This is all new to me and I am looking for info on who,what why where on ivesting
2006-10-04 12:52:02 · 12 answers · asked by defender163 2 in Business & Finance ➔ Investing
$100 is not a lot of money, and really not enough to invest in a managed fund, or buy a sufficient ammt of stocks. I would suggest going to a site like ingdirect or emigrantdirect and open up a high interest savings acct. emigrant usually has better rates. Put your 100, and whatever else you can save in there for the next year or so. When you have $1000 to invest put it into a mutual fund
2006-10-04 12:55:46 · answer #1 · answered by D_Herz 2 · 0⤊ 0⤋
If you got a 10% return (which is quite high these days), you'd get $10 after 1-year.
Why not put it into a savings account that pays the highest interest you can find.
That will be your 'pot' to which you keep adding 10% of everything you make until you have several thousand dollars.
Inch-by-inch it's a cinch. By the yard, it's hard.
Stay with this program and you will succeed.
2006-10-04 12:58:35 · answer #2 · answered by Smilin' Fred 4 · 0⤊ 0⤋
An I-bond. With stocks there is a buy and sell fee that will eat up that $100. CDs usually require a large amount of money and even money markets require around $500-$1000 before they give you interest. At least with an I-bond, you won't loose worth to inflation and there is no buy or sell fee.
2006-10-04 13:00:21 · answer #3 · answered by gregory_dittman 7 · 0⤊ 0⤋
I had 200 dollars and I waited one year before i invest . So,with 100 dollars you need to wait at least 6 months. It will bring u better result. Cause I earn nearly 200 dollar per month without much trouble and labour.
2006-10-04 22:21:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Savings account.... that's about all you can afford.
Of course with the best places paying about 4-5% you'll get a bit fat $4-5 after a year.
But, keep socking money away in your account on a regular basis-- it all adds up.
2006-10-04 12:57:48 · answer #5 · answered by dapixelator 6 · 0⤊ 0⤋
Buy a couple of books on building wealth that will help you learn the who, what, why's of investing for when you have a little more money to invest. For now, use that $100 for something for yourself.
2006-10-04 13:40:35 · answer #6 · answered by Anonymous · 0⤊ 1⤋
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http://investing.sitesled.com/
Good Luck and Best Wishes!
2006-10-05 00:34:34 · answer #7 · answered by stock.trade 1 · 0⤊ 0⤋
With only $100, a high yield money market account may be a good way to go. They are safe and you can find a little over 5% return.
Highest rates around the country
http://www.bankrate.com/brm/rate/mmmf_highratehome.asp?web=brm¶ms=US,416&prodtype=chksav&market=416&product=33&state=US&sort=4
Highest rates in your state
http://www.bankrate.com/brm/rate/mmmf_mmasearch99.asp?web=brm&prodtype=mut
Keep reinvesting the interest and just keep plugging away.
2006-10-04 13:07:00 · answer #8 · answered by Zak 5 · 0⤊ 1⤋
Try a Credit Union savings account. Mine gives me 4.65% and it's very liquid with interest being earned on a $100.00 minimum.
2006-10-04 13:27:34 · answer #9 · answered by Sean B 3 · 0⤊ 0⤋
Put it all on the 4th horse in the 4th race at your local racetrack
2006-10-04 12:54:26 · answer #10 · answered by Anonymous · 0⤊ 1⤋