so i inheretid an IRA from my grandfather and need to take it out of his bank and do somthing with it???????? i want to use this money to make more money, please only sensable comments. most will say...big turbo kit or sumthin but that is not what im asking.

 

i would most likely make my own IRA and invest it. I know a turbo would be fun but u should invest or save it. Maybe buy u something that u need. Like i promised my dad if he was to die i would buy a house immediatly with the money if i didnt get the one we are luving it right now. Just so i will always have a home incase he is not around to provide one in a time of need. But 2000 wont buy u a house.

 

go to your bank and talk to one of their advisors. 2k isnt a whole lot of money but I'm sure they could guide you towards the best return and you could just keep rolling it over until it is a good chunk of change.

 

Yeah it's not alot, but you have to start somewhere. I'd put it into an IRA as AGP said and continue to add to it.

 

IRA or Mutual Fund for sure. Depends on when you plan on withdrawing it. And if you're young enough (sorry I don't know), if you continually add to it for say the next 10 years, adding I think $2k/year, when you retire you'll be sitting at a nice sum over $2M if I remember correctly and assuming that your portfolio was carefully selected (or maybe not for that matter -- safe investements).

 

I would put eveery penny in the stock... its doing great right now....

































j/k IRA should be the best to roll over your money a couple times... just keep adding to it and youll be good.

 

depending on your age, you might even want to do a roth ira. that is what i have.

 

You could put it into a CD (Certificate of deposit)

 

whats the difference between a roth ira? and a CD?

 

Two chics at the same time...

Haha.

Seriously though, do my maintenance($250 or so), get some new Kumho Ecsta MX 225/45/17 (Right near $550), get the tires balanced and get an alignment... I need it (Another $90), get a Koni Yellow Suspension ($525), Eibach Sway Bars ($250), GReddy Type-S (Used for about $80), Type-S Flange ($15), Exhaust with Magnaflow 3" in 2.5" out Muffler with Thermal Tips ($250). And that would put right at about $2,000.

Then I have to do a clutch, so I'd go kick my brother's ***, and take his cut.

Then I would probably take the money I've been saving for my maintenance, and get an APR Stage I Chip. Then when I had an extra $650 or so, I'd upgrade to Stage I+. And that would be fine for a while, I'd probably do a bit here and there, but that would do just fine for a year or so.

However, if you want to make money... Start deal hunting for modified cars of any kind, buy them cheap, part them out, and turn a nice profit. I've done that once or twice, and it turns out really good each time.