$7000 to invest-any good ideas?

Question

I just sold my old classic convertible for $7000. Instead of the money sitting in my account, I was wondering if there was anything I can invest it in. I know it's not much, but I was just wondering. Thanks!!!

Answer 1

Depends on what your needs are: maximum return rate, easy liquidity, or low risk. Unfortunately, it's very difficult to find an investment that gives you all three. It's easier to find something that will provide two out of three, such an interest-bearing checking account for easy access and low risk, but not high return.

Your other choices would be stocks, bonds, bank CDs, savings accounts, mutual funds, gold, other classic cars, or collectibles. Also look at Prosper.com where you can loan people money at good interest rates.

Answer 2

I paintings for merrill lynch and that i've got been a broking provider for 13 yrs now and that i ought to declare that what you desire to do isn't suitable on your money, in case you're staring at long term(5yrs+), nicely then i think it somewhat is an "ok" concept inspite of the reality that the shares you have chosen some are great concepts, some are no longer.... It relies upon on what especially you're searching for. in my opinion, i could recommend you're taking the $7000 and make investments $3500 in 2 shares, specific only 2 shares... in case you go with for to take a place in all those shares then you're surely going to lose some money with various of those shares, useful years from now you will make some money off of especially plenty all of them however the payout won't be plenty. i could recommend, in case you have been my family contributors or my pal... which you placed money into Yum manufacturers, which you named and Johnson & Johnson... i can not relatively bypass into plenty info yet, im useful in case you do a touch analysis you will discover out why i could inform you to purchase those. It a snort how in basic terms some short years in the past while specific, even Merrill Lynch wasn't suggesting to offered Google inventory to anyone, yet I observed as all and sundry I knew and pronounced, "purchase each and all of the inventory you could" and had you indexed to me and spent an insignificant $5000 only 12 short months later, it could have been nicely worth just about $40,000. **had you invested $10,000 in 1970 in Walmart... as we communicate it could be nicely worth only below $40 8 million money.

Answer 3

Hi,

Why don't you start forex trading? It is really very exciting and very profitable business and with $7K you could create amazing income. Yes, it's risky but bilieve me the reward really worth it. You could trade from any place in the world and at any time from Sunday midnight to Friday Midnight.
I could introduce you to one of forex broker leaders that is located in SWITZERLAND.
They have very tight spreads. Total 25 currency pairs, Gold and Silver.
SPREADS:
2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF;
3 pips for GBPUSD, USDCHF, USDCAD, EURJPY;
4 pips for CADJPY, CHFJPY;
5 pips for NZDUSD, AUDJPY;
6 pips for EURAUD, GBPCHF, NZDJPY;
7 pips for EURCAD, GBPJPY;
8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF;
10 pips for AUDCAD, AUDNZD.

LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure.

MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels:
Less than 25,000 - 0.5%
25,000 to 1,000,000 - 1%
1,000,000 to 5,000,000 - 2%
5,000,000 to 10,000,000 - 3%
Above 10,000,000 - 5%
Please note that on weekends and holidays margin requirements remains the same.

SWAPS are counted as negative as positive. Also is available swap-free accounts.

STOP and LIMIT orders may be placed as close as 5 fips from market price

TRADING TERMINAL Meta Trader 4.

Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD.

Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage.
This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot).

If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders.

Good luck!
VP

Answer 4

1. if you have any credit card debt, pay it off.
2. open a Roth IRA if you don't have one.

Answer 5

stock market

Answer 6

buy a newer one.. j/k :)