2007-01-01 05:03:04 · 11 answers · asked by predatorpio 3 in Business & Finance ➔ Investing
You know I had a similar question as yours to my husband last year.... you save and then what?
It depends on your goals, long-term/short-term. Do you want to research the stock market and place it there? Do you want to be safe and stick it into a cd? Can you put in an account as a nest egg and try to save towards the end of the year more money to put down on a property? Or do you have ideas on at home business that this would be perfect for? Good Luck!
2007-01-01 05:07:50 · answer #1 · answered by joy 4 · 1⤊ 0⤋
I would invest it in me so I can buy my school books. If you don't like that idea, just put it the bank and save it for something. A thousand bucks really isn't enough to make any money on investing.
2007-01-01 13:06:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You have several options:
1. While contemplating your decision, put it in a money market account. Many are yielding 4% now--better than what you're getting on a savings or checking account.
2. Open or add it to your IRA account.
3. If no investment suits your needs due to the amount, put it towards your emergency fund.
gc
2007-01-01 13:32:57 · answer #3 · answered by mar1983 1 · 0⤊ 0⤋
Invest in yourself. Take a class and/or buy books to get smarter. That will bring you huge returns. Much better than investments.
2007-01-01 17:32:10 · answer #4 · answered by sm4125 3 · 0⤊ 0⤋
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.
http://investing.sitesled.com/
I am sure that you can get your answers in this website.
Good Luck and Best Wishes!
2007-01-01 19:57:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Hi,
$1K is very small amount but why don’t you start your own online forex or shares trading? I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years and you’ll get my assistance in the future.
Currency (forex) trading is very attractive due to very high income and you could trade from any place in the world and at any time from Sunday night to Friday night.
Yes, it is risky business but reward worth it.
If you are interesting please pm or e-mail me (press on my name) and I provide you with further information.
Good luck!
2007-01-02 03:43:45 · answer #6 · answered by VP 3 · 0⤊ 0⤋
Julia has it - it just depends what your objective is.
www.bankrate.com is a great place to check where the best cd rates are.
These other sites have lots of useful info for you, depending on what you want to do (if anything else).
;-)
www.fool.com,
www.morningstar.com,
www.aaii.com,
www.scottrade.com
Yahoo Finance
2007-01-01 13:27:44 · answer #7 · answered by WikiJo 6 · 0⤊ 0⤋
would invest in grandsons educaeioh
2014-09-22 10:54:37 · answer #8 · answered by JOSEPHM 1 · 0⤊ 0⤋
I'd recommend purchasing large company stock directly from companies that offer it. You'd make $110 your first year, $121 he next year, and your money would double approximately every seven years.
2007-01-01 15:41:39 · answer #9 · answered by ? 3 · 0⤊ 1⤋
start a roth ira, 1k is the minimum at troweprice and probably others
2007-01-01 13:09:42 · answer #10 · answered by swenjj 4 · 1⤊ 0⤋