Id probably apply for some time off work, supplement my income, buy a new gaming setup and play games for a while.
10K won’t even get you a down payment on a house. Personally I’d continue to save it and in something that has a far better returns.
buy food…brazil is really a dangerous place right now lol
I really thought about buying a Tesla solar roof setup in the future…
Send it to me. I’ll hold it for you free of charge.
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I’d put it in an unmanaged Index Fund
Investing it into your home via Solar Panels depends a lot on where your home is, how long you plan to stay there, and how much sun you get in your area.
You’d need to do a lot of research but ballpark is that solar panels is a 5-10 year to ROI.
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Just keep saving. Winter is coming and you will need it for emergency fund soon enough.
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Save it. Like I actually am for real,
Sounds like a cheap answer but I’m not a spender. My needs are simple .
But if your mind is in safe investment mode you could buy some precious metals. With the gloomy economic forecasts over the next year saying a massive recession is coming and the dollar plunging in value, at least if you own physical gold silver or other metals (obviously I hope you own a safe btw) you won’t lose value with your money.
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I live in north country where it snows 6 months out of the year… solar isn’t a wise investment where I live. wind, sure… but like I said, not sure your age… but I’d find a long term investment that has a higher return.
I would probably blow it on weed and booze every night until i ran out of money lol.
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Right, my basic suggestions, assuming no debt, would be to first make sure it’s enough to be an emergency fund, equal to 3-6 months of your total expenses. I’d let that amount sit somewhere you have access to it (like your Paypal maybe?) gaining a little interest, but quickly accessible.
Money beyond that I’d say stick in something and pretend it doesn’t exist, like a Roth or something… or maybe buy government equities (like 1 year or something) and just keep collecting low risk interest.
Pay off debts first, make dream vacation finally come true, save rest for a rainy day. And though I care for family, I’m not going to be their personal piggy bank. Did that once, didn’t get help when I needed it, we’ll be signing contracts if you bother me.
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Make a personal contribution to my 401k.
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LEAVE IT ALONE and let it sit!
I’m not a lawyer, investor, whatever… but find a good stock - AAPL, MSFT - that pays dividends and invest. Leave it alone for a year or two and come out a lot more ahead.
Assuming you are like most people and are, essentially, living paycheck to paycheck where even something that is supposed to be minor like a car breaking down can put you in literal financial ruin (let alone something like a chronic medical condition) due to the domino effect, the absolute best course of action is to not touch it and continue to add to it until you got a MINIMUM of 6 months (if not more nowadays) of living expenses squared away and even still this also assumes you are making the maximum contributions to your 401k and HSA funds and whatnot too.
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You are LOSING money (or, more, specifically, the spending power of that money, which is the whole point), since the current rate of inflation is higher than your passive earnings.
I’m old enough to remember when banks offered interest rates that were always at or higher than the inflation rate.
Anyhow, if it’s money you won’t need anytime in the next year, I’d invest it in VTSAX and weed.
Pay down credit card debt.