I'm single and make 31k a year. I have 5k to invest. Where should I invest my money?

Put your savings into some indexed mutual funds

OMG!!

DO NOT, DO NOT, DO NOT ask people here this queston!!!

Go learn about investing before you put your money into it!

Do NOT ever invest in anything you don't understand. EVER! EVER! EVER! YOU WILL LOOSE YOUR MONEY THAT WAY!

So what you should ask is "I have 5k to invest. I am 31 and single. How should I go about LEARNING HOW TO invest it?"

Three ways here.

1) Do a google search on DAVE RAMESY. Most people who give investment advice do so for professional investors. They talk about the beta of the portfolio and such. Dave talks like your grandmother would. He gives you good advise too.

2) Watch CNBC. Just watch it. Have it on in the morning before you go to work. You may not understand everything at first, but don't worry. Just listen as you get dressed in the AM. (It will do you good to get away from the "Paris did this, Brittany said that" chatter anyway.)
As time goes by you will start to understand more, it will start to make sense. It will take a couple of weeks but all of a sudden you will wake up and UNDERSTAND something... maybe it's oil, maybe it's real estate, but you will start to understand things. It only gets more interesting from there. Markets are fun, watching how all the pieces fit together and figuring out what's going to happen next.

3) Same as above, only with the WALL STREET JOURNAL. Besides, everyone will think you are uber-smart when you read it in the break room at work.

4) Get a GOOD investment book. Emphais on GOOD. There are lots of investment books out there. Most of them... well think about it, if the author really knew what they were talking about why would they be writing a book and not using the formulat to invest? Bottom Line, most investment books are trash.

Jim Kramer is the exception to that rule. Jim Kramer (he does MAD MONEY on CNBC) writes good books. So does Dave Ramsey.

5) After spending about 6 months learning about the market, investments, etc. THEN and ONLY THEN go see liscenced and reputable broker and talk to them about what you need. Don't worry, the Stock Market will still be there in six months, you have the time to learn this stuff. You need to take the time to educate yourself before you go talk to anybody though, so you can tell if they know what they are talking about.

6) DO NOT, DO NOT, DO NOT, DO NOT go to any seminars or buy any magic software that will help you "pick stocks". If this stuff worked the big name firms would buy it up and make it proprietary.

Good Luck.

Hi, here is a collection of informative articles about investing. a free online investing tutorial for you.

http://www.investingtutorial.info/

good luck !

wish you make fortune from investing !

just a thought....
assuming you already have some other cash set aside to cover an emergency.....(about 6 months of bills).. and that you aren't planning on spending this money in the next few years or so.
open a Roth Ira so that your earning can grow tax free. If you need the money back you can withdraw your contributions without penalty, and the gains for qualifying circumstances. Invest in an asset allocation fund that covers a wide range of
asset classes.

Do you have outstanding credit card debt? If so, pay that off first. Do you have a 3-month emergency fund in a bank or money market account? If not, do that.

After that, it is really up to you. If you want to learn about retirement investing, read some books. I have a free book on my website. Just click on my profile to find the site. Another excellent book is Mutual Funds for Dummies, by Eric Tyson. Just as a previous poster said, learn some basics before putting your money into anything. Especially learn about what "asset allocation" is and how costs impact your return over the long-run.

Let me share a little bit of wisdom from the great investor, Benjamin Graham, in his book "The Intelligent Investor". He provides 3 basic tenets that the intelligent investor must follow.

1) You must aspire to "adequate", not extraordinary, performance.
2) You must understand what you are investing in before you buy it.
3) "You must deliberately protect yourself against serious losses."

Get the list of top sites that will help you make money the easiest way.
http://make-moneymoney.blogspot.com/

Hi,

I think it would be perfect business for you forex trading. Forex really is very exciting business that could be very profitable. Just imagine you could trade from any place in the world 24 hours a day from Sunday night to Friday night (5,5 days per week).
I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG.
They have very tight spreads. Total 25 currency pairs Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.

LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.

MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.

SWAPS are counted as negative as positive. Also is available swap-free accounts.

STOP and LIMIT orders may be placed as close as 5 pips from market price

TRADING TERMINAL Meta Trader 4.

Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.

Initial account opening deposit from US$2000. This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).

If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.

If you have any questions please do not hesitate and contact me.

Good luck!

There are many good ways to invest, through using a broker to joining a club. I recommend a club for the reason one is there are no fees to join, two you can learn about investing while you earn on your money, three $5,000.00 is not all that much to invest to earn an income on unless you are willing to reinvest profits. If you need more info write to me at bankerbobretired@yahoo.com

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