2006-08-14 22:20:05 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
I would say put that money in a high yield savings account at ING direct. It pays 4.35% interest and is FDIC insured, and it won't lose any value. This return is a guaranteed one. Good luck
http://www.ingdirect.com
2006-08-15 04:09:23 · answer #1 · answered by Spock 6 · 0⤊ 0⤋
Index Funds!
Why waste time trying to pick stocks, when you can get the entire Stock Market in one low-cost fund? Try the Vanguard Total Stock Market Index Fund. It has a very low expense ratio, and it's one of the lowest-risk investments you can make. Think long-term--let your money grow at least ten years. You won't get the reward of super-high returns, but you won't feel the pain of massive short-term loss, either. The more you can put in on a regular basis, the better. Picking stocks is exciting, but remember--every time you buy and sell a stock, you'll have to pay a commission, which eats into your profits. Think long-term and buy the entire market with a Total Stock Market Index Fund from Vanguard or Fidelity.
2006-08-14 22:32:39 · answer #2 · answered by bodotdot 2 · 0⤊ 0⤋
I think minimum investment for the Vanguard Total Stock Market Index (VTSMX) which mirrors the S&P 500 is $3000. Go to http://www.vanguard.com to be sure.
Also go to http://www.bobbrinker.com and look at the Recommended Reading List. That'll help you become a better investor.
2006-08-18 21:15:56 · answer #3 · answered by Anonymous · 0⤊ 0⤋