i have about 295$ how do i use it well im in athird world country and want to see long term benefits?

Question

im astudent cash strapped but willing to invest wisely and im also wondering if its possible to invest in the us from africa in stocks that is

Answer 1

295 is not really that large of an amount to invest in stocks. I would suggest putting it into a long term savings account at a bank until you save into the 1000+ range. Then look at investment options. To succeed in the stock market you really need a professional to help you make decisions like Schwab for instance. You won't get anyone to take you seriously for under a grand.

Answer 2

Have you thought of directly 'investing' by donating the money to a reputable charity Oxfam, Cathaid, Amnesty International, World Vision, Medicine Sans Frontiers etc, even the Red Cross or Salvation Army, Water Aid. You can be sure that the greater part of your money will be used for the benefit of people in need in under-developed countries.
And don't forget the local charities that do some sterling work with the under privileged in the developing world.
There are so many and the list below is just a very small indication of the organisations helping those who are unable to help themselves.
Talking of those who can not help themselves there are many such people in need in your country which I assume is the US and in other developed countries. So you may wish to start there.

Answer 3

Go set up a small business in your country before you are thinking about investing.

Answer 4

I suggest tradesports.com or simlar. You can 'invest' in sports teams which is much easier to do for young people.

Answer 5

invest it in balance mutual fund