I have 2,000 dollars that i got for a bonus from working, i want to invest but in what? any ideas guys, if you say stock can you tell me where i can buy stock? thanks
2007-02-23 06:36:18 · 12 answers · asked by bboyballer112 2 in Business & Finance ➔ Investing
If you want to invest try etrade, or scottrade, or any one of the online trading sites. Find one that is cheap enough for you to work with just 2 g's though. Maybe even go to your bank and start a rollover IRA.
But your original question is what would I do with the money, I would go to Vegas for a weekend. That is what I would do with 2 grand!
2007-02-23 06:41:55 · answer #1 · answered by Big Guy 6 · 0⤊ 0⤋
Go to scottrade.com and plunk down what you want to part with. Then when it clears and the money is available in your account, plug in these two symbols: NY (recently at about $76 a share) and PXN (recently at about $17.50 a share). These are exchange traded funds (ETFs) that trade like stocks and have a really low cost. Scottrade will charge you $7 a trade and you could buy something like 13 shares of NY and about 57 shares of PXN (at current prices you will still have a half dollar on account, but if they go up by the time you get to it, which is the idea, then you drop a share or two from one or the other, whichever lets you buy the most and leave the least sitting around). Good luck.
Oh, what they are, in case you don't look them up--NY is the biggest 100 companies (by market capitalization) on the New York Stock Exchange and PXN is the biggest players in nanotechnology (some incredible stuff they are working).
2007-02-23 14:55:16 · answer #2 · answered by Rabbit 7 · 0⤊ 0⤋
If you want to invest find an investment fund with a good track records, or a stock with high dividend. Do you're DD before that!
Thanks,
Gary
Global Investors Community,
http://www.moneyhowto.com
2007-02-23 14:54:46 · answer #3 · answered by Gediminas V 2 · 0⤊ 0⤋
Place it into a CD to collect interest. There's a $4000 limit that you can contribute per tax year if you're under 49. Not to mention that it would be considerably harder to withdraw it in the event you need it.
2007-02-23 14:44:59 · answer #4 · answered by Anonymous · 0⤊ 0⤋
1/2 in pfizer and 1/2 in walmart. Then leave it for a while. Also, I'd use one of those cheap online traders. This is simply what I would do, not advice.
2007-02-23 14:54:25 · answer #5 · answered by Jake N 2 · 0⤊ 0⤋
Pay off my bills so that i can finally start living for myself and stop thinking about these damn credit cards that i haven't used in 3 years and i am still paying off. and yes, i barely have debt left but still, piece of mind would be great. Then everything i make can be saved so that i can own my own home real soon.
2007-02-23 14:40:12 · answer #6 · answered by Lovely 4 · 0⤊ 0⤋
I would pay my tithes and offerings, take half of whats left over and pay bills then put the rest in my savings account.
2007-02-23 14:47:15 · answer #7 · answered by Phenomenal_Black_Woman 4 · 0⤊ 0⤋
If you have any credit card debt, pay that off or down before doing anything else.
2007-02-23 14:43:45 · answer #8 · answered by Irish Eyes 4 · 0⤊ 0⤋
1) $20,000.00
2) Open a brokerage account at Zecco and invest in the ETF DIA.
2007-02-23 19:56:35 · answer #9 · answered by Anonymous · 0⤊ 2⤋
I would get 20 massages
2007-02-23 14:47:47 · answer #10 · answered by Anonymous · 0⤊ 0⤋