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Things to do with $10,000
Tuesday
June 12, 2001
What are you doing with your extra cash? Are you a spender? A saver? Money Magazine's July issue reveals 10 hot tips to make and break your bank account.
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Nick Pachetti says smart shoppers can reap rewards by investing in safe but sound stocks like ExxonMobil, Wal-Mart, Pfizer, and Gannett. "This isn't just a place to put money and pull it out immediately,” Pachetti says. “This is long term."
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Five Stocks to Watch
- Applied Materials
- ExxonMobil
- Gannett
- Pfizer
- Wal-Mart
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Courtesy of Money magazine |
Now's a good time to buy into the nation's biggest retailer. Wal-Mart’s stock isn't cheap though, about $53 a share. Pfizer's returned an average of 27-percent over the past decade. And don't be afraid to try high-tech. Money Magazine says chip equipment maker Applied Materials can also be a good investment.
But if that stuff is too boring then why not splurge a little with your $10,000? With that kind of cash you can get four season tickets to watch your favorite team. Or take a gamble, invest in an independent film. Pachetti says, “It would pay off big if you think about the ‘Blair Witch Project’ or ‘Boys Don't Cry.’”
For ten thousand big ones, you can also back a Broadway show. The new hit "The Producers" returned 15% of the principal to investors before opening night.
For you wine connoisseurs, why not splurge on a high-end wine fridge? Your bottles will age gracefully and so will their value.
Or 100 Ben Franklin’s can buy you an around the world airline ticket and a place to stay at every stop. If you'd rather stay grounded, get yourself a Ferrari. Well, at least you can rent one for eight days.
So spend it now or save for later, but you're still on your own to come up with the $10,000.
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