2007-06-14 14:04:14 · 4 answers · asked by NIK 1 in Business & Finance ➔ Investing
Well, $5k would buy about 200 shares of Knoll, the office furniture maker that seems to be meeting or exceeding its earnings expectations for most of the last two or so years. It is selling for $24 and change and about a year ago was selling for around $17 and change. Not phenomenal, but better than bank interest (although without the low risk of bank deposits, the stock can, and has, gone down in value from time to time, as which stock hasn't). Something to think about.
There's DVY, the Ishares ETF of the Dow Jones select dividend paying companies. Around this time last year it was selling for 62 or 63 and recently it is more like 73. Your $5k will buy about 60-something shares, which isn't a problem anymore, there used to be a penalty trading in "odd-lots" but usually not in most places today.
2007-06-14 15:57:04 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
I wouldnt buy anything, I simply would invest it or buy stocks, hopefully get rich, then go to a bunch of rock and hip hop concerts, buy new clothes, and a house, and car.
2007-06-15 17:45:21 · answer #2 · answered by Pepperz 2 · 0⤊ 0⤋
i would not buy anything. I am going to college in 2 years so i would keep it in the bank and save it, unless i was in financial trouble.
2007-06-14 22:27:20 · answer #3 · answered by Lollipop 3 · 0⤊ 0⤋
i would put it in the bank and wouldnt invest it. i would just keep the money in the bank wheres it safe.
2007-06-15 01:12:34 · answer #4 · answered by Anonymous · 0⤊ 0⤋