioned booze and hookers.

My advice, keep saving. Cash is king.