(Closed) If you had 5k to invest, what would you do?

posted 6 years ago in Money
Post # 2
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2347 posts
Buzzing bee

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xstitchbride425:  If I hadn’t fully funded my IRA I would do that just to get it out of the way for the year. If I already had my IRA funded for the year I’d just dump it in my vanguard index fund. 

Post # 4
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7547 posts
Bumble Beekeeper
  • Wedding: October 2014

Either an index fund or a high yield municipal bonds fund. Depends on the fees, etc.

Post # 5
Member
10635 posts
Sugar Beekeeper
  • Wedding: January 2011

I would throw it into my TFSA into low MER mutual funds.  Probably split it amoungst some of the ones I already have.

Post # 6
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2239 posts
Buzzing bee
  • Wedding: June 2015

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xstitchbride425:  Graphene. It’s some carbon compound (or something?) that is apparently going to transform battery technology, according to Fiance. Even in the last couple of years, graphene stocks have skyrocketed, and Fiance has been saying the whole time that it’s the thing to invest in right now (as it’s only going to be more useful as technology advances). I don’t know a ton about it, but that’s what Fiance tells me all the time he would invest in if he had the money (we’re both in grad school right now, so no investments for a bit).

Post # 8
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7547 posts
Bumble Beekeeper
  • Wedding: October 2014

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annb9:  really bad idea to invest in something you can’t explain or into a company whose business plan you’re not familiar with. 

Post # 9
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1210 posts
Bumble bee

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xstitchbride425:  It depends on where you are with your other investments. I would max out my contributions to tax-sheltered accounts, like and IRA or 401(k) first. Did you contribute the max to those accounts last year? You have until April to contribute $5500 for your IRA in 2014. Max 401(k) contributions for 2015 will be 18,000, so you could get a head start on that.

If you maxed out those types of accounts, it really depends on when you want the money. If its for retirement savings that is totally different than if you need it for a new car in 5 years. Retirement accts – I would work on fully diversifying your overall portfolio and see if you need to rebalance anywhere. Shorter term, you could do no-load (no fee) bonds. Just my opinions though.

Post # 10
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2239 posts
Buzzing bee
  • Wedding: June 2015

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Horseradish:  Well, I can’t, but Fiance can. It’s also not a company, but a product/compound, with various companies who have invested in the technology. I was also (mostly) joking, as we are both students right now and certainly don’t have any extra money to invest right now. Thanks, though!

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