I have one thousand dollars I want to invest, what should I do with it??? Should I do stocks or high yield savings or Cd's or whatever else. I thought about putting it in some radical stock, because if I loose all of it is just a thousand dollars. What do you think?
2006-08-22 15:09:05 · 10 answers · asked by nick_15986 1 in Business & Finance ➔ Investing
I WANT SHORT-TERM RESULTS within 2 YEARS!!
2006-08-22 15:21:34 · update #1
Buy an all stock mutual fund. It sounds like you are younger, so you should primarily invest in stock. But with $1k, you should stick to mutual funds because they will diversify the money for you. Also, mutual funds will perform better in the long run than any savings of CD accounts.
Note that mutual funds usually have a minimum required investment. So you will need to find a fund which allows investments of $1k.
2006-08-22 15:16:47 · answer #1 · answered by mr_law_jersey 3 · 0⤊ 0⤋
Well, lets keep to the basics, I'm assuming u don't know any thing about investing since your taking other peoples advice on how to invest your own money. Don't worry I'm going to do this as a living pretty soon so i don mind telling you some things about your 1 grand. If you want fast results your going to get them from stocks, basic fact. No bond or GIC changes as fast as a stock does. Make sure you get some in-site on what your investing into, WALMART's stock isn't going to give you as much money as, lets say Microsoft in 2 yrs. if you want results in 2 yrs you have to play the risk game and invest in a risky stock, just make sure it has growth potential (you will know all this if you go see a professional) so that's my opinion for you, if you need results in 2 yrs go with stocks, if you have more time go with a mutual fund since it's your first time. Just remember the first rule of the game, don't invest money that you need, bad idea.
2006-08-23 01:30:54 · answer #2 · answered by up_riser 1 · 0⤊ 0⤋
If you've got a credit card with 12 or more % charge then pay it off first - that means you make 12+% return on it. Other than that, pick a small cap growth stock. You need to have a high risk tolerance though.
2006-08-22 22:27:39 · answer #3 · answered by Mike K 3 · 0⤊ 0⤋
If I were you, I'd invest the $1000 in stock. Buy something like JNJ (Johnson and Johnson) or another sure bet (Procter and Gamble). You'll get a nice 8-10% annual return on top of their dividend (which you should reinvest in the stock, through a DRIP).
Good Luck :-)
2006-08-22 22:13:25 · answer #4 · answered by The ~Muffin~ Man 6 · 1⤊ 0⤋
follow the 120 minus your age rule.
say your 35
120-35=85
therefore, invest 85 in stock, and 15 in bonds or cds.
i learned this in a principles of management course. follow it to succeed in early retirement
2006-08-22 22:11:57 · answer #5 · answered by jim 3 · 0⤊ 0⤋
First, if you have a credit card(s) you are paying interest on, pay them off first, then start a Roth IRA. Invest in a mutual fund of your choice. I feel this is the best way to start investing...
2006-08-22 22:11:16 · answer #6 · answered by Johnny B 1 · 0⤊ 0⤋
You need to learn to invest the right way, be patient, if not patient, your money lose preety quick. you need protect of your principle ay all cost by put the stop loss order at all cost.
yes, you should learn 3 things:
fundamental analysis( economic report,management,competition,... tell you what to buy
TECHNICAL ANALYSIS( CHARTS+ technical indicator) tell you what to buy
sentiment analysis (bull/bear ratio, put/call ratio) tell you how moody investor can affect your investment too
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 73000 in 401k, 30000 in taxable account
2006-08-23 00:08:45 · answer #7 · answered by Hoa N 6 · 1⤊ 0⤋
Buy a $1000 car and get rid your car that has payments.
2006-08-22 22:34:53 · answer #8 · answered by -* 4 · 0⤊ 0⤋
Invest it in tequila
2006-08-22 22:10:48 · answer #9 · answered by need help 2 · 0⤊ 0⤋
only $1K? buy some stock exchange..learn when time goes..
2006-08-22 22:17:32 · answer #10 · answered by aripp_ehh 1 · 0⤊ 0⤋