Best place to invest 1000 dollars to grow?

Answer 1

Check out EWM, the Ishares Malaysia index ETF. Well, it is a little above $10 but not long ago wasn't, yet we usually don't have to buy in full blocks (100 shares) these days like a few years back. I've been enjoying the heck out of UIS, Unisys, that perpetual loser that has gotten its act together and has been steadily climbing. I got interested in it when it was about $6 a couple of months ago and it is over $9 now. Of course, things pointed up don't always continue, much less stay there, but maybe there's more run left in these so take a look.

Answer 2

A silly question. What do you mean grow? If you want a sure thing, then invest in something like bonds or notes. They'll always go up, but not nearly as much as other things have a chance to. Of course those other things could also put you 1000 in the hole.

I must say, with a question like this, I'd say the best place for your $1000 is a savings account.

Bailey: I could be wrong but I don't think this guy is looking for an IRA. If I had to guess, this is probably the only money he has sitting around and he wants to make some more out of it. A smart move, but I'm going to assume he's going to want to take that money out before he's a senior citizen.

Answer 3

Bailey is not correct is saying buying an ira can get you 5.5% interest. An IRA is just a cover instrument so whatever you invest in (CD's, stocks, or bonds) will be tax deferred (regular IRA) or the earnings will be tax free (ROTH IRA). If he does not like CDs or stocks, he should have said by bonds (or insurance annunities which are stocks, or bonds and another story) through H and R Block. And you do NOT need an ira to buy bonds.
Your question can not be answered correctly without knowing your goals, time horizon, risk tolerance for this money and your other investments. Do you have an emergency fund of 6 months living expenses?

Answer 4

If it's a short-term investment, put it in an internet savings account such as Emigrant Direct, which is paying 5.05% right now. Or you can put it in a CD, but then your money will be locked up for periods at a time.

If it's a long-term investment, open an account with a discount broker like Scottrade and purchase an index fund tracking the S&P 500.

Answer 5

i'm 14 too. I surprisingly plenty replace into interior a similar difficulty as you settle for I saved as much as $1000 and positioned it interior the inventory marketplace. i've got examine many books relating to the marketplace technical prognosis and improve/value making an investment. i stumbled on away to get around the nasd $25,000 dollar minimum stability rule. So I hit the marketplace confusing and made fairly some money i do no longer choose to gloat and discourage you, yet examine some books and think of out area of the field and you will make lots of money rapid. earlier you do something determine you examine books it replace into the main suitable element I did so I knew what i replace into entering into! solid good fortune!

Answer 6

cd not enough interest

stocks---too risky (same with mutual funds)

how about the roth IRA thru h and r block?
5.5% then 5.5% on the interest then again then again.....

Answer 7

try U.S. savings bonds, or gov't. T bonds..course you have to let them mature before cashing.......good luck

Answer 8

stock

Answer 9

a certificate of deposit

Answer 10

plant it