$10,000 inheritance - what to invest in?

HI Guys,

I have just inherited $10 000, I was thinking investing in some blue-chip stocks maybe telstra?

Of something with a good dividend.

I don't have any debts, just want to put it aside for a rainy day.

Any advice would be greatly appreciated.

Thanks in advance

dazed321 said:

HI Guys,

I have just inherited $10 000, I was thinking investing in some blue-chip stocks maybe telstra?

Of something with a good dividend.

I don't have any debts, just want to put it aside for a rainy day.

Any advice would be greatly appreciated.

Thanks in advance

Click to expand...

Legally, we cant advise you.

You could invest in a single share, or you could look at ETF's which would give you some diversity.

Hypothetically speaking, if a debt free friend were to ask me for my suggestion on how one might safely invest a $10K windfall for a rainy day, I'd alert said friend to the existence of a certain style of bank account that pays bonus interest each month that no withdrawals are made and a token amount (varies between $5 and $200 depending upon the bank) is deposited.

dazed321 said:

... Any advice would be greatly appreciated ...

Click to expand...

If I was risk averse, a term deposit sounds ideal to me!
If, however, I was determined to risk the money, I would learn as much as possible about investing.

First lesson ... there is a good time and a bad time to enter the market.
Check the chart and ask if this is a good time to buy Telstra (since you mentioned them first)

Second lesson ... learn a lot about a few companies.

Suggestion: Read the TLS Telstra thread (type TLS in the search facility)