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Ricky Mo | With only $500 in hand, what Mutual Fund would u suggest? |
With $500 availible and I am aiming at least 15% return within six months. What mutual fund would u suggest? |
 |
 
rosanamod
 |
www.fool.com
They really know their stuff. |
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johnman142
|
that is not possible with fees you would need to have a yield of over 50% try Vegas you odds are better |
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guitar_junkie_
|
If I could get 15% in 6 months, I'd be a millionaire. |
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ZCT
 |
I would suggest that you are wasting your time. By the time you pay fees your return is unlikely to be 15%.
Here's a better idea. If you have any debt at all, mortgage, car payment, loan, credit card, store card etc. Pay it down by $500. This will reduce the interest you end up paying and therefore will save you a lot of money. |
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mksjmyd
|
You need at least $2500 to buy into a mutual fund. Don't take stock advice from the internet. |
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Thundercat
 |
Use it to pay your debts. Otherwise, put it in a money market (like ING direct). I'm guessing you don't have much, if any, of an emergency fund. |
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Yardbird
|
Most mutual funds cost more than $500 to start an account. So maybe an ETF would be better, purchased through a low-cost broker like Scottrade. How about PBW, an alternative energy ETF, or PHO, water resources ETF; both have good potential. Of course, you shouldn't really be investing in stocks unless you have a long term investment horizon. Consider the Paypal money market fund, which now pays 4.72%--much safer for a short term investment. |
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john g
|
sorry i think your expectations may be a bit high.
maybe you coul find a better investment than mutual funds.
try running an online business like me. check the best ones here:
http://www.BizOppReview.com |
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Ohai.
 |
It has to be higher than that .. ! |
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cyclist
 |
Most mutual funds don't take less than $1000. Look to the stock market, ie. NASDAQ 100 TRUST (QQQQ) or Russell 2000 Index (IWM). These are equity exchange traded funds and are bought and sold stocks. Be aware though, the market is very volatile right now and the risk is very high, especially since you only want to keep the stock 6 months. These are best as long-term investments. Good luck. |
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