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Smartest thing to do with 5-10k dollars?

I seek the wisdom of the great multitude of intelligent people that pass through this sacred place.

I'm a 20 year-old college student who has saved up 10k dollars over the past 5 years of working as a lifeguard. What is the smartest way to invest 5-10k to make some more money in the short term? I'm loathe to let it languish in a savings account and I would like to have some cushion money when I leave college to pay for loans and what not.

I appreciate any and all advice!

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Buy land and farm it or buy assists such as gold silver etc. but whatever you do not keep it in cash as it will vanish with inflation.

Holy zombie thread batman!

Look at the date people. This is a year old. Nothing to see here, move along.

buy a cheap classic car

I was in a similar situation (not so much cash) and decided to buy a car. A VW beetle. Don't get some exotic sports car or something with a large engine, the first has large swings in value and the second will be harder to sell.

My reasoning is: Their value seems to be pretty stable. The average person is in grasp of buying one. People still buy them as daily drives. They are relatively economical. Its something you can actually use and its something you can enjoy. Makes life a little less depressing.

Even in apocalyptic disaster, its still useful. Even in nuclear disaster it will still work, i.e, EM pulse wont kill the engines computer. Gold is great, but what if its confiscated? What if you end up with a safe full of gold that if you use you go to jail?


you could speculate...you could donate...you could cogitate...you could ...on and on..not much other than something you believe in...!!! that may not give you a good roi ... but that is not what its really about. If you do not need the money gamble but if you do not want to risk as you are risk averse then do nothing until you have to..doing nothing may be both good and bad..point is most financial advice except prudence a low rate of return is out..do you have a start up in mind..do you want to develop a web site do you want to publish a song or take music lessons..do you need medical treatments..do you know a person who is in very dire straits.. do you want to go to school or go to the amazon... if not its food clothing and shelter..if you are lacking there then there already is a situation / pre existing need for the funds..

Right now, I think I would

Right now, I think I would short SLW. After it drops significantly (I think the next 2 wks), I'd cover (close out) my short position.

Then I'd take the principal and buy shares of SLW and stay long...maybe sell a couple covered calls every month or so. The profits would be used to buy physical silver & gold.

That's what I would do; can't say what you should do.

"Sacred place"? Awww

Most of the time we're just like half-educated rednecks, infighting.

How about buy yourself a tiny house and live in it, saving yourself expenses over the long haul?

Also get a copy of The Tightwad Gazette, and discount food.

I invested in

HL stock and GDX stock and have had a 30% return on my investment so far. That's a better return than any Wall Street fat cat ;) I do not invest short term though.

So, look into gold and mining stocks. I bought a few ounces of gold a couple years ago. I also built a completely custom AR-15 with the top of the line everything and I'm planning on going to 'Front Site' in Nevada to do some gun training. I graduated their defensive handgun training course and want to go back for the rifle course.

My next plan is to short the Euro, and after the Euro crashes, then short long term treasury bonds because they will be next.

Just don't let that money sit in the bank. Well done on being a saver at such a young age, I am a huge saver too, always have been since I was a kid.

No one can find a safe way out if society is sweeping towards destruction. Everyone,in his own interests, must thrust himself vigorously into the intellectual battle. None can stand aside with unconcern; the interests of everyone hang on the result. - LvM

If you ask for advice, you

If you ask for advice, you just might get it. Above all, think of it as your hard won money and be cautious of free investment advice. It's usually worth what you paid for it.

Quantitatively please me


With 10k cash,

$2500 silver
$2500 cash
(get a safe and put these both in your house)

$5000 in the bank/pay off debt.

Its not smart to go all in on anything. Leave a little cash in the bank too. Pay some bills.

"A living Constitution is a dead one" -Ron Paul

When the economy collapses you can barter with

guns, ammo, mre's, liquor, tobacco, gold, silver, copper.

Garan's picture

Buy a ticket off this sinking ship!!

Use the money to renounce your citizenship and get out while you still can.

  • Get out before legislatures pass more laws preventing you from leaving, like the denial of passports to those who are behind on taxes.
  • Get out before the U.S. seals it's borders from escape.
  • Get out of being robbed through income taxation, forced pseudo-investment into Social Security.
  • Get out of being a forced funder of countless programs and expeditures that don't even come close to representing your interests.
  • Get out of being seen by other nations as an ignorant U.S. sloth who lets their government pillage and destroy nations.

I'm sort-of kidding, yet, there are many reasons to leave.

Where to go?

Just look to where highly successful executives have gone after renouncing their U.S.A. citizenship.

If you are sharp and have a good command of english, you can probably do well in any country that has american tourists.

this would work if

the gov't doesn't know you have the money. Otherwise they'll just confiscate most of it as an exit fee.

Garan's picture

A Small Price

Even if you loose all your remaining cash upon leaving, the price is small, if your overall goal is to get out and you have a whole life of income yet to make.

A friend of mine was walking through an air port and was asked if he was willing to be scanned with a hand-held device to see how much cash he was carrying. Apparently, the newer dollars have material embedded that allows for this. This was a little over 10 years ago. So, yeah. If you try to carry a large amount of dollars by plane, you may get detected and may face charges (I don't remember what the limits are.. maybe $10,000 or $20,000).

So, there is another dis-incentive to using U.S. dollars.

There is a "security band" or

There is a "security band" or "security thread" (I think that's what it's called) that runs through the newer bills. You can see it if you hold it up to the light.

buy .

A not so great house and rent out your rooms to your peers. Either they will pay for your house or your grad school? Whichever you covet most.


I am biased toward Peter Schiff's advice.

Set up a brokerage account where you can buy $3,300 in quality dividend-paying stocks (or related mutual funds). Buy $3,300 in physical silver bullion (not numismatics). Hold $3,300 in cash for rainy days, and for future opportunities.

Spend the remaining $100 to buy yourself a nice steak dinner and bottle of wine to celebrate your valor, courage, and resolve.

Continue to work and contribute to each of these categories until conditions warrant change.


The best thing to do in your situation

is to spend that money on kindle and books, and the rest on starting your own business. Buy the book "personal MBA." I am not sure what you went to school for or what you are good at, but it should be spent on buying a domain name, research materials and starting a business that is a lot more than cutting grass for people. It needs to be something that you can sell and promote cheaply on the internet. You can do it and that is the way to freedom and the way to make the most of this money. Do not start this business with friends or family and do not spend it all and get yourself where you have to take out debt to continue. Move back home if you can to work on this or live as cheaply as possible- move to a place where the cost of living is low if you are not in one currently.

I would also recommend buying books and learning (taking much much time, even years before you act) to learn about investing and trading options so that when your business makes money you know how to start making an even better income at a lower tax rate and that is not dependent on if the market is good or bad. Keep this in the background as you go along and you can succeed.

Do not be overly concerned with debt unless you have very high or variable interest rates. DO Not take on more debt, however, remember the dollars you pay today are worth more than the dollars you pay tomorrow and I frankly believe that college loans will be forgiven in the future. With that being said if you are still a ways a way from graduating and have to have loans to continue I would forgo the rest of college. I am dead serious it is not worth it and unless your in a highly specialized field $500 worth of books on a kindle will be more of an education you can get at whatever college.

I am 29 with a degree and everything I said above is exactly what I am doing right now and I am very confident that this is the right answer at least for me.

Diversify: +Timber

I'm a former investment banker from Morgan Stanley and my first recommendation would be to diversify and be patient.

Gold, silver, guns, ammo, farm land -- all of these are nice components to a diversified portfolio, but I would take the 285 previous threads as parts of a whole picture.

I would also be interested in your thoughts on timber... I just posted: Ron Paul Economics: Invest in Retirement with No Fees and Avoid Wall Street

best to you!


The best tip I can give you is to not act rashly. Much money is lost on quick, emotional moves.

If you're a Paul supporter you probably know already that the world is teetering on the edge of a massive and prolonged depression. It might be hyperinflation, it might be massive deflation. You have to stay flexible.

In such a situation you should be more worried about preserving your capital or staying out of debt, and less worried about making a quick buck.

Don't listen to us. Don't listen to me. Instead, listen to Peter Schiff or Gerald Celente. Read books like "Crash Proof 2.0".

And whatever you do, act only after a lot of careful planning and deliberation.

Give the $ to John Tate:)

that is what some supporters will you. that is give every cent possible to tate & co.

but i recommend putting that money into silver.


Charles Goyette

I would get Charles Goyette's books.

The first one "The Dollar Meltdown" was a great easy to read and understand how we got to this mess.

It spells out investments.

"Red and Blue and Broke All Over"


You will love Charles!

Follow your quest.

Life's journey is far more important than the money trading hands. Discovery what you feel needs doing. Then do it!

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Save it until you need a car.

Save it until you need a car.

i disagree, buty a cheap 2k

i disagree, buty a cheap 2k car if you ever do need one and continue to build capital until a sound investment comes along.

what good is spending 10k on a car?

any thoughts on vending

any thoughts on vending machines..?

Rental Home

If I had to do it over again, I would buy an inexpensive, no frills house with a max amount of bedrooms and rent out rooms to my classmates. 10k would be enough downpayment to get you a decent 50k home, which is about all you want. If you charge 2 roommates $400 per month each, you'll be doing pretty well. By the time you graduate, you can almost have it paid off. If your home goes up in value, consider that a bonus.

Assuming you are set on going to college, it would've also been nice to know some kind of trade that earned me $20 or more an hour which I could fall back on whenever I got in a jam. I hear welders are in huge demand.

What do you think of this? www.theonlinemarket.org

Problem is

I wouldn't want a mortgage of any kind, coming out of college, in today's economy, unless I a secure job lined up already. Even with a phenomenal resume and a ton of charisma, you might not get a job.

Invest in YOURSELF!

The question is: HOW?

When looking at 'investing' I always look to see what the value of my investments is years down the road, or on the short term as you say. The best investment in my life has been to face the situation you are in and to GO TRAVEL for 15 months around the world.

I have talked much about this to many people, and the short version of my story was that if I look at the memories and lessons of 15 months of travel in about 30 countries and the total investment of around $10,000 the RETURN on my investments were easily 50 times (that is 5,000%)

The way I calculated that was, I asked myself: How much would I 'sell' my experiences/memories for to someone, such that after the sale, I would no longer possess them?

That figure was around $500,000. Okay, this is weird and personal, but that was the figure! If you haven't traveled the world, trully free of any "plans" or goals, or "purpose" you have no idea how amazing that is!

Just buy a cheap ticket somewhere, go alone (you meet others along the way), hitchhike, couchsurf, eat cheap on the streets, camp, bike, walk, do things for FREE... and you will be amazed how much you will get out of your $10,000.

Oh, and what to keep your dollars in while the weeks, months pass? That is obvious, the only true GLOBAL, revolutionary and liberty money: Bitcoin! :)

Okay, so I LOVE BITCION, but I also LOVE RON PAUL... so you make the connection!

PS: if you don't like bitcoin, or the dollar, and gold is too heavy to travel with... you can always convert to Nepali Rupees, banks pay 14% at the moment apparently, just joking :)

Just plain 'Happy'about the direction the world is taking! Especially if we live to reach LEV [Longevity Escape Velocity]

Fly Away

A plane ticket to Uruguay. Get the hell out of here while you can.

I have never made but one prayer to God, a very short one: "O Lord make my enemies ridiculous." And God granted it.