Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




69 posts

Master Geek


#152054 14-Sep-2014 17:39
Send private message

Am curious to know what thoughts yall have around making the best use of $10,000?

The person is a single male and working/renting in Auckland.

View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2 | 3 | 4
4123 posts

Uber Geek
Inactive user


  #1128422 14-Sep-2014 17:41
Send private message

I have some magic beans.

16480 posts

Uber Geek


  #1128426 14-Sep-2014 17:45
Send private message

Depends on your risk profile. It isn't really enough to do too much with, apart from perhaps buying some shares (higher risk short term) or just putting it on term deposit (you'd make around $450 a year before tax off it). Also you could use it for a part deposit on on property. Maybe use it to start up a startup company?

 
 
 
 


2208 posts

Uber Geek

Trusted
Subscriber

  #1128430 14-Sep-2014 17:50
Send private message

Have one hell of a night?




2018 iPad Pro 12.9 Wi-Fi 64GB (Space Grey) | 2018 iPad mini Wi-Fi 64GB (Space Grey) | iPhone 11 Pro Max 64GB (Midnight Green) | 2x HomePod (Space Grey) | 3x Apple TV 4K | Apple Watch Series 4 44mm (Space Grey)

 

Sony 65" A8F OLED TV | Sony 65" X850F LED TV | Sony 55" X900F LED TV


9795 posts

Uber Geek

Lifetime subscriber

  #1128431 14-Sep-2014 17:52
Send private message

pay off any debt you have

4553 posts

Uber Geek

Trusted
Lifetime subscriber

  #1128435 14-Sep-2014 17:58
Send private message

Pay off all debt and save the rest.





Mad Scientist
22590 posts

Uber Geek

Trusted
Lifetime subscriber

  #1128441 14-Sep-2014 18:04
Send private message

You could spend it all or invest it all or save it all




Involuntary autocorrect in operation on mobile device. Apologies in advance.


534 posts

Ultimate Geek


  #1128443 14-Sep-2014 18:06
Send private message

kush, mushrooms, coke, all that stuff




Home ADSL:                                                             School: 
 


 
 
 
 


35 posts

Geek
Inactive user


  #1128468 14-Sep-2014 18:23
Send private message

Otherwise I'm selling an eBook called "How to become millionaire with $10 000". I'm sending it by email after you made me the payment of $9 999 by Western Union. Seems a pretty good deal...

2451 posts

Uber Geek


  #1128470 14-Sep-2014 18:27
Send private message

Go have a mini OE. 

2681 posts

Uber Geek


  #1128472 14-Sep-2014 18:31
Send private message

Without knowing your other circumstances, it's hard to give unambiguous advice. But based on what you have said, I would think that you should:

1.  Pay off any debt; then

2.  Then stick it, or what's left of it after (1) above, in the bank.

I recommend (2) based on the fact that, in the scheme of things, $10,000 isn't actually that much if your car blows up or you have a spell of unemployment. You need some sort of emergency fund. Putting it in the bank should be relatively safe, and ensure you can get it something comes up.

If you have other savings and are confident that you won't need to use it for the foreseeable future, then stick it in your Kiwisaver for the very long term, or another managed fund. It isn't that easy to get any sort of diversification investing just $10K by yourself. The returns from a fund over time should beat what the bank will pay - although you can lose money in the short term if markets go south.

22 posts

Geek


  #1128473 14-Sep-2014 18:31
Send private message

give me half of it
LOL

509 posts

Ultimate Geek
Inactive user


  #1128483 14-Sep-2014 18:41
Send private message

Buy something that holds or increases in value whilst renting it out to others.
eg campervan/caravan/trailer/

Import something ( that you know a lot about) 

Buy some shares in a company that makes war munitions. eg ( boeing/lockheed/haliburton)

Join a collective and buy a piece of land, or better still make a website to coordinate this for others.


 

2572 posts

Uber Geek


  #1128488 14-Sep-2014 18:53
Send private message

Do you have any interest-bearing debt? Pay off the highest-interest debt first. If not, what are your goals and, as asked by someone above, your risk preferences?



69 posts

Master Geek


  #1128496 14-Sep-2014 19:03
Send private message

No specific debts/goals/risk pref, just unsure what to do with it. A few of the comments look interesting...I guess the bank is safest?


19282 posts

Uber Geek
Inactive user


  #1128500 14-Sep-2014 19:17
Send private message

As above post by dcole13

 1 | 2 | 3 | 4
View this topic in a long page with up to 500 replies per page Create new topic




News »

Freeview On Demand app launches on Sony Android TVs
Posted 6-Aug-2020 13:35


UFB hits more than one million connections
Posted 6-Aug-2020 09:42


D-Link A/NZ extends COVR Wi-Fi EasyMesh System series with new three-pack
Posted 4-Aug-2020 15:01


New Zealand software Rfider tracks coffee from Colombia all the way to New Zealand businesses
Posted 3-Aug-2020 10:35


Logitech G launches Pro X Wireless gaming headset
Posted 3-Aug-2020 10:21


Sony Alpha 7S III provides supreme imaging performance
Posted 3-Aug-2020 10:11


Sony introduces first CFexpress Type A memory card
Posted 3-Aug-2020 10:05


Marsello acquires Goody consolidating online and in-store marketing position
Posted 30-Jul-2020 16:26


Fonterra first major customer for Microsoft's New Zealand datacentre
Posted 30-Jul-2020 08:07


Everything we learnt at the IBM Cloud Forum 2020
Posted 29-Jul-2020 14:45


Dropbox launches native HelloSign workflow and data residency in Australia
Posted 29-Jul-2020 12:48


Spark launches 5G in Palmerston North
Posted 29-Jul-2020 09:50


Lenovo brings speed and smarter features to new 5G mobile gaming phone
Posted 28-Jul-2020 22:00


Withings raises $60 million to enable bridge between patients and healthcare
Posted 28-Jul-2020 21:51


QNAP integrates Catalyst Cloud Object Storage into Hybrid Backup solution
Posted 28-Jul-2020 21:40



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.