ok i have 300 dollars how should i invest it?

Question

i have 300 dollars i want to invest it in for about a year lol

whats the way to go ??? bonds??

whats the best thing to do

Answer 1

you could buy gold or silver bullion rounds or bars. they are always good investments check out APMEX.com. if you want to trade stocks, try a site called BuyandHold.com. they have no minimums and you can buy partial shares with a $20 minimum. they charge 6.99 a month w/ 2 free trades or 14.99 w/ unlimited trades. i have a $600 portfolio there myself. iv'e dealt w/ both companies iv'e listed and been very happy w/ both.

Answer 2

Any credit card debt? Car loans?

If you have any debt, just put the $300 towards that.

If you have no debt, then you can invest it.

You say "about a year" (no idea why the "lol"). Do you NEED the money in a year? Do you have a specific plan on how the money will be used?

If you don't need the money and can afford to leave it invested for longer (2, 3, 5, or even more) years, a mutual fund is not a bad idea. One based on an index (like the S&P) is reasonable. However, many funds require $500, $1000, or even more to open an account. But not all do.

Just be aware that you might lose most of the money, if the market tanks. That's why you need to be willing to leave it there for years until the market recovers.

If you NEED to money (e.g., you need to pay for a bill that will come due in a year, you're moving and will have expenses, etc.), then I'd suggest a CD. They are easy, plentiful, usually have no minimum ($300 should be enough for almost any CD), and will not lose money. They don't make a ton (you'll likely only earn $15 or so).

Do not invest in individual stocks or bonds. Too risky and unless you're willing to do some serious research, you won't have enough info to make an intelligent choice.

Bond funds are fine and may be more appropriate than stock funds, depending on your expectation (read: guess) of the market and risk tolerance.

Given that $300 is not much, you'll likely eat up most of any investment gain in fees, anyway. Unless you're looking for an education, stick with the CD or even a well-paying savings account (several online banks offer excellent rates).

Answer 3

With $300, the best investment you could make would be to buy $300 worth of marijuanna or some other drug. You could double your money with very little effort, and then just repeat the process until you have $2,400. THEN buy some long-term government bonds. The return won't be much, but it's a safe investment. ;)

Answer 4

Put it in the bank. Sorry, you are the smallest minnow in a sea of sharks. Few brokerages or even IRAs (which blows the idea of "about a year", and IRAs have lower entrance requirements than regular investments) can be opened for so little.

Answer 5

go to www.economicinvest.com and see what they offer. The research is sound, and they identify investments that provide a great value, so there are good returns


they also provide investment philosophy and techniques that are advanced and used by institutional money mangers.

Answer 6

I would suggest that you invest it in some nice interviewing clothes and a professional resume and then find yourself a better paying job.

Answer 7

Open a brokerage account at SogoInvest and invest in ETFs.

Answer 8

I would suggest you to invest in stocks. Ccheck the website http://money-review-site.com/shares.html
to learn more on stock trading and how to select the best stocks.
Hope it helps

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

Answer 9

just put it in a high yield savings account...you won't get much of a return back though

Answer 10

how much is that in English money?? about £150?? i don't know how much it is...but nevertheless i suggest blowing it all on the theatre!! wow...the possibilites are endless! hehe!