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SVTPerformance's Chain of Restaurants
Road Side Pub
grandma gave me 10,000 for xmas!
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<blockquote data-quote="1999 SVT Cobra" data-source="post: 7633227" data-attributes="member: 74414"><p>Im only 19 but I am a finance major so take this for what its worth.</p><p></p><p>If it were me and I have done this with my own money I would invest what I have in cheap stock.</p><p></p><p>I put 10k of my own money in sprint stock right after they had their first layoff and bought the stock at 22.39 a share. Now my investment is worth 57 a share because Sprint has started making more profits and outsold Verizon and Cingular last quarter by 12 million. So if I were to cash out now I would make a pretty hefty profit. Yes it was risky but if you watch the stock market much you can kind of pick out the rising companies you know will make it.</p><p></p><p>Definitely save most of it if you don't invest it. Splurge about 2k tops and save the rest.</p></blockquote><p></p>
[QUOTE="1999 SVT Cobra, post: 7633227, member: 74414"] Im only 19 but I am a finance major so take this for what its worth. If it were me and I have done this with my own money I would invest what I have in cheap stock. I put 10k of my own money in sprint stock right after they had their first layoff and bought the stock at 22.39 a share. Now my investment is worth 57 a share because Sprint has started making more profits and outsold Verizon and Cingular last quarter by 12 million. So if I were to cash out now I would make a pretty hefty profit. Yes it was risky but if you watch the stock market much you can kind of pick out the rising companies you know will make it. Definitely save most of it if you don't invest it. Splurge about 2k tops and save the rest. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
grandma gave me 10,000 for xmas!
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