any ideas????????
2007-06-04 16:38:14 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
How about growing that $5,000 into $1Million ?
Investing tends to only get exciting when you make money quickly or you see the end result of a good investment over a fairly long period of time 15 - 20 years or longer.
The more risk we are prepared to take, the more we can expect to make. That is why the stock market will generally return more than a savings account.
To be successful you will need patience, discipline, and wisdom. But most importantly you need a plan and you need to define your goals.
It may prove expensive to acquire that much needed wisdom on your own. Learn by other peoples mistakes. Learn from other peoples successes. Read some books. Visit your local book store and find a book that you like and feel comfortable with.
Some of the titles I have on my bookshelf include:
One Up on Wall Street by Peter Lynch
How to make money in Stocks by William J. O’Neil (Founder of Investor’s Business Daily)
The Millionaire Next Door by Thomas J Stanley and William D Danco
Check out web sites like fool.com and yahoo finance.
Investigate trading strategies with a proven track record over 3, 5, 10, and 15 years.
Pick something that you understand, find easy to use and will help you realise your goals. A strategy where you can take responsibility for your investments and be in full control of your capital.
Systems like the Stocks Monthly system are definitely worth investigating once you are up to speed with the nuts and bolts of investing.
2007-06-04 23:40:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Assuming you're talking about long term investing, try a lifecycle or target date fund. These are mutual funds designed for long term investing, in which the fund managers allocate your money into a diversified portfolio. 5K is too small an amount to buy a diversified portfolio of stocks and bonds directly. A mutual fund will accept an account that small (and sometimes even smaller), and you get the benefits of diversification. For more information about lifecycle and target date funds, see the webpage listed below.
2007-06-04 20:13:06 · answer #2 · answered by Uncle Leo 5 · 0⤊ 0⤋
For a long term investment look into a Roth IRA
For a short term investment in a CD. They usually have between 4-6% interest rate which is quite good
2007-06-04 16:42:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Smart. Looking for ideas from total strangers that you have no way to verify their qualifications or motives.
You'd be much better off reading a couple of books on basic investing. It's not hard stuff. It can also save you thousands by not following the advice given here.
2007-06-05 01:00:59 · answer #4 · answered by Common Sense 7 · 0⤊ 0⤋
Usually the artist and the artist's agent determine the price, although if it is at a gallery the owner/operator may make price suggestions as well since they know their clients. If the artist is dead? Simply b/c the artist is dead, they can't make anymore paintings. So what they do have is more valuable. And not all dead artists paintings are considered valuable.
2016-05-17 04:29:04 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Have you seen Prosper.com? Diversification and returns over 10%.
2007-06-04 17:01:51 · answer #6 · answered by scotteeee 1 · 0⤊ 0⤋
If you have to ask, you want safety. Mutual funds. call aninvestment counselor, or ask around, see who will recommend one.
2007-06-04 16:42:53 · answer #7 · answered by Barry auh2o 7 · 0⤊ 0⤋