2006-06-18 01:48:49 · 11 answers · asked by Hungry!! 1 in Business & Finance ➔ Personal Finance
Oil and Weapons are good investments right now
2006-06-18 02:04:19 · answer #1 · answered by MrCool1978 6 · 1⤊ 0⤋
The stock market isn't like a craps table. You won't double your money in a year.
The stock market is for long-term investing. If you're in it for the long haul (5+ years) put your money in a no load mutual fund and KEEP ADDING MONEY every month. Pick an amount. $50. $100. You'll be amazed at how it adds up in a few years. The power of putting the same amount of money into the stock market is in something called:
dollar cost averaging
This allows you to buy shares every month at whatever price they happen to be. The highs and lows average out and you get an average price per share that over the long term far superior than picking one month which might be a peak price.
If you want to double your money for a specific purchase then just get a second job or work overtime and save the extra money in a savings account -- not in your checking where you have access to it. You'll be guaranteed to reach your goal.
Good luck.
2006-06-18 02:15:33 · answer #2 · answered by aikman 1 · 0⤊ 0⤋
The only thing that $500 will get you is a dirty look from a broker.
You should NOT invest in stocks unless you have at least $25,000 to create a diversified portfolio. Even then there are no guarantees that you won't loss any, or all of your money in a down market.
Even most mutual funds have a minimum investment of $3,000.
Do the smart thing, put your $500 into the bank, perhaps a CD.
2006-06-18 03:17:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
That amount of money isn't much. I hope you aren't looking to make a small fortune.
The stock market is very shaky right now, ever the "sure things" that made money are taking a dive.
You would do best to put that money into a savings account, at the highest interest rate you can find. Go to www.bestrate.com (I think that is the correct web) to check out the best interest rates in the U.S.
2006-06-18 01:53:34 · answer #4 · answered by MadforMAC 7 · 0⤊ 0⤋
Stay away from equities until the end of the year, the market is in the middle of a "correction" now but that should be over in Oct, Nov....
2006-06-18 02:04:55 · answer #5 · answered by bruner89 2 · 0⤊ 0⤋
you just might try like a thousand and up invest on grownig stock markets
2006-06-18 05:03:42 · answer #6 · answered by bnbnbnb123 2 · 0⤊ 0⤋
Unless you know what you are doing then you should forget it. Five hundred is no way near enough money to be thinking about buying stocks.
2006-06-18 02:44:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋
its not a lot to some-heres an idea for you,offer it up as venture capital for someone elses idea,select the one you think would suit you best and invest in them for a share of their profits and the business generated,its up to you ,nothing ventured nothing gained,moving water doesnt stagnate-go for it.!!!x
2006-06-18 01:58:38 · answer #8 · answered by Tommy D. 5 · 0⤊ 0⤋
gas stocks
2006-06-18 02:06:12 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Research and education my friend. Be wise.
2006-06-18 01:53:33 · answer #10 · answered by ndvsne1 4 · 0⤊ 0⤋