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<p>[QUOTE=&quot;Vess1, post: 927754, member: 13650&quot;]Desertgem gave some good advice.&nbsp; Many factors to consider before an answer can be concluded.&nbsp; I&#039;m no Dave Ramsey but if this is the only $1k you have to your name, you should just leave it in the bank in case you need it.&nbsp; Period.&nbsp;&nbsp; You are not at a point where you need to worry about investing.</p><p><br /></p><p>&nbsp; If your bank account is well padded and this is just an extra $1k on the side that you don&#039;t need, you obviously have several options.&nbsp;&nbsp; Make sure if you put it in a roth that you won&#039;t need it for a long time.&nbsp;&nbsp; Basically kiss it good bye.&nbsp; You pay the taxes up front, but to benefit, it will need to sit there a long time for you to gain.&nbsp;&nbsp; Most have large penalties for early withdrawal.&nbsp; Meaning you initially PAID a large percentage up front, to lose money to fees and inflation if you ever need it early.&nbsp; &nbsp; In that case you&#039;d be money ahead leaving it in the hole in your basement.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp; If hyperinflation hits, it basically becomes worthless and you won&#039;t have access to it quickly anyway.&nbsp;&nbsp; This is why it&#039;s good not to have everything in one basket.[/QUOTE]</p><p><br /></p>

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