 Is it worth it to contact a broker if you only have $500 saved to get started with? |
Might they just not be able to help you and ask you to come back with more to invest ? Or how might these things usually work?
Additional Details
A brokerage firm such as Schwab or one ... |
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 If a tenant hasnt payed for 5 months and doesnt intend on paying what can the landlord do? |
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 How do you turn $50 into $100 in less than a week? |
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 Stock market, what would you invest in? |
i am not actually planning on investing in stocks. i do buisiness studies in school and we have to watch a few stocks for 2 weeks
Additional Details
could you please give me an ... |
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 ONLINE STOCK TRADING...how to start? what to do? |
I want to play with my money a bit..in hopes of a profit ofcourse!
I know nothing about stocks .please help? where to begin, how and what to invest in..pretty much the basics.
thanks!!!... |
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| With consumer confidence so low, the declining dollar, housing market and mortgage crisis. Would it be a bad time to invest 800,000k for my mom to live off of. My father just passed away and now ... |
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 Looking for advice on the best way to invest $20,000 as someone in my mid-20's?? |
| I am looking for advice on the best way to invest $20,000.00 I recently turned 25. I am not looking to purchase a home until my late 20's as I may need to travel/relocate within the next ... |
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 I want To Earn Profit of INR 30000 per month in Passive income.? |
Condition-dont want to gamble, no share market or 8-7 job,
Maximum investment- INR 5,00,000
Suggest ideas or business & Pro or cons
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 I received a sizable amount of money. What is the best way to invest it with the least amount of taxes taken. |
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 If you buy a stock for $100 and then its price drops to $50 and you sell it, where does the missing $50 go? |
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 How exactly does one buy stock online? |
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Krissi | Certificate of Deposit question!!!? |
Ok, I have never had the money or credit to open a cd. Now that I do........It is a high yield cd. 3.10 APY fourth month contract. If I were to put the $5,000 into this cd, how much money would I accumulate from this offer? I think there is more to it then just what it says so I need someone with expierence to help me out!!!! |
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Wisher2Wishee
 |
you will make about 50 dollars. |
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anabanana
 |
you would make 51.64 after 4 months.
5000*0.0310=155
155/12=12.91
12.91*4=51.64 |
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Kiker
|
Okay. It says 3.10% APR, which means you would get that 3.10% of your $5000 if you kept that money in that CD for 12 months. Problem is, your CD is only a four month CD. So you would not actually get 3.10%.
3.10% of $5000 is $155. Since you are only in there for four months you will only get a third of that money, or $51.66.
To be honest, you would likely be better off clearing out all you debt and cutting up your credit cards. Clean up your debt first THAN look to invest. |
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IncomeInvestor
 |
Hi, Krissi,
You could also put your savings into a money market account.
That way, your money would be available to you just in case you face a sudden emergency such as your car breaking down. You could get hold of the funds you needed without someone giving you a hassle about the penalty you'll have to pay for early withdrawal.
Also, as you're able to save money, you can add more money to your account, and it will earn interest right away. You can't do that with CDs.
Your money would earn a comparable market rate of interest.
The one downside is that they're not insured by the federal government, but nobody has ever lost money in a money fund since they started.
best, Rick
PS. CDs and money market accounts are appropriate only for money you may need or want to use within 5 years. For long term investments, you should check other types of income investments. |
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mink136
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NOT ALOT. |
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jose_jose378
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multiply 5000 x 3.10 and divede by 3 is what you will get |
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zygote222
 |
Four months is one third of a year, so you will get a third of the 3.10% interest. That works out to $5000 * .031 / 3 = $51.67 |
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Amanda H
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figure 3.1% on 5000 is about 155.00.
then 3.1% on 5155. in year 2 would be 159.81+the 5155 =5314.81
so multiply the 3.1% of that for the 3rd year
and so on |
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dasher
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depending on what you want to do with the money after the 4 months, like if you are going to reinvest it or use it for a down payment on a car or something, I think you would be better off to put the $5,000 into a money market account. It is like a savings acct, but gets high interest. I have one with A. G. Edwards and I am getting 4.75 % interest. That way it is earning high interest, but you can also access it if you need. check it out |
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rosie45
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That also depends on how long you let it mature. When it reaches maturity (depending on the contract), you can always roll it over again, and keep doing this. I have made a couple of thousand on a $9K CD. |
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