what to do with $10k, page-33

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    Hi Dcarr, depends what your risk profile is.

    Maybe put $5K in a high interest rate fixed term account or something like Ubank and maybe invest the other $5K on a couple of stocks on the ASX.

    If you pick a speculative stock it could go belly up at any time. On the other hand the gains can be quite substantial. Gold mining is a great sector at the moment due to the high gold price, but just beware because there is an adage that a gold mine is a hole in the ground with a liar standing next to it.

    Also, if the price of gold starts to correct downwards, gold stocks usually get smashed.

    As for taking advice from traders, they can probably help, but they have very short time horizons and are usually in and out of a stock before investors have noticed it. If you can't sit by the screen all day, don't try to be a trader.

    None of the above is advice, of course. The suggestion about education and books is an excellent one.
 
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