What is the best way to make it grow as fast as possible, and how would i go about doing it?
2006-06-20 06:25:43 · 11 answers · asked by cooki3cr3m3 2 in Business & Finance ➔ Investing
The quicker you want your money to grow, the more risk you have of losing it.
Three reasonable choices
1) Open a savings account
2) Buy a 1 year CD
3) Read and learn about the Stock Market and then start Investing in what you know such as Coke, McDonalds, or Microsoft.
2006-06-20 07:34:28 · answer #1 · answered by MathTeen 2 · 0⤊ 1⤋
Unfortunately, it is a very small amount to make some meaningful investment. Maybe you can start with a monthly saving plan on a mutual plan. Pick the emergy markets as it has dropped a lot lately. Put an initial sum of $500 and then $50 a month afterwards. Assuming the mutual fund grows 15% a year, you will save $2000 after two years.
2006-06-20 14:01:21 · answer #2 · answered by r11567 4 · 1⤊ 0⤋
Save another $500 and then put the $1,000 into Vanguard's STAR fund.
2006-06-20 07:59:14 · answer #3 · answered by HH@20 2 · 1⤊ 0⤋
Buy what you think is a beautiful tree. See previous answerer "okronbon". Sit back, and...enjoy.
Second choice (best...as fast as possible ?) go to Las Vegas and place all of it on a roulette wheel (green 00)
2006-06-20 06:37:22 · answer #4 · answered by Puzzleman 5 · 0⤊ 2⤋
Open a brokerage account at Scottrade and drop me a line.
Top 3 Answerer in Business & Finance. (Vote for me)
2006-06-20 13:18:45 · answer #5 · answered by Anonymous · 0⤊ 1⤋
open an ING Savings acct earning 4.25 APY and get a free 25.00 just email me for more details VERDJ@yahoo.com
2006-06-22 15:33:44 · answer #6 · answered by Jd 3 · 1⤊ 0⤋
Plant it in an area with lots of sunlight and be sure to water it every day.
2006-06-20 06:28:22 · answer #7 · answered by okronbon 3 · 0⤊ 1⤋
INGdirect CD's or Etrade CD's
2006-06-20 06:56:27 · answer #8 · answered by ES 3 · 1⤊ 0⤋
Plant it in my backyard. Leave. Call me in 100 years for an update.
2006-06-20 06:39:32 · answer #9 · answered by Anonymous · 0⤊ 2⤋
send it to me and ill buy a new computer and you will grow as a person !!!!!!!!!!!!!!! p.s. buy a bond or invest it in stuff you can sell and make more money i do it all the time good luck
2006-06-20 06:30:43 · answer #10 · answered by iammicasa 3 · 0⤊ 2⤋