2007-04-08 12:34:18 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
one simple word, invest
2007-04-08 12:36:56 · answer #1 · answered by <3 3 · 0⤊ 1⤋
1000 well it is not a fortune but if you have at least a 2 year window for your return I suggest forex markets. Now if you are not versed in the aspects and potential of forex markets I suggest joining a forex investment club whereby the members all invest and one person completes the trades. You want a person who has traded before and who knows when to buy or sell. I personally manage several clubs and complete the investments for the members. I do not charge any fee I only make money on my personal investment. I have been trading in forex before the advent of computers being used and on a average we as a club make 5.3% per month which is better than 60% APR so not bad. As with any investment there is always risk so therefore always determine what is an acceptable risk for you. If you want to learn more please write me at billone44@yahoo.com
William Galloway
2007-04-08 17:58:04 · answer #2 · answered by billone44 2 · 0⤊ 1⤋
I was like in your shoes with a very little money to start with investment and this is how I started:
1. I gathered some good books on investments and trading stocks. I studied several books.
2. I also gathered a lots of information on what is stock market, how to invest, and trade stocks. There are a lots of information available on line. Just don't fall a prey on some websites that lures you to buy penny stocks or hyped stocks. The good educational sites could be finance.yahoo.com and marketwatch.com
3. I watched CNBC tv everyday as much as possible and tried to understand what was happening.
4. At the time I started trading stocks, yahoo had offered portfolio challenge with fake money. I practiced a lot on their website. Now CNBC has offered a Million Dollar Portfolio Challenge. This allows you not just to have a practice but also a chance for your to win cold hard cash in the amount of ONE MILLION DOLLARS, if you became the winner. There is no cost to enter. For more information visit the link(s) below and million dollars could be yours. You spend nothing and if you became a winner, you make $1,000,000 (yes one million dollars) on your fingertips. For more information and tips, try http://trailingmoney.com/default.aspx
And to register and play the game or to practice for yourself, go to milliondollar.cnbc.com
You must be 18 years and older, and a US resident (to win the prize money).
Good Luck!
Check out the websites below:
2007-04-08 12:44:57 · answer #3 · answered by purplemollies 3 · 0⤊ 1⤋
You must first put in bank savings a/c enough money to keep you for 3- 6 months. After that you can start investing first in mutual funds and then in shares of good, solid, companies.
2007-04-08 12:51:36 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Just put it in a savings account and don't touch it for a few months and add some money each month and watch it build over the years.
2007-04-08 12:37:43 · answer #5 · answered by any1z_angel_86 2 · 0⤊ 1⤋
Find a broker (Charles Schwab, eTrade, etc..)
Watch a program such as Cramers on CNBC, find suitable stocks to invest in.
2007-04-08 12:47:23 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Get into a network marketing business. Email me if inerested - I'm in one.
2007-04-08 12:37:20 · answer #7 · answered by teran_realtor 7 · 0⤊ 1⤋
Gamble or play the lottery.
2007-04-08 12:36:46 · answer #8 · answered by Manrolls 4 · 0⤊ 3⤋