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<p>[QUOTE="topcover, post: 348514, member: 12479"]RULE #1 : DIVERSIFY. Don't ever stick all of your money into one basket. That's investment rule number one. While you decide bank it (see rule #4) into a CD or Money Market until you decide. </p><p> </p><p>RULE #2: not sure about how you came into this money, but you should make sure that there aren't any tax ramifications. If there are you should find how much and immediately set that money aside. </p><p> </p><p>RULE #3: have to agree with Brit... pay off a good portion of your debt. Any interest or "profit" you will gain through your investment will never amount to more than the interest you are PAYING. If you are heavily in debt, use this as an opportunity to start a budget and start with a clean slate. </p><p> </p><p>RULE #4: Set aside a SMALL PORTION of the $15K (lets say no more than $1,000) for you to use as you see fit. Just for you... coins, a trip, a nice dinner... just to satisfy your desire to blow more than that. The key here is to STICK to that amount![/QUOTE]</p><p><br /></p>
[QUOTE="topcover, post: 348514, member: 12479"]RULE #1 : DIVERSIFY. Don't ever stick all of your money into one basket. That's investment rule number one. While you decide bank it (see rule #4) into a CD or Money Market until you decide. RULE #2: not sure about how you came into this money, but you should make sure that there aren't any tax ramifications. If there are you should find how much and immediately set that money aside. RULE #3: have to agree with Brit... pay off a good portion of your debt. Any interest or "profit" you will gain through your investment will never amount to more than the interest you are PAYING. If you are heavily in debt, use this as an opportunity to start a budget and start with a clean slate. RULE #4: Set aside a SMALL PORTION of the $15K (lets say no more than $1,000) for you to use as you see fit. Just for you... coins, a trip, a nice dinner... just to satisfy your desire to blow more than that. The key here is to STICK to that amount![/QUOTE]
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