Investments?

Question

What is a good investment for a 20 year old with a minimum investment($500) that has potential to make money

Answer 1

The link I have provided has great information about how to start thinking about personal finance. Check out the mutual fund options it has in your range.

Just remember that "potential to make money" means reward, which also entails risk, or also the "potential to lose money."

Answer 2

An aggressive growth stock. Check this one out:

China Mobile (CHL). Population and economy exloding. Adding overr 1 million suscribers a month. At a forward 17 P/E ratio, a stock doesn't get much cheaper on a valuation basis. To make things even better, it carries a 4% dividend yield. It has to go down 4% before you start to lose money!! Just signed a contract with google for it to be primary search engine on phones. This stock is amazing. Put your money in it and watch it grow.

You want your money to grow. Our jobs, all our clothing and textiles are made in China. China is where the growth is. Where were your sneakers made? In China. Your shirt? China. Don't beleive me? Look at the lable. Bet on China and you will be ok.

Answer 3

Take a look at powershares PXN, selling for around $17-ish. It is an exchange traded fund for the major players in nanotechnology. Some fabulous stuff is in the works and in the long run you could be sitting pretty, although it may be a little boring at the moment. You are young, and so is nanotechnology.

Answer 4

I would suggest you to check the website below where top Forex trading programs have been reviewed. You can follow their suggestion and make profit. You can start with as little as $25 to make profit
Hope it helps

http://money-review-site.com/investment.html

Answer 5

AMEX:DIA.