Men's Life Today: Expert Q+A

I've got a little extra cash coming in after college: My dad is giving me $10,000 to start my portfolio. What's the best way to invest it so I can get the greatest return in this treacherous economy?

There will be a day when risk is prudent and stocks will be the play. Even though the stock market may be on the upswing (at press time), there still may be economic bumps ahead, so saving a big portion of your investable money is wise -- and it will show your Dad that you know what's going on in the national and global economies.

One of the biggest risks to your money is inflation, so take 20 percent of it to a reputable coin dealer -- you can find one at the Kitco Web site -- and buy U.S.-minted gold Eagle coins. Since gold is a hedge against inflation, owning gold is a smart investment. If inflation strikes, your gold will increase in value -- your portfolio will not be adversely affected by higher prices and falling equities.

Keep the rest of your cash in a “CD” or Certificate of Deposit. CDs offer higher returns than the standard, vanilla savings account, and since they’re FDIC insured, you won’t lose your money -- even if things turn south in the economy or the bank. You can find a high yielding, FDIC-insured and liquid CD at the Bankrate Web site.

After you’re finished doing all this work, take a minute and pat yourself on the back. In fact, pull up a chair, pour yourself a beverage and turn on “Happy Hour.”