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if you had 10k dollars

kevin24018
Posts: 2,532
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1/2/2017 9:51:49 PM
Posted: 2 weeks ago
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?
BobTheRocket2 wrote:
Arguing with a liberal is like playing chess with a pigeon. No matter what, it's going to knock over the pieces, crap all over the board, and strut around like it's victorious.

"Beware the engineers of society, I say, who would make everyone in all the world equal. Opportunity should be equal, must be equal, but achievement must remain individual.
- Drizzt Do'Urden"
ken1122
Posts: 628
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1/3/2017 5:25:09 AM
Posted: 2 weeks ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.
kevin24018
Posts: 2,532
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1/3/2017 1:39:43 PM
Posted: 2 weeks ago
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
BobTheRocket2 wrote:
Arguing with a liberal is like playing chess with a pigeon. No matter what, it's going to knock over the pieces, crap all over the board, and strut around like it's victorious.

"Beware the engineers of society, I say, who would make everyone in all the world equal. Opportunity should be equal, must be equal, but achievement must remain individual.
- Drizzt Do'Urden"
ken1122
Posts: 628
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1/3/2017 1:50:23 PM
Posted: 2 weeks ago
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.
dc0404
Posts: 33
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1/3/2017 2:23:58 PM
Posted: 2 weeks ago
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?

I have spoken with so many financial advisers and the best decisions have always been what I ultimately decided to do on my own, versus be coerced by any one adviser. For me, I would diversify the investment versus drawing nearly negative interest rates in a typical bank account. How about this: 1) 25% "cash under the mattress" a hedge if some sort of "event" occurs where liquidity is king, 2) 25% precious metals held personally or in private/secure storage, 3) 25% professionally managed by an adviser, like a mutual fund, 4) 25% in to some sort of long term land or real-estate holding or profitable business investment

DC
kevin24018
Posts: 2,532
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1/3/2017 2:51:13 PM
Posted: 2 weeks ago
At 1/3/2017 1:50:23 PM, ken1122 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.

do you have a target % return rate that you would shoot for? that's easier than discussing risk imo
BobTheRocket2 wrote:
Arguing with a liberal is like playing chess with a pigeon. No matter what, it's going to knock over the pieces, crap all over the board, and strut around like it's victorious.

"Beware the engineers of society, I say, who would make everyone in all the world equal. Opportunity should be equal, must be equal, but achievement must remain individual.
- Drizzt Do'Urden"
kevin24018
Posts: 2,532
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1/3/2017 2:53:25 PM
Posted: 2 weeks ago
At 1/3/2017 2:23:58 PM, dc0404 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?

I have spoken with so many financial advisers and the best decisions have always been what I ultimately decided to do on my own, versus be coerced by any one adviser. For me, I would diversify the investment versus drawing nearly negative interest rates in a typical bank account. How about this: 1) 25% "cash under the mattress" a hedge if some sort of "event" occurs where liquidity is king, 2) 25% precious metals held personally or in private/secure storage, 3) 25% professionally managed by an adviser, like a mutual fund, 4) 25% in to some sort of long term land or real-estate holding or profitable business investment

DC

I messed around a little bit with the simulator on investopedia.com and the precious metals I'm not so sure about, maybe over the very long haul.
what % rate of return would you shoot for in #4?
BobTheRocket2 wrote:
Arguing with a liberal is like playing chess with a pigeon. No matter what, it's going to knock over the pieces, crap all over the board, and strut around like it's victorious.

"Beware the engineers of society, I say, who would make everyone in all the world equal. Opportunity should be equal, must be equal, but achievement must remain individual.
- Drizzt Do'Urden"
Fernyx
Posts: 461
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1/3/2017 3:07:50 PM
Posted: 2 weeks ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest 5k in Tesla, save the rest.
kevin24018
Posts: 2,532
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1/3/2017 3:16:16 PM
Posted: 2 weeks ago
At 1/3/2017 3:07:50 PM, Fernyx wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest 5k in Tesla, save the rest.

ADVANCED MICRO DEVICES, INC.100$2.64$11.25$1,124.90- $9.10(-0.80 %)$860.91(326.11 %)
although it's just a simulator, that's a heck of a return, wish I had real money in it when I first "bought" that stock. Of course not all my picks are doing well, but then again it's just a simulator.
BobTheRocket2 wrote:
Arguing with a liberal is like playing chess with a pigeon. No matter what, it's going to knock over the pieces, crap all over the board, and strut around like it's victorious.

"Beware the engineers of society, I say, who would make everyone in all the world equal. Opportunity should be equal, must be equal, but achievement must remain individual.
- Drizzt Do'Urden"
Fernyx
Posts: 461
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1/3/2017 4:28:38 PM
Posted: 2 weeks ago
At 1/3/2017 3:16:16 PM, kevin24018 wrote:
At 1/3/2017 3:07:50 PM, Fernyx wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest 5k in Tesla, save the rest.

ADVANCED MICRO DEVICES, INC.100$2.64$11.25$1,124.90- $9.10(-0.80 %)$860.91(326.11 %)
although it's just a simulator, that's a heck of a return, wish I had real money in it when I first "bought" that stock. Of course not all my picks are doing well, but then again it's just a simulator.

I like the direction of Tesla, they just turned their first profit and as a result will likely make more affordable models. With this, there is a growing appeal for electric cars as people are growing increasingly worried about climate which draws more customers. If they could make an affordable car to compete with the Prius, and another car like a Focus/Camry but all electric for the same price, they could see massive growth in the future.
sadolite
Posts: 8,918
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1/3/2017 8:46:06 PM
Posted: 2 weeks ago
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.
I am not what you think I am. You ARE what you think I am
kevin24018
Posts: 2,532
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1/3/2017 9:34:52 PM
Posted: 2 weeks ago
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.
BobTheRocket2 wrote:
Arguing with a liberal is like playing chess with a pigeon. No matter what, it's going to knock over the pieces, crap all over the board, and strut around like it's victorious.

"Beware the engineers of society, I say, who would make everyone in all the world equal. Opportunity should be equal, must be equal, but achievement must remain individual.
- Drizzt Do'Urden"
sadolite
Posts: 8,918
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1/3/2017 9:52:09 PM
Posted: 2 weeks ago
At 1/3/2017 9:34:52 PM, kevin24018 wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.

The only risk with real estate is not knowing when it will peak and fall again. It doesn't take rocket science and a PhD in economics to know. If you would not live in the house you buy and pay the price you are asking, it's a bad investment.
I am not what you think I am. You ARE what you think I am
kevin24018
Posts: 2,532
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1/3/2017 9:55:16 PM
Posted: 2 weeks ago
At 1/3/2017 9:52:09 PM, sadolite wrote:
At 1/3/2017 9:34:52 PM, kevin24018 wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.

The only risk with real estate is not knowing when it will peak and fall again. It doesn't take rocket science and a PhD in economics to know. If you would not live in the house you buy and pay the price you are asking, it's a bad investment.

very true, but like you said 10k won't get you far by yourself, with lending being tighter, down payment %, closing costs etc, though there's probably some kind of co-op you can buy into I guess.
BobTheRocket2 wrote:
Arguing with a liberal is like playing chess with a pigeon. No matter what, it's going to knock over the pieces, crap all over the board, and strut around like it's victorious.

"Beware the engineers of society, I say, who would make everyone in all the world equal. Opportunity should be equal, must be equal, but achievement must remain individual.
- Drizzt Do'Urden"
dc0404
Posts: 33
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1/4/2017 1:23:22 AM
Posted: 2 weeks ago
At 1/3/2017 2:53:25 PM, kevin24018 wrote:
At 1/3/2017 2:23:58 PM, dc0404 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?

I have spoken with so many financial advisers and the best decisions have always been what I ultimately decided to do on my own, versus be coerced by any one adviser. For me, I would diversify the investment versus drawing nearly negative interest rates in a typical bank account. How about this: 1) 25% "cash under the mattress" a hedge if some sort of "event" occurs where liquidity is king, 2) 25% precious metals held personally or in private/secure storage, 3) 25% professionally managed by an adviser, like a mutual fund, 4) 25% in to some sort of long term land or real-estate holding or profitable business investment

DC

I messed around a little bit with the simulator on investopedia.com and the precious metals I'm not so sure about, maybe over the very long haul.
what % rate of return would you shoot for in #4?

Well, as you probably noticed, the main "strategy" I employed was diversification, I don't think anyone could argue that. To correct myself, #2 in precious metals is not an investment, it is an insurance policy. That is the way I look at precious metals in a world of a declining dollar... as you say, in the long term this will probably be a could "policy" to buy. In terms of any real-estate holding, or business investment, I am not really a fan of investing in real-estate unless you plan to make them positive income generating, so I would only invest in real-estate that I choose to keep/use, but with the underlying diversification strategy, overall the 4 investments is sound. Business investments will vary widely. Buying a business or buying into a business that is a full functioning business versus a startup are very different outcomes. I have done the latter and I expect the rate of return to be 90 times... not kidding, but as I said, it is a startup. I run a 30 million dollar business, and if I were to invest in my business that has been in business for over 15 years, that return would be far less, probably would expect a cash on cash return of at least 2-3 times.
sadolite
Posts: 8,918
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1/4/2017 5:34:39 AM
Posted: 2 weeks ago
At 1/3/2017 9:55:16 PM, kevin24018 wrote:
At 1/3/2017 9:52:09 PM, sadolite wrote:
At 1/3/2017 9:34:52 PM, kevin24018 wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.

The only risk with real estate is not knowing when it will peak and fall again. It doesn't take rocket science and a PhD in economics to know. If you would not live in the house you buy and pay the price you are asking, it's a bad investment.

very true, but like you said 10k won't get you far by yourself, with lending being tighter, down payment %, closing costs etc, though there's probably some kind of co-op you can buy into I guess.

Creative financing: There are 1001 ways to finance a property short term. All financial investments have two things in common "risk and ambition". Knowledge reduces risk and ambition increases the chance of success. It really doesn't matter how you invest the money, what matters is your knowledge of what you invest it in and the level of effort you put into making your investment succeed.
I am not what you think I am. You ARE what you think I am
sadolite
Posts: 8,918
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1/4/2017 5:39:43 AM
Posted: 2 weeks ago
At 1/4/2017 5:34:39 AM, sadolite wrote:
At 1/3/2017 9:55:16 PM, kevin24018 wrote:
At 1/3/2017 9:52:09 PM, sadolite wrote:
At 1/3/2017 9:34:52 PM, kevin24018 wrote:
At 1/3/2017 8:46:06 PM, sadolite wrote:
10K isn't much money anymore. It would take decades using traditional compound interest methods to turn into anything substantial. I would try and find someone with enough money to buy a property and use the 10K to fix it up and flip it and split the profits. Me personally, I would buy car parts. I will never be able to retire, might as well enjoy life while I can.

interesting, I think sites like lending tree let you loan money to others, interest is based on risk, and they get their cut of course, but that is probably faster and more rate of return, though I'm not sure how the risk would match up with a money market account or some other kind of investment account.

The only risk with real estate is not knowing when it will peak and fall again. It doesn't take rocket science and a PhD in economics to know. If you would not live in the house you buy and pay the price you are asking, it's a bad investment.

very true, but like you said 10k won't get you far by yourself, with lending being tighter, down payment %, closing costs etc, though there's probably some kind of co-op you can buy into I guess.

Creative financing: There are 1001 ways to finance a property short term. All financial investments have two things in common "risk and ambition". Knowledge reduces risk and ambition increases the chance of success. It really doesn't matter how you invest the money, what matters is your knowledge of what you invest it in and the level of effort you put into making your investment succeed.

It sounds like you have little to no knowledge of any kind of investment strategy at this point and any investment would most likely end in the loss of your principal short of a no risk 1% or less return CD or a basic low interest savings account.
I am not what you think I am. You ARE what you think I am
FanboyMctroll
Posts: 253
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1/10/2017 6:56:35 PM
Posted: 1 week ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Hookers and blow
RonPaulConservative
Posts: 136
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1/15/2017 5:25:03 PM
Posted: 5 days ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

buy silver, it's undervalued, right now it's 16.87, but its natural price is 21$, therefor I buy silver and sell it when it goes up, thus turning 10,000$ into 12,448$
ken1122
Posts: 628
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1/18/2017 5:52:01 AM
Posted: 3 days ago
At 1/3/2017 2:51:13 PM, kevin24018 wrote:
At 1/3/2017 1:50:23 PM, ken1122 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.

do you have a target % return rate that you would shoot for? that's easier than discussing risk imo

6% or 7% would be about what I would expect.

Ken
ken1122
Posts: 628
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1/18/2017 5:53:45 AM
Posted: 3 days ago
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?

I already have a broker that I trust so I would give it to him, but if I did not have one, I would talk to a broker and get some ideas of what to do
kevin24018
Posts: 2,532
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1/18/2017 1:25:44 PM
Posted: 3 days ago
At 1/18/2017 5:52:01 AM, ken1122 wrote:
At 1/3/2017 2:51:13 PM, kevin24018 wrote:
At 1/3/2017 1:50:23 PM, ken1122 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.

do you have a target % return rate that you would shoot for? that's easier than discussing risk imo

6% or 7% would be about what I would expect.

Ken

I think that's a good % to aim for, I'm fairly conservative, though my 401k is semi aggressive and my 5 year % is about 9
BobTheRocket2 wrote:
Arguing with a liberal is like playing chess with a pigeon. No matter what, it's going to knock over the pieces, crap all over the board, and strut around like it's victorious.

"Beware the engineers of society, I say, who would make everyone in all the world equal. Opportunity should be equal, must be equal, but achievement must remain individual.
- Drizzt Do'Urden"
ken1122
Posts: 628
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1/19/2017 9:04:01 PM
Posted: 1 day ago
At 1/18/2017 1:25:44 PM, kevin24018 wrote:
At 1/18/2017 5:52:01 AM, ken1122 wrote:
At 1/3/2017 2:51:13 PM, kevin24018 wrote:
At 1/3/2017 1:50:23 PM, ken1122 wrote:
At 1/3/2017 1:39:43 PM, kevin24018 wrote:
At 1/3/2017 5:25:09 AM, ken1122 wrote:
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

Invest it.

how? invest in what? all of it?
If $10,000.00 were all I had, I would probably invest all of it in a mutual fund, and just watch it grow.

do you have a target % return rate that you would shoot for? that's easier than discussing risk imo

6% or 7% would be about what I would expect.

Ken

I think that's a good % to aim for, I'm fairly conservative, though my 401k is semi aggressive and my 5 year % is about 9

If that is a company 401K that matches a percentage of what you invest, that would be the route to go; you probably aren't going to find anything to give you as good of a rate of return as that
cyprus_junior
Posts: 4
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1/21/2017 7:47:25 AM
Posted: 6 hours ago
At 1/2/2017 9:51:49 PM, kevin24018 wrote:
you have no major dept to pay off, you have rent or mortgage, you don't need any big ticket items
what would you do? save it all, some of it, invest, party, donate to charity?

This question is very common on interviews in financial industry. More specific, he told you "If you have $1.000.000 and you want to double it within some years, what would you do?". i think the answer to the interview is to invest in bonds (if you are a risk averse person) or in new start ups (if you are a risk lover) but never forget that they do not exist perfect investments. The best investment is different from person to person.