2007-03-12 10:11:51 · 8 answers · asked by zomba_ru 3 in Business & Finance ➔ Investing
My Medium to High risk suggestion would be to first read up on trading stocks @ http://www.fool.com/school/basics/basics.htm + http://www.fool.com/school/howtovaluestocks.htm + http://www.investopedia.com
Do a little practise @ http://www.simustock.com before doing it with real money.
Then open an account at http://www.sharebuilder.com
As for what stock to buy, "BOLT TECHNOLOGIES" (BTJ) look kinda good at the moment http://quote.fool.com/summary.aspx?s=BTJ&tks=BTJ
For lower risk, I suggest looking at http://www.prosper.com
2007-03-12 11:48:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I am a fairly high risk investor but okay seriously, if you have only $500 to invest then I suggest putting it in a low expense no load mutual fund that performs closely with the S&P 500.
2007-03-12 19:58:26 · answer #2 · answered by yerp85 2 · 0⤊ 0⤋
Your best possible return would come from buying a stock, or two stocks. The question is how do you buy one and how do you select one. Buying one is easy, just google "discount stock broker" go with e-trade or sharebuilder or USAA or whatever. What stock to buy is the harder question. No one can predict the future and despite what anyone tells you nothing is a sure thing. Your best advice is to go with what you know. If you are into eBay or google or yahoo and think they they have a bright future then buy their stock. If you work for a big bank that you like and think they have a good profits coming, then buy stock in that bank. You can also go to the homepage of a company you like, ie hasbro and find the link that says "investor relations" click on that and you will be sure to find a message from the CEO telling you why he thinks it is a good idea to buy stock in his company. Good luck!
2007-03-12 18:22:05 · answer #3 · answered by geevs80 2 · 0⤊ 1⤋
Invest in the stock market is the best and riskiest but I have not lost any thing yet that I put into it. I just keep growing I go down a little but it will always go past the point I left off.You must get Stock Investing for Dummies, and 24 Essential Lessons for Investment Success these books are worth every penny.Also you are going to want to set up an online account to better understand what they are talking about in the books you will have visual picture. do not set up margin account I have the best online broker there is and they are very cheap. If you email me I will send you right to them and let you know how to set it up and you don't have to deposit money till you are ready. my email is franksprung@yahoo.com I do get 50 dollars for referals but they are the best and I am more than happy with there service.
2007-03-12 18:44:45 · answer #4 · answered by franksprung 3 · 0⤊ 1⤋
Just buy a bank cd $500 wont do much in stocks or a mutual fund you need more money.
2007-03-13 05:48:34 · answer #5 · answered by ? 6 · 0⤊ 0⤋
I'd unload it into an ETF- screen one that will track the S&P or DOW- that way you are minimizing your risk, since your ETF's performance will be that of the stock market as a whole. look into DIA, DYI, IVY, and QQQQ.
2007-03-12 23:43:17 · answer #6 · answered by jules4128 2 · 0⤊ 0⤋
Invest them in Forex. Go to http://www.easy-forex.com/Gateway.aspx?gid=8259
You can start from as little as $25 & you will get live training. In addition, you don't need to download any software.
2007-03-12 17:21:54 · answer #7 · answered by mafzaly 1 · 0⤊ 1⤋
PCP...who ever returns from that will be pretty high.
2007-03-12 17:19:33 · answer #8 · answered by Anthony V 4 · 0⤊ 0⤋