I have $2000.00 to try and make the most out of, what would you do with it? I am asking experienced investors here!
2006-12-16 05:31:53 · 10 answers · asked by Michelle N 5 in Business & Finance ➔ Investing
I would open an Etrade account and put $1k in their "Savings Account" it will make you 5.05% and you can pull it out at any time. Then I'd put the other $1k into the stock market, maybe buy Apple -(AAPL) (or maybe a home builder stock like KBH or TOL).
2006-12-16 06:10:20 · answer #1 · answered by Dave 2 · 1⤊ 0⤋
Ah.. some last minute tax planning.....
Best investment: YOURSELF!!
Take classes to improve yourself and your knowledge (i.e. Masters Degree). Improves marketability also!
Disagree with the guy who said 30 yr bonds. Doesn't know what he's talking about. Remember this about bonds... the longer the holding period, the higher the risk (i.e. Finance 101 - interest rate risk! Not many traders/investors buy greater than 15 yr bonds!!)
Can't buy much bonds with $2k anyway.
BASIC QUESTION FOR ALL INVESTORS:
How's your risk??
Simple question but usually complex answers!
Now, with $2k, you could simply invest in an IRA/Roth IRA account.
You can invest in a mutual fund or a high interest-bearing MMKT account.
Problems....
You never stated when you need the money. Will you need the money sometime in the next month or so to pay for expenses?
Consider liquidity issues!
Also, $2k is really not enough to invest in anything substantial BUT it is a good start!
DISCLAIMER: Information provided is only intended for informational purposes only not actual investment advice.
2006-12-16 13:58:12 · answer #2 · answered by MrMojo1 5 · 0⤊ 0⤋
Get an ING Direct savings account, it has pretty good interest and it's very safe. If you are looking to make lots of money from it, invest in stocks and bonds. Or you could start a home business. You should go to my website. http://shannon.myteamonthego.com/ just enter your information on the next page and I'll email you. Don't worry, nobody will call you about it.
2006-12-16 13:38:03 · answer #3 · answered by Shannon B 2 · 0⤊ 0⤋
It's probably only worth putting in a ISA or Bond it's not really a significant amount for an experienced investor to take seriously.
2006-12-16 13:36:30 · answer #4 · answered by Bohdisatva 3 · 0⤊ 1⤋
to be safe go with govorment bonds or mutual funds. to actually make money, take 300 of that 2k and get some stock marjet books and learn the market, after a fe months put 500 in the market and invest and make money
2006-12-16 13:46:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you are willing to wait for your investment to pay off, invest in a 30 year bond. Bonds are the safest investment and have a decent pay off
2006-12-16 13:34:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
To tell you the truth the best investment is in yourself, put it in your saving account until you get more money and open your self a business. From there its up to you what you'll do with it. -Good Luck-
2006-12-16 13:40:09 · answer #7 · answered by king james 1 · 0⤊ 1⤋
Just do the research first before investing on anything,sometimes their are conartist or scams
2006-12-16 13:41:30 · answer #8 · answered by jeff 4 · 0⤊ 0⤋
10 shares of goldman sachs [GS}
2006-12-16 14:11:44 · answer #9 · answered by binda 3 · 0⤊ 0⤋
Oh, pardon ME!
2006-12-16 13:34:13 · answer #10 · answered by XL HaHa 2 · 1⤊ 1⤋