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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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Investing that money in your own LEGAL business is the way to go. Whatever it is, make sure you are providing a good service or product that helps people. Do you have any knowledge that could help people in some way? Teach classes? Find out what your community is in demand of on a social level.

"We are not human beings having a spiritual experience; we are spiritual beings having a human experience"—Pierre Teilhard de Chardin

Pre-'64 dimes and quarters

and put them on cards with 'collectible' attributes.

Outrageous return, and there's a fast-growing market for these items - and they'll make you famous, if you do it right...


Research, and innovate!

Ed in Phoenix

Rights are like muscles; you must exercise them to keep them fit, or they will atrophy and die.

Young person I hold you in high esteem

For your diligence, patiience and dicipline in saving 10k. I am no expert concerning investments, but your post put a big smile on my face and heart and led me to give my 2 cents worth. In the area in which I live a person can take $1500-$2000 dollars and purchase 1 acre of property. Then I would suggest some heirloom seeds for future crops and build your own greenhouse(much cheaper but perhaps not as fancy) also for added growing potential. Youtube has many videos on how to build your own for very little cost. With the remaining money I would suggest holding a few thousand in Cash on hand and any used manual farming tools (eg: tiller)that can be purchased locally or at auction. Anyway, God Bless you and remain focused. You made my day young person. :)

LIBERTY2ME's picture

Hi - would you mind if I

Hi - would you mind if I asked where you lived? I am just wondering where I could buy an acre for $1500.00?

I would say buy silver or move to North Dakota

I would say buy silver. I bought at $4 at $9 etc buy the junk silver coins that are before 1965 they are liquidable. and increase with inflation.

Or move to North Dakota to work in the oil fields earn $20 per hour on up. 12 hour shifts.

Or I have an investment right private on. Which deals with the oil field. 5k invested now get you 4cents per ton out put or $800 per day or $40k per year return after one year. This is moving frack sand from wis to nd and south texas or 10k returns 8 cents per ton or 1.6k per day or 80K per year.

Or I have other private investments here North Dakota, If you have 500k you could make $3m in one year here.

the oil business is booming not enough people and not enough housing.

email me at oil@shopgf.com

May GOD Bless each and everyone.
I pray that God may see that Ron Paul will not be hurt or wounded, that he may become our next full two term President of the united States of America!

Invest in precious and base

Invest in precious and base metals !

Investment Advice

I would purchase a depressed foreign currency and wait for it to revalue. ( This is how George Soros made his billions.) Best bet? Iraq Dinar. It was at $3 before we invaded. You can buy one million for about $800.00 (a small investment risk) If it goes up to even one dime, you made $100,000 and risked $800. If it goes to one dollar per dinar, you are a millionaire. Rumor has it that Trump has a $30 million dollar stake in this play. If it hits, he can buy a lot of hairspray. I will spend half of my bonanza on prostitutes and booze. The other half I'll just spend foolishly.
Good luck - to me!!(and you, too)

“...taxes are not raised to carry on wars, but that wars are raised to carry on taxes”
Thomas Paine, Rights of Man

Foreign currency? No.

No. No. When every country is devaluing their currency in a race to the bottom to be competitive? Worse than a casino!

Terrible advice

This is no better than going to the casino with your money!

Ron Paul - Intellectual hero

Get out of debt fast is the best thing to do!

Get out of debt fast is the best thing to do!

1. Save $1000 starter emergency fund
2. Pay off all debt besides house/mortgage using debt snowball
3. Save 3-6 months of expenses for full emergency fund
4. Invest 15% into good growth stock mutual funds
5. College fund for children (if applicable)
6. Pay off house early (if applicable)
7. Build wealth and give!


These are the basic Dave Ramsey baby steps. I highly recommend you check him out. He's a best seller (My Total Money Make Over, Entreleadership) and host of The Dave Ramsey Show radio show. He is the only person in america giving sound financial advice these days.

"Live like no one else, so that later you can live like no one else." - Dave Ramsey



Ron Paul - Intellectual hero

Pay down those loans

Or don't borrow to begin with. Then any surplus funds s/b invested in the highest earning long term asset you can find which I would submit is your own future career.

eminent collapse

the next 3-6 months are going to be grave.
Put your money into commodities ie. silver, guns, etc.; tools and education.

The bull has left the building, time to turtle.


I don't know about the bulk of it

But certainly a subscription to the Daily Paul is the a great investment and will pay dividends for years to come.

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.


5,000 dollars is a good emergency fund. If you are completely debt free that will put you in the top 30% of Americans. America's addiction is not porn, but rather credit. They borrow on everything and government encourages this action. Don't play that game. Some really great advice on this board. Great question.

Krugman would say buy

Krugman would say buy consumer products made in China. Maybe a $400 pair of shoes, a new set of golf clubs, buy some rims for your car, and spend the rest on your girlfriend! Then we're on the way to prosperity.

I'd say as long as your saving most of it, you are in better shape than most. If you are looking to the stock market, try to diversify the best you can over a wide variety of industries(oil, healthcare, technology, etc). Also, make sure you buy some gold/silver mining stocks and gold. The textbooks tell you 5-10% of your portfolio should be gold, but i'd boost that to atleast 25% personally.

"Where liberty is, there is my country." -Benjamin Franklin

my .02 worth says to

my .02 worth says to evalutate your situation. Look at the cars you drive, the clothes you wear. While others say invest in gold/silver. Those are fine if you just want a store of value. While it will increase nominally with inflation its not gaining any true value. There is a balancing act here. Storing value is fine, but it's not really gaining you anything. Is there anything that you NEED that will increase your human capital? I suggest this because experience is HUGELY important when looking for a job. Lets say you are an engineering major. I would HIGHLY recammend finding a job that applies to your field. DO NOT work at McDonalds (or lifeguard) during college. How does this apply to your savings? It applies because that saved money could "pay" you the extra price you potentially take in pay cut from McDonald's to find a suitable experience job.

If your career is health care related, (ie nurse, doctor etc) lifegaurd may be a good stepping stone, but continually be looking for the next step up (volunteer ambulance driver/fire dept or anything remotely related). but i would use the savings as a subsidy towards living minimally while taking slightly lower pay at a job that builds experience towards your college degree.

What is the #1 thing employers are complaining about right now? They can't find good help! Sure there is a glut of people looking for work, but they can't do the jobs that employers want/need. If you are a mechanical engineer and have 8 years of lifeguard experience what does that matter? (I guess it shows that you go to work on time and do the requested job) What if you had been a mechanic at the local car shop? MUCH better. What if you worked for the university in their engines lab? MUCH MUCH better. What if you had an intership in a real company as a mechanical engineering intern? MUCH MUCH MUCH better.

I would invest in yourself, find a job that applies, GET EXPERIENCE that matters.

07 Daytona 675
Don't Tread on Me!

If you take an internship it

If you take an internship it may mean a commute (you'll need a good car), it may be several states away (might be worth buying a small truck and trailer). You might relocate for the internship to a location where cost of living is significantly higher so you'll need more funds for that. You may need a nice suit for interviews. Continue to improve you personal capital above all else. Human capital is exponential in investment.

Spend time reading, and LOTS of time writing. If you have to take a couple days off of work to focus on your resume, use the savings as a subsidy for that.

Consider all investments in human capital first and foremost. Also consider interest rates. Does it make anysense to "save" the money at 1% when you are taking out student loans at 6%? If gold is nominally increasing at 10% per year it's a better investment than a loan at 6%

The trick here is to look at the "entire package". and weigh/balance all options, including all "time investments" as well.

Everything has pros and cons. weigh them carefully.

07 Daytona 675
Don't Tread on Me!

Gold & silver

Since you don't need this while you are in college and it is doubtful an inexperienced investor can pick a productive asset. (OMG, do not trust stock brokers.) So, you need a store of value. Cash: Dollars, Euros, Yuan? They are all manipulated and a bad store of value. Diamonds, art? Market dependent, not a good store of value. What has no counter-party risk (if the guy on the other side of your transaction defaults, you lose too) and never had its value go to zero? Gold and silver. Good even in deflation or inflation/hyper-inflation. Right now with the gold/silver ratio so high (about 1:55, historically 1:16) I would buy silver. It has industrial uses as well as being a store of value, potential upside very good. Don't buy big bars, get American Eagles, 1 oz rounds, junk silver. Gold is fine too, compact and portable, easy to hide. Take physical possession, do not trust ETFs, storage accounts (even if run by your church), etc., you have counter-party risk there. Precious metal mining stocks? Again counter-party risk, ok if you have the time to research the management, in ground reserves, equipment age, etc.



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


No silver stocks.

Buy 1oz coins and have them delivered to your possession

There is one good Keynes quote to remember:

"The market can stay irrational longer than you can stay solvent."

I own gold and silver myself and actually think the current price level is a decent accumulation point, but wouldn't want to blow my whole load on precious metals right here.

I believe in the Austrian economics thesis, but that quote by Keynes above is actually a very good one. Many great Austrian adherenets, including Dr Paul himself, have commented on being surprised on how long the powers-that-be can keep a fundamentally unsound system patched together. For some people, an irrational system can remain patched together for longer than their lifespan.

So, just don't forget about LIQUIDITY. Precious metals are not exactly illiquid, but could possibly drop in dollar value for a good amount of time. Your rent, food, bills, etc will presumably be denominated in US dollars (aka FRNs) for the foreseeable future. Risk is everywhere and nobody knows what the future will hold. Don't get carried away in the notion that a hyperinflation, SHTF, barter-society is positively a few months away. The chances that the economy could carry on as-is for a matter of years is a distinct possibility that you should also be prepared for.

This is coming from a guy who owns significant precious metals, a Berkey water filter, etc.

Wise advice

If I were in his shoes, I would:

- put 2k in physical silver to start

- keep the rest in a local credit union

- get the water filter

If you are patient

and can afford to wait - buy gold.

If you are asking here...

You need to take a few hundred, buy several dozen highly rated on Amazon books on investing, and read them.


your gunna need that 10k when the Student Loan bubble explodes.


His name is Edward Snowden

What is Capitalism?


keep saving it. 10k is a decent amount of money for a college graduate, but not enough to invest and risk losing. Hold onto it, you'll need it.


+1 again. (Remember, he said "Short Term", you cannot buy common necessities at the current time with gold and / or silver. He may need the money in the short term to get up and "bug-out". Longer term, I would say what most others are saying, gold, silver, seeds, land, guns, ammo, etc.)

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

Stuff you'll need

Right NOW buy physical silver. It's real money.
Fed notes /paper dollars lose value every day through inflation.
-storeable food...you'll always need to eat anyway
-barter items (tobacco and alcohol would be the most popular)
-lots of ammo
You'll find this interesting about college,
It's a great hour long documentary that'll save you a fortune.
Dr Paul makes brief appearance

Side Note

Good Documentary but beware of the NIA.

A couple of ideas

1) If you need the money the answer is likely nothing.
2) If you are willing to risk on such a short horizon the casino may be your best option.
3) Paying off debt is a guaranteed, after tax return and should be done first.
4) What is your major? If it's not likely to get you a high paying job the best return you could have would be to not waste any more time or money on the degree (if we are strictly dealing with financial issues). Most liberal arts majors get lousy returns on their money.