ADMIN
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put it in a cd and let it draw interest--perhaps 6mo-12mo certificate. that way you will have access at the end of the period. $1500 is perhaps a lot of money to you, but not that much for buying stocks, etc.--not to mention it's very risky in the stock market. at least your cd is insured. |
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THDK
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Spend $50 on a good dinner and then bet it all on Red.
You will spend it all anyways, why prolong it. This way you at least get a good dinner out of it and you have a chance to double your money. You don't have to wait long to see the result on your investment. |
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Hans
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if you don't know where to invest, i think you should invest in education first. |
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cmeduck
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Here's a great book on trading for beginners:
http://www.best-stock-trading-systems.com/trading_for_beginners_review.html
Here's a page for finding a good good mutual fund to invest in:
http://www.best-stock-trading-systems.com/mutual_fund_ratings.html
Or, you could start up your own part time service business. Then put that $1500 toward business cards or marketing and other things you'll need to start it up. Then list your service on craigslist.com and other places. |
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pgcpaul
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Take action NOW. This is all you need to know.
http://www.vanguard.com
Open a Roth IRA.
Put the $1,500 into VFINX (S&P 500 Index Fund)
Sign up for automatic checking account small withdrawals
Once you have done the above, then you will have plenty of opportunity to figure out what to do next. YOU DO NOT need further research at this time.
DO IT NOW! |
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chris b
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convert it to cash that reads: in god we trust, and then ask the treasury to invest it with god for you: that should mature quite quickly and yield you one whole nation of your very own ... and wait a little more long for your own planet ... ... i guess i've an aunt whose a stock broker, i'd give any investment money to her for mutual funds if i didn't prefer feeding it to the gaping black hole in my pocket ... and if i had a whole heap of money, i'd probably invest it in real estate, most likely water front real estate (being aware of any erosion problems) or maybe select urban real estate or farmland likely to be developed in the future) ... i hear there are special savings accounts with high interest rates these days, but i kno nothing about them |
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nicholas l
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Invest in yourself. Invest in education. Put the money in a high-yield savings account then buy at least 5 books. Start with personal finance. Keep reading until you've made up you're mind. Alternatively, just go the library and read their books. |
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miroooslav
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i did this with a $1000last year and now i have over
$60 000 cash great company.
www.makemoneyfromelectronics.com
search it up in yahoo thats where i found it to also in google the wesite and you will get alot of answers from it great business easy too bye bye hope i can help. |
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rosazamansarifdin
|
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Adam J
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You can invest it easily in the stock market.
Just 1) open a brokerage account. (www.scottrade.com, www.tradeking.com)
And then 2) buy shares in an exchange traded fund (a type of mutual fund that trades on stock exchanges like a stock) that holds stock in a market index like the S&P 500. This allows you to effectively hold stock in 500 different companies which reduces the risk that you'll pick a bad stock. Two examples are the ishares fund (ivv) and the spdr fund (spy). Good luck.
3) Sit on the money. Over the long term it will almost certainly go up. |
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Matthew
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I would look into guns and knives. my father-in law has a few that have more than tripled in value in 2 years. |
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burney
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Just spend it. Life's too short to worry about mutual funds and sh*it |
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