If you were wondering, you can wonder no longer:
http://money.cnn.com/galleries/2010/pf/1010/gallery.how_to_spend_10000.moneymag/10.htmlThis "gallery" covers 11 ways to spend (or sock away) $10,000.
NOTABLY ABSENT from their list:
- Buy gold (or silver!)
- Pay down debts (car, student loan, credit cards)
- Pay down mortgage
- Buy a solar hot water heater
and other good options.
Most of the options involved socking it away in the stock market in some way, shape or form. One option was to "bribe your boomerang child" by paying them $5,000 to move out already.
They mentioned that you could spend $10,000 to replace the windows in your house and save 15% on energy costs -- that's fine, but there are many other energy saving options as well (solar hot water heater, thick curtains, insulation, upgrading appliances, etc.) which would literally pay you MUCH MORE than the pathetic 2.5% that T-bills or long-term CDs would pay.
Matthew