what are some good investments?

Question

I just recently came into a little amount of money. Not much. A little over $1,000.

I dont want to just spend it. I want to invest it. Any tips?

I was thinking about a CD at my bank but not sure.

Answer 1

ETF's are all the rage now for the low expenses and diversification. But remember the dividends are usually not 'qualified" as are individual stocks.

Answer 2

A CD is the best choice until you learn more about investing by reading personal finance magazines such as SmartMoney or Kiplinger's. I would choose a one year CD which will pay around 5%. Saving it is the best thing you can do. If you're under 40 then Social Security WON'T be there. The Baby Boomers are going to use it completely up. After you learn about investing, look into a LOW-COST Individual Retirement Account with one of the big mutual fund companies like Vanguard, T.Rowe Price or Fidelity. Good Luck!

Answer 3

I think, because of global warming, that wind energy is the best place to invest. My favorite stock in this sector is Gamesa, GCTAF.pk. Here are some other great wind energy stocks:

http://www.top10traders.com/ViewPost.aspx?postID=61

You might also want to see what the best investors are buying at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Some of these traders are really good. They make some great picks. But, always invest with caution.

Good luck.

Answer 4

for CD's, go to www.bankrate.com for the best rates in the country. If you don't need the money for 10+ years, mutual funds are OK. Most require $2500+ to start but Vanguard has a great one called Vanguard Star Fund that only need $1,000.

Answer 5

ING Direct or Apple Bank have the best Savings account rates; just as much as most CD's and you don't have to lock the money up.

Answer 6

There are several good investments share, mutual funds, bonds etc. If you are ready to face risk you have to invest some money in long-term,short-term and also put some money in mutual funds. Mutual funds earns high returns and risk also diversified.

Answer 7

buy a house near a nice big lake then rent the property as a vacation home.

Answer 8

Index mutual funds.

Answer 9

save your money good investments are buying properties and renting them out then move to bigger things like apartments.

Answer 10

mutual funds