2006-08-04 15:56:54 · 8 answers · asked by Anonymous in Business & Finance ➔ Investing
You can invest in Mutual Funds, especially non equity funds. You can even invest money in life insurance.
2006-08-04 16:04:26 · answer #1 · answered by maxvijay2003 3 · 0⤊ 0⤋
What is your goal, when will you need the money, how much risk are you willing to take, do you understand 'investing'...or are you a saver, etc etc. Too many questions. A simple thought, buy something you absolutely know you can sell for significantly more than the purchase price and go for it. I have made $$$ doing just that. This is a business approsch, not an investment as such. The key though is 'absolutely know'...
2006-08-04 23:05:06 · answer #2 · answered by homerunhitter 4 · 0⤊ 0⤋
It is always best to pay down your debts first. If you have a credit card bill that is charging you terrible interest rates, get rid of that first, then you can invest.
If you wish to be very conservative, you could start with a interest bearing checking account, or a short term CD, as the man above me suggests. The rate of return won't thrill you, but you won't lose your money either and you will get used to the feeling of having your money tied up and inaccessible to you.
I know it is horribly boring, but advice at your local bank is free...just tell them what your goals are, how risky you want to be, and how much money you plan on investing. They will give you all kinds of advice.
2006-08-04 23:06:51 · answer #3 · answered by turtle girl 7 · 0⤊ 0⤋
I would invest it in a mutual fund that meets your investment needs, either long term gain or preservation of income and capital. If you have a retirement plan, contribute that $1000 into it.
2006-08-04 23:00:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
mutual funds
money market
and CDs are actually pretty gitch right now.
check into local banks and find out what the minimum requirements are for opening an account. plus, you might want to investigate and compare interest rates.
just a thought.
2006-08-04 23:02:29 · answer #5 · answered by pyg 4 · 0⤊ 0⤋
If you have any debt, pay that toward the debt with the highest rate of interest.
Or maybe get hooked into lulu's scam and let her worry about how to invest it.
2006-08-04 23:10:20 · answer #6 · answered by frugernity 6 · 0⤊ 0⤋
The best home business....passive income.
Make $3.000 without doing nothing.
http://www.cash2mydoor.com
Real people making Real money.
2006-08-04 23:05:48 · answer #7 · answered by lulu 1 · 0⤊ 0⤋
Just get a CD or something reliable....short term investment...guarunteed......
no risk.....
A CD is the way for you to go.
2006-08-04 23:01:08 · answer #8 · answered by Anonymous · 0⤊ 0⤋