derobake
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Use $60 to purchase Mutual Funds for Dummies (Eric Tyson) and The Five Rules of Successful Stock Investing (Pat Dorsey). Keep the remaining $440 in a savings account, while you read and learn how to invest. |
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Hello peoples of the Earth!!!
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You should start with stocks. You can buy them cheap at many places on the Internet. I've seen stocks from like $7. |
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slavaret2
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Buy the best books on inesting/trading and an IBD subscription. |
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cj
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.
UFS http://finance.yahoo.com/q?s=ufs
http://moneycentral.msn.com/investor/StockRating/srsmain.asp?Symbol=ufs
Best wishes,
pup
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Jed
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The bank. Keep liquid.
If you are a church member, there are many, many good places to put the money. For instance, if your church has a deacon's fund, oftentimes it might go to buying an elderly person's medicine for the month, or feeding the hungry. |
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Adam J
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The easiest thing would be to buy stock in an index fund--this allows you to own a little stock in a lot of companies, is safer than just buying one or two stocks, and should give you a decent long term return.
Try IVV or SPY. You can buy both of these just like you'd buy a stock, and they hold all 500 companies in the S&P 500 (a list of the main US stocks.)
As for brokers, try:
www.tradeking.com
www.zecco.com |
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k g
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I would buy Crox next week....10 shares.
It WILL be going up.
But thats just me. I think by end of year the 500 will be at least 650 if not 700 |
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diamond dog
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Texas holdem poker, hope for decent cards, a good flop or just bluff it. |
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pdevans1963@rogers.com
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you have NO DEBT?
$1000 dollars will not go very far in the world of stocks and bonds but you could save a lot if you pay down on your credit card debt at which sucks cash from you @ 18% per year
You wouldnt earn that rate on the $1000 anyway
If you really are free and clear then hold onto it and add 10-15% of the net from every pay (directly by preauthorized transfers into a separate account if you bank online) and watch it grow. You should have enough money in the bank to cover 3 months rent and expenses in case of crisis.
Credit is nice to have but you dont want to live on it when things happen suddenly. You could get injured and be out of work.
Don't see money as something that has to be spent. One day you will want a house and you will need to put a lot of money down. |
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Frank Castle
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Discover Financial Services. |
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sporregar
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Illinois Tool - TDAmeritrade |
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michelob86
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Mutual fund. However, many require a minumum of $1000 or more. Check around. I go through Vanguard because of their low fees.
Signing up with an investment house is as easy as signing up for a new bank account.
I'd put your money in the meantime in a high interest savings account. I'm with EmigrantDirect. It's at 5.05% presently. See below.... |
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