2006-09-12 03:13:11 · 10 answers · asked by nina 1 in Business & Finance ➔ Investing
Mutual funds. Sign up for an Automatic Purchase Plan where you have say $25 taken from your account every month and put towards mutual funds. That way you don't need a large lump sum to start with, and you will hardly miss the small amount taken every month.
I recommend www.ingdirectfunds.com because they have low commissions, no fees.
2006-09-13 07:26:02 · answer #1 · answered by ontario ashley 4 · 0⤊ 0⤋
I would suggest either a mutual fund or a micro lending site like prosper.com. If a little money is $50, go to Prosper and lend it out. If a little money is several thousand, go for a mutual fund.
I currently do both. My average return on Prosper is 25% and my mutual fund is about 6%. The prosper investments are very risky. Once I adjust my return for probable defaults it drops to about 18%. The MF is less risky because it is a highly diversified set of assets.
2006-09-12 10:18:06 · answer #2 · answered by Fermat 4 · 0⤊ 0⤋
Start an automatic investment into a mutual fund. Many of them will waive minimum initial dollar limits if you set up an automatic monthly debit to invest. It adds up quick.
2006-09-12 10:20:29 · answer #3 · answered by klarf 3 · 1⤊ 0⤋
With a very little amount of money, I'd suggest you contact one of the mutual fund companies and open an account. As mentioned above, most will waive their overriding minimums if you establish a systematic contribution program.
2006-09-12 10:48:23 · answer #4 · answered by derek 4 · 0⤊ 0⤋
Mutual Funds, Fixed and Recurring Deposits, Stocks
2006-09-12 10:15:11 · answer #5 · answered by quilm 3 · 0⤊ 0⤋
It depends on how little. My advice to you is to take your $500 (if this is a close amount) and go to garage sales. Look for the special buy.. then put it on ebay. You will can earn an easy 100% RTO which you cannot do anywhere else. Once your cash flow is substantial, then look towards precious metals.
2006-09-12 10:17:31 · answer #6 · answered by Richard B 3 · 0⤊ 0⤋
Make sure you have no bills to pay first, or it will not matter. The intrest you pay on them will offset the money you make on any investment.
2006-09-12 10:16:05 · answer #7 · answered by pepper_y2k 3 · 0⤊ 0⤋
None. Commissions will kill you. Save up at least a few thousand dollars, then buy a no-load index fund.
2006-09-12 12:25:12 · answer #8 · answered by NC 7 · 0⤊ 0⤋
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2006-09-12 10:15:40 · answer #9 · answered by stmarysfinest 1 · 0⤊ 0⤋
get a cd at your bank, they will have a fixed interest. some places have 6month cds, you'll make a few bucks back quickly
2006-09-12 10:15:18 · answer #10 · answered by mickey g 6 · 0⤊ 0⤋