What is the smallest increment I could invest? Where should I invest it?

Question

I want it to be like a savings account, but with a much higher yield, even if there is risk involved.

What type of account or investment is appropriate, and how does it work?

Answer 1

I got a steal savings yield of 8% that no one can even get now, maybe elsewhere though. I pay $750 a month. Also, I am 22, so by 50 I will be a millionaire... Yeah, so even if you did that with a lower yield you still get earned interest that you can live off of once you get to a certain amount.

Answer 2

Good for you to be thinking about investing. You are smart.

Contact Vanguard Mutual Fund Services and talk to a rep. They are will trained.
Assuming you are young, they will probably recommend a stock fund. You will want to invest on a regular basis (like monthly).

Have them explain dollar cost averaging

Answer 3

Consider a monay market fund. Min $500-$1000. How? Visit any brokerage house and fill out the account opening documents. (Note: the visit could be electronic or by mail. They all have 800 numbers and web sites.)

Answer 4

I've studied alot about investments. i invested in silver. in 9 years its saposed to be gone out of the earth. and it is always needed for almost every electronic. so if you can invest and wait that long i sugest you go for silver, maybe even gold.

Answer 5

why not invest in yourself? read about investments and personal finance before going into it. That way, you have a better idea of what to put your money in and why

Answer 6

I'd check with my bank for CD's. They have short term and long term deposits available with for different amounts.