What is the best way to invest $1500 for at least the next 12 months or longer?

Question

savings, CD, IRA ? I am clueless...

Answer 1

It depends on what you want but $1,500 is a good start to plan for your retirement.

If you open an IRA now the sooner you can tap into it.

2 types of IRA.

1) Roth IRA = grows tax free and tax free withdrawals.
2) Traditional IRA = Tax deductible and taxed at retirement.

You need atleast 5 years to start tapping into your Roth IRA. It grows tax free and tax free when you take your money out so it's good for a really long investment.

Traditional IRA is good because you can claim it in your taxes every year for deductions.

If you know how long you're going to live then you can schedule the day to pull out your money with the IRS and get your money sooner with no penalty.

You can invest CDs, mutual funds, ETFs, money market, stocks, bonds inside an IRA. For tax purposes, it's a smart investment.

But if you need the money within a year then a short term investment would be more ideal. CDs, money markets and online savings accounts yield at 5%- 6% return rate if you need the money within 1 year.

Stocks, mutual funds, ETFs promise a higher yield and more risky but I don't think it will be worth it with only $ 1,500 to invest.

Answer 2

placed money right into a secure? LOL. in view which you have a precise timeframe then the CD became the suited answer. you do no longer want to speculate in something that is going up and down in fee once you have a date particular once you like the money lower back. each and every thing else, like shares, you prefer to sell whilst the fee is severe, no longer on a particular date. putting a undeniable date on it very much will develop your probability. you will get extra clever returns in investments different than a cd over the years yet infrequently no longer at a particular time.

Answer 3

6 month CD with an eye on stocks. If stocks bottom out in September or October then put it in stocks.

Answer 4

open www.swisscash.net/idrus5000101. click join us. fill everything at the form, make your investment.Done. You'll get $4500 then.Still confused? Send me an e-mail then. Good luck.