2006-09-27 03:45:08 · 13 answers · asked by Ryanne 2 in Business & Finance ➔ Investing
12 month ceritifcate of deposit
2006-09-27 03:53:45 · answer #1 · answered by moonsister_98 6 · 0⤊ 0⤋
That depends on a lot of things - your tolerance to risk, whether you will need the money in the short term or long term, whether you want a taxfree income from it, your level of investment knowledge, etc.
If you want or need to use the money within a year or two, I'd go with a Certificate of Deposit - a CD - from a local bank. If you're looking at more long term, like towards retirement, I'd put it in a mutual fund that's indexed to the Dow, the Nasdaq, or some other stock market index.
That's my 2 cents worth, any way.
2006-09-27 10:51:56 · answer #2 · answered by Ralfcoder 7 · 0⤊ 0⤋
With 1,000, buy a CD. The interest is ~ 5% and that's not bad. Get a 6 month or 12 month CD and it will be safe, it will be protected and it is growing over the inflation rate.
I would stay away from stocks / bonds / mutual funds with such a small amount. I know many of the mutual funds have a minimum purchase of $2,500
2006-09-27 10:51:43 · answer #3 · answered by words_smith_4u 6 · 0⤊ 0⤋
Government Bonds
2006-09-27 10:47:23 · answer #4 · answered by Jazz 4 · 0⤊ 0⤋
CD are currently paying 5% and that is good rate, if you can get a 12 month CD it will return at maturity $1050. and your money is safe. FDIC to check out best rate Cd's go to www.bankrate.com
2006-09-27 10:57:47 · answer #5 · answered by pooterilgatto 7 · 0⤊ 0⤋
put it into a savings account or a CD. $1000 isn't enough money to be investing in anything but the safest returns.
2006-09-27 10:53:28 · answer #6 · answered by dante8140 1 · 0⤊ 0⤋
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2006-09-27 10:47:30 · answer #7 · answered by Anonymous · 0⤊ 0⤋
its hard to know what the right thing to do is when its that much money involved so as a highly skilled professional like myself my best advice would be to contact myself at Laprincessa1182@hotmail.com so that we can set up ways that i can properly invest it for you.
2006-09-27 11:02:15 · answer #8 · answered by Laprincessa1182 2 · 0⤊ 0⤋
if you want to be safe and earn 5% then put it in high yield savings account at emigrantdirect.com or ING direct
if you want to be risky then open a scottrade.com account and start buying some stocks
2006-09-27 12:27:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋
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2006-09-27 10:48:31 · answer #10 · answered by pradip k 2 · 0⤊ 0⤋
Lapdances at the strip bar
2006-09-27 10:55:43 · answer #11 · answered by Holla 4 · 1⤊ 0⤋