What to do with money?

Plant it in high quality soil.

Lol

In all seriousness, planting it in the form of bought seeds isn’t a bad idea. Seeds basically always gain in value, whether planted or not. Heirloom seeds especially are a good investment.

Is this the only investment money you have? If so then your options are limited. Real estate, i.e., rental units can be good, but require research and , once bought, management and maintenance. A four-plex with un-revealed ( to other tenants) owner occupation of one unit can be a way to begin. Now is a good time for this as it is “a buyers market” out here. Do not seek out a get rich quick scheme…you’ll just get broke quick.:) Do, on any investment, any, your due diligence and think twice and then again. Best of luck.

Invest it in a certificate of deposit, or a low risk mutual fund

I’m definitely not looking for a get rich quick scheme. I just want to be sure I invest it wisely. I don’t need it. I make enough money to save and don’t have any real debt. I’ve thought about investing in real estate of some kind. Even though it won’t let me do much, it might be the boost I need to purchase a home. Any other suggestions?

I would suggest a mutual fund that mimics the S&P 500 and reinvests the dividends.

$10,000 is not quite enough to invest in real estate, and if you want to use it ti grow for a house, it is not liquid enough.

A mutual fund is diverse enough so you are not all vested into a single asset.

Invest in silver, gold, or some other inherently valuable metal that typically does not drop in value.

Food also never goes down in price. You’re going to eat anyway, might as well get non-perishables at today’s prices.

Get some professional investment advice. I have no idea what you should invest in. I am not an expert.

I suggest go to the bank and invest in some CD’s. You will get a decent rate that if you don’t take them out, and just keep reinvesting the interest, will grow and grow. You can get CD’s with different maturity dates, maybe $2k maturing in two years, $5k maturing in 5 years, $3k maturing in 10 years, so if you need to take it out you won’t be penalized with the 2 year one if you can wait two years. It’s safe. To do it, you go into the bank and sit down with the bank officer and talk about rates and what suits you best. If you don’t like what they tell you, you say “I need more time to think about it” and go on your merry way.

@incendiary_dan: if he invests in $10k of non-perishable food, he would have to store that food. That’s probably a fairly big storage (at least one room in a house).