extra $4000? what to do?

Philippines
February 5, 2007 9:03pm CST
extra P20,000.00. i just recieved a commision from my work. i succesfully got this certain company to sign their workers fro us. btw, i have this extra money. any idea where i can invest it? or what to buy?advices & tips will be surely appreciated:D
1 person likes this
4 responses
DJ9020
@DJ9020 (1596)
• United States
6 Feb 07
Pay off debts or put it in savings. I don't know about retirement there, but if you have something like an IRA I would put some of it there.
shangsyndrome
@shangsyndrome (814)
• Philippines
6 Feb 07
ohhh.. we dont have IRA here. and thank GOD i dont have any debts.. either any of my family. thanks for the reply ;)
Willowlady
@Willowlady (10658)
• United States
6 Feb 07
I would save it somehow. You never know when you will be in a sticky situation and need some cash. Put it somewhere insured and secure. Put it where is can be given interest in a decent manner. You will need to see what is in your area and then make you decision from there. If like me you have a banker you can talk to. Explain this to them and see what they have to say. Good luck and congratulations.!
angel108
@angel108 (570)
• Philippines
6 Feb 07
You may want to invest it in a good project for the community. Of course save some in the bank for some emergency use.Also give something to the Church or any charitable institution.Your lucky to have that commission and so share it.Through sharing you will receive even more.(By the way how did you earn that and what company?)
beachcomber
@beachcomber (141)
• United States
6 Feb 07
I would certianly invest it. You could do a lot with $4,000. stocks, bonds silver certificates. I personally would look for a stock that was doing well and invest it there.