2007-02-28 09:05:37 · 7 answers · asked by Dimitris77 1 in Business & Finance ➔ Personal Finance
The best is not necessarily the most profitable. If this is all of the money you have, don't take chances with it. Buy bank CD's. You will get about 5% interest, and your investment is guaranteed by the FDIC. So you cannot lose anything.
2007-02-28 09:29:33 · answer #1 · answered by regerugged 7 · 0⤊ 0⤋
Depends on how you plan to use it.
1) Short term=invest in High yield savings account, like HSBC, now paying 6% on new money.
2) Medium term=index mutual fund
3) Long term=invest in Exchange Traded Funds (ETFs).
4) Retirement=put it in a tax advantaged Roth IRA.
5) Education = 529 plans
If you have any debt, other than student loans or a mortgage, it is also a good idea to pay that down first.
2007-02-28 17:24:20 · answer #2 · answered by greatrussian 1 · 0⤊ 0⤋
The best way to invest 3000$ is to buy a bunch of cocaine and sell it to all your friends, and your friendly neighbour hood junnkies
2007-02-28 17:11:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Invest it in the one investment that you control 100% --- yourself.
Take a class to improve your skills, read books, talk to your employer about what skills you need to make more money. Once you have those skills, no one can take them away so your personal 'stock price' never falls.
Good Luck
2007-02-28 19:04:54 · answer #4 · answered by FortyLoveTX 2 · 0⤊ 0⤋
If you have any credit card debt, pay it all off. Open up a Roth IRA account and put it all in there.
2007-02-28 17:25:45 · answer #5 · answered by novansa7 2 · 0⤊ 0⤋
Buy $3,000 of "EDU" stock. It's goin' up and will keep goin' up. Only like $40 a share right now.
2007-02-28 17:10:04 · answer #6 · answered by jombodolo 1 · 0⤊ 0⤋
good luck!!!!!!!!!
2007-02-28 17:07:53 · answer #7 · answered by Anonymous · 0⤊ 0⤋