# How to invest 10k while maintaining liquidity **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [January 14, 2009, 9:52am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313 "2009-01-14T09:52:18Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![longuyen88](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/longuyen88/32/7611_2.png) [@longuyen88](https://forums.speedlife.net/u/longuyen88)\ **Post date:** [January 14, 2009, 9:52am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/1 "2009-01-14T09:52:18Z")
Let’s just say I have 10k cash laying around. 2.6% interest on a online savings account just doesn’t work out too well. I’d like to keep this money liquid, so I can have access to it within 5 days notice. I’d like to put it into an investment account and let someone manage it. Who do I talk to? What can I do? ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [January 14, 2009, 9:53am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/2 "2009-01-14T09:53:46Z")
no… cannot do without high risk. otherwise everybody would already do abc instead of your standard high interest savings account. so you have two choices, long term or high risk. ---
**Author:** ![Willybeen](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/willybeen/32/7351_2.png) [@Willybeen](https://forums.speedlife.net/u/Willybeen)\ **Post date:** [January 14, 2009, 9:56am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/3 "2009-01-14T09:56:28Z")
online savings account, money market, mutual funds, thats your options pretty much. If you want to sit down with me, shoot me a pm. ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [January 14, 2009, 10:00am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/4 "2009-01-14T10:00:47Z")
> [@Willybeen](#): > > online savings account, money market, mutual funds, thats your options pretty much. If you want to sit down with me, shoot me a pm. Do you suggest maxing out your 401K for long term savings or developing your own portfolio? Another thought, maxing out the 401K and developing a portfolio… How heavy are you into this? ---
**Author:** ![dreid](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/dreid/32/7388_2.png) [@dreid](https://forums.speedlife.net/u/dreid)\ **Post date:** [January 14, 2009, 10:01am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/5 "2009-01-14T10:01:18Z")
invest the majority and leave some rainy day money in your online savings acount. BOA is advertising a 5 year risk free CD ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [January 14, 2009, 10:03am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/6 "2009-01-14T10:03:15Z")
the classic rule of thumb is: 1. put into 401K until full match is archived 2. contribute to IRA until maxed out (because you have tons more options and less drama when you switch employer) 3. if anything is left go back to the 401K only you and your needs can determine how much you should put towards retirement vs. investing for any other goals including general wealth. ---
**Author:** ![Johnnylude](https://avatars.discourse-cdn.com/v4/letter/j/2acd7d/32.png) [@Johnnylude](https://forums.speedlife.net/u/Johnnylude)\ **Post date:** [January 14, 2009, 10:10am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/7 "2009-01-14T10:10:00Z")
Casino… triple it ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [January 14, 2009, 10:10am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/8 "2009-01-14T10:10:46Z")
yayo ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [January 14, 2009, 10:14am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/9 "2009-01-14T10:14:31Z")
forgo the liquidity and give it to Joe to manage. ---
**Author:** ![boxxa](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/boxxa/32/5045_2.png) [@boxxa](https://forums.speedlife.net/u/boxxa)\ **Post date:** [January 14, 2009, 10:19am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/10 "2009-01-14T10:19:30Z")
Drugs ---
**Author:** ![Maksim2000](https://avatars.discourse-cdn.com/v4/letter/m/dec6dc/32.png) [@Maksim2000](https://forums.speedlife.net/u/Maksim2000)\ **Post date:** [January 14, 2009, 10:20am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/11 "2009-01-14T10:20:01Z")
If you own a house you can dump it into principal and when you need cash take out an equity line of credit against it. 5 day… damn some online savings accounts can’t get you your money that quick. ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [January 14, 2009, 10:28am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/12 "2009-01-14T10:28:07Z")
I need a IRA what is the best out there? I would try maxing out the 401K and roth as it is 16,500 / 5000 a year right? ---
**Author:** ![Maksim2000](https://avatars.discourse-cdn.com/v4/letter/m/dec6dc/32.png) [@Maksim2000](https://forums.speedlife.net/u/Maksim2000)\ **Post date:** [January 14, 2009, 10:38am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/13 "2009-01-14T10:38:32Z")
> [@ultradriver10000](#): > > I need a IRA what is the best out there? I would try maxing out the 401K and roth as it is 16,500 / 5000 a year right? No such thing as “Best”. What do you want to do: day trade stocks, option or you just want to pick some mutual funds and forget it? ---
**Author:** ![Willybeen](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/willybeen/32/7351_2.png) [@Willybeen](https://forums.speedlife.net/u/Willybeen)\ **Post date:** [January 14, 2009, 10:42am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/14 "2009-01-14T10:42:46Z")
> [@ultradriver10000](#): > > Do you suggest maxing out your 401K for long term savings or developing your own portfolio? Another thought, maxing out the 401K and developing a portfolio… > > How heavy are you into this? if your employer matches 5% be sure to put atleast 5% in because if not your leaving money on the table, if you want to talk more about it, shoot me a pm. Everybody is different, there is no one way plan for getting to retirement and/or achieving a financial goal. ---
**Author:** ![Jam](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jam/32/7235_2.png) [@Jam](https://forums.speedlife.net/u/Jam)\ **Post date:** [January 14, 2009, 11:02am UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/15 "2009-01-14T11:02:12Z")
HOOKERS AND BLOW ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [January 14, 2009, 1:38pm UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/16 "2009-01-14T13:38:06Z")
> [@Johnnylude](#): > > Casino… triple it Yes > [@Joe](#): > > yayo Yes > [@evolve](#): > > forgo the liquidity and give it to Joe to manage. No love for me? I see how it is. > [@Jam](#): > > HOOKERS AND BLOW Yes ---
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [January 14, 2009, 1:40pm UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/17 "2009-01-14T13:40:35Z")
> [@cougarspeed](#): > > No love for me? I see how it is. Ok you can use drew too. ---
**Author:** ![misteroman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/misteroman/32/7423_2.png) [@misteroman](https://forums.speedlife.net/u/misteroman)\ **Post date:** [January 14, 2009, 1:45pm UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/18 "2009-01-14T13:45:25Z")
Give it to Joe for a week and have 15!!! ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [January 14, 2009, 1:58pm UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/19 "2009-01-14T13:58:56Z")
shoulda bought gold on ebay when the live discount was going on… then sold the gold to a local dealer… some peopla made 40% on that in 2 days ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [January 14, 2009, 2:02pm UTC](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313/20 "2009-01-14T14:02:01Z")
^^ that’s genius. [Next page](https://forums.speedlife.net/t/how-to-invest-10k-while-maintaining-liquidity/61313.md?page=2)