kiwigander: I am not a registered financial adviser and the following is not to be considered as financial advice.
1. If the individual with the $10K has any non-current credit card debt, he should pay it off immediately and destroy the credit card (get a debit card(s) for convenience).
2. If the $10K is the outcome of saving &/or hard work, go to the next paragraph; if it's a windfall, budget 20% of what's left, after the credit card is dealt to, for a splurge. If the individual hasn't got any splurge in mind, put the 20% into a call account or a 3-month term deposit and keep it there until an idea takes shape.
3. Put the balance into a mutual fund or unit trust of dividend-paying shares.
Just my $0.02 worth.
Involuntary autocorrect in operation on mobile device. Apologies in advance.
joker97: 10k is just enough to fly business class return to San Fran and enough change left over to get an iphone 5c to bring back. there is a site called airbnb ...
Unregistered: 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?