Alex
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Why don't you invest in the stock market?
yet this question will be best answered by only you.
you know what is best for you !
I know of internet stock trading broker www.sogoinvest.com which is offering stock trading at $3-$1.
You can also do fractional share trading with the broker. |
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www.scapegoatz.com
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I would be really scared investing in the index funds right now as there may be a recession coming up soon. If you do invest make sure to spread in out. Watch FOXNews on saturdays and see if Tobin Smith recomends any thing. I have made some good money because of him. |
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Chad
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Put it into a high yield online savings account until you reach $3,000. You need to have at least $3,000 to invest in a "quality" mutual fund. Keyword being "quality."
ingdirect.com 4.20% APY
emigrantdirect.com 4.75% APY
hsbcdirect.com 4.50% APY
After you reach $3,000 visit vanguard.com and learn a out index funds and mutual funds. Vanguard is very well-known for mutual funds and their customer service. |
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ckm1956
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It all depends on your objective.
For general savings that you won't need for maybe 5 years, look at a broad index fund, such as those sold by Vanguard or others.
For short time savings, look at a money market fund. CDs can be a small part of a portfolio, but they lock up your money for a fixed period of time.
Individual stocks can also be a good part of a portfolio. But even the best stocks can fluctuate in the short term. |
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navymom
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Too many variables to submit an answer.
I would suggest asking again with info on age, dependents, high or low risk, homeowner, and debt status. |
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shay
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charity!! |
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jasonsegon
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try http://goldenbullstocks.com and do your homework |
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pokemike01
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I put mine in a CD. It only takes a few minutes at the bank or at home via the internet. I got a 3 month at 2.4% You can probably get a better deal if you shop around.
You can always put it all on red at a roulette table. =P |
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src50
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If your time frame is several years, consider a mutual fund. If you'll need it in a year or less, consider a bank CD or money market fund. |
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js789
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A lot of the funds available through brokers are loaded (American funds for example) the buy in is like $250....don't suggest going into loaded funds with so many wonderful no load funds..another topic
Anyways the funds offered by dodge and cox (great family), fidelity, T.Rowe price have a minimum investment of $2500 for most funds. T.Rowe and Fidelity have a lot of broad funds and sector specific funds. If you only have $2500 I suggest opening an account online (dodge and cox is by mail to start then online) so your only expense is the stamp, setting up a drip (dividend reinvestment).
The good thing is after doing the paperwork you can put your checking account directly to the fund family and add as little as $100 at a time (so that money won't be sitting earning a pittance with your bank).
Mutual funds are very liquid and are usually great long term investments. If you don't plan to keep the money invested a long time then see about money market.
Individual stocks are a lot riskier and with only $2500 to invest brokerage fee's are going to bite. (standard brokers charge like $50 per trade, online sites charge $5-$15 and most have strings attached).
I suggest mutual funds, the annual expenses are worth it to me to have it managed by pro's. Vanguards funds are very low expense...however many higher expense (sometimes loaded) funds give better returns.
If you were to have over 1 million though the front load magically disappears. (but shame on you for putting everything into one fund) |
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voluntarheel
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This really isn't a whole lot of money. I think I'd find a good CD (check with different banks, even local banks have their rates online usually). The type of rate you get is going to be determined by how long you put it in there. So you need a time frame in mind.
You have other good suggestions - like index fund and a few stocks - but those things do have some fees associated with them. Plus you don't have enough to properly diversify so you would put yourself at risk of losing money if the stock or fund you invest in goes down before you take out the money.
Go the easy route, a CD. Its not exciting, but this money isn't going to make you rich, you are just wanting to get some interest off of it til you need it - which is a smart thing. |
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catwoman44203
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You can never loose money in an annuity retirement account. If you dont need the money now, invest in the annuity. I f you need to take a withdrawl, though, you will lose a %. An annuity will grow annually and you can always add to it. |
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richwho2000
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give it to me |
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yoda the twentysecond
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I'm a stock broker. I invest other people's money until it's gone. |
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