US456
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I would say put some of that money in a high interest savings account such as ING Direct (4.5% no fees no minimums and FDIC insured). They also have CDs at 5% and higher. If your interested in opening a savings account I can send you the referral link and with a deposit of $250 or greater you can get a $25 bonus (only available by referral.)
If you want to be a little risky I would say invest in some moderate mutual funds. ING also offers them but you can also go to your local bank for mutual funds. |
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jdkilp
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A certificate of deposit, for that small amount of money. |
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kana121569
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You can put some in a Roth IRA
That amount is a good start, but you wont get rich on it very fast. You always make more money on moderate/high risk investments.
You need to call a financial planner for advice. |
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whome?
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international healthcare or biotech mutual fund |
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bow_wow_wow_yippieo_yippiea
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Even after investing in an IRA you need to find a suitable money making vehicle to purchase. So look at it this way: do you want to save for retirement or do you want to invest outside of a retirement account? What rate of return do you expect? Would you be happy with a low rate of return such as US treasury bonds in which you always get your face value back plus interest, or prefer more risk such as stocks or mutual funds? |
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Ken C
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First, it always scares me when the term "Best Investment" is used. You didn't provide any information. The only way you could get to any answer would be to state your goals, how long, when do you plan to use it, and the list is endless.
Perhaps go to the Bank, put it in a savings or money market account so it can earn a little interest. Then speak to an Investment Professional, and give him/her your goals, hopes, dreams and ambitions. What you really should do for the long term before you invest. Do you need it in a couple years to buy a house, go to college, get a car? Are you 21, 31 ....or 71 years old? What would be the right investment for me, might not be for you and vice versa.
Get some advise and council. Please. Before you do anything. |
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billone44
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Well a good question and the answers are somewhat vague ...first in your mind you need to find out what you consider a safe investment. There are many "Safe" investments but the returns are minimal. Next what is your goal..What are you trying to accomplish and in what time frame? Now personally I trade in the forex markets and I am my own trader with other investors . Normally we make a return of around 5.3% per month which translates to over 30%apr, which by any standard is good. some professional forex traders boast of 300% plus return which yes is a possibility but as in any investments there is risk. The higher the return normally means there is alot more risk. Personally when I form "investment clubs" The return is good and it is also secured by commodity futures as well as the forex markets. Why ? simple to reduce the overall risk in trades. All clubs are formed for two years maximum and depending on if you seek monthly income or long term gains will ultimately determine your final return. Most trades I effect are when a profit of at least 5 pips is achieved. If you would like to learn more write to me at billone44@yahoo.com till then have a great day
William Galloway |
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RayM
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To best A this Q we need to know if you have a short term or long term need. All investements have risk. CD's risk inflation higher than return. Stocks and bonds can go down. |
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ellyna
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Hi..my name is Elly. I'm one of the Financial Consultant. I can guide you on this. Kindly email me at money_zone07@yahoo.com for further info, tq! |
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hightechchic
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Without a risk is a pipe dream.
There's absolutely NO investment that's without risk. There are certainly some that are significantly lower risk than others, of course. But when I see phrases like "without a risk", alarm bells go off in my head. You need to be realistic about your investments before you invest a dime. And reality is, you COULD lose. That's not to say it will happen, but you need to understand that it could (and does) happen. |
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Chuck P
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Buy saving bonds |
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