Iam currently collecting 5.05% In a Savings account.
I don't need this money very much at this time and I am willing not use it for a 6 month plus period.
2007-04-10 15:29:54 · 7 answers · asked by Austrias 2 in Business & Finance ➔ Investing
You are doing great. Leave it where it is. If you have a need for the money in 6 months, the savings account is exactly where your $1000 belongs. Any other option with that amount of money opens you to too much risk for that short period of time.
2007-04-10 15:49:40 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Extreme Risk: Play the numbers on the roulette table (Pays 30 to 1)
Risk: Open up your own trading account with low fees and trade in the market with different types of securities.
Risk Averse: T-Bills, M-Funds
No Risk: Savings Account or under your mattress.
2007-04-10 15:32:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The amount of risk is directly proportional to the amount of return, or loss. You say that you don't need the money for six months, if the market takes a dive can you wait another 12 months for it to recover?
Sometimes a bird in the hand really is worth two in the bush.
2007-04-10 15:38:00 · answer #3 · answered by ttpawpaw 7 · 0⤊ 0⤋
I would tell you to invest in a 28 day cd at Bank Of America or a cd at Best Bank in Kroger. Talk to whatever bank you have on investments and their risks. Do not gamble it away!!!
2007-04-10 15:40:57 · answer #4 · answered by tiger_9885 3 · 0⤊ 0⤋
HIGHLY RECOMMENDED: INVEST in an off-shore Mutual Fund that will generate 25% return of investment every 30 days.
It's provided by a GENUINE off-shore Mutual Fund registered H/Q in New York with an off-shore trading house in Commonwealth of Dominica.
I invested USD1000 from the past 2 years and received a steady income since then.
The min. investment is USD100 while max. USD100,000.
The good thing is it' NOT a SCAM.
visit this site http://swisscash.net/my2509901
Feel free to contact me if you wish to know more of an investor's opinion.
2007-04-10 16:48:29 · answer #5 · answered by safe2invest 1 · 0⤊ 3⤋
Here's a page for finding a good good mutual fund to invest in:
http://www.best-stock-trading-systems.com/mutual_fund_ratings.html
or
Here's a good broker to use if you don't have much to invest:
http://www.best-stock-trading-systems.com/sharebuilder_review.html
2007-04-11 20:22:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Hey,
If you are in the U.S. I would recommend putting it into a Roth IRA.
2007-04-10 15:33:34 · answer #7 · answered by missqteeone 3 · 0⤊ 0⤋