recently i've stumbled onto $900s ... its nothing big, but it turns out free money is the best money (long story).
ultimately i want to double this money instead of holding onto it. i have a few ideas however they're limited.
any suggestions?
2007-07-02 16:35:26 · 8 answers · asked by Standing in Line 3 in Business & Finance ➔ Investing
I agree with the person who said to learn about investing, but you can do that at the library or online for free. I'd look into investing in stocks through dividend reinvestment plans, maybe just a couple. Then put in more money as you get it. I like Exxon -- their plan is free for $250 or more to start, which you have. Then it pays a dividend on the money you put in, and it keeps growing. Their stock seems to keep going up. There are a lot of companies like that, you should look into it. Try www.drip-investor.com or www.moneypaper.com.
2007-07-02 19:26:03 · answer #1 · answered by Katherine W 7 · 0⤊ 0⤋
Use half to buy the best books on investing/trading and educate yourself.
Then use the other half to learn to trade.
This investment will pay back for the rest of your life.
2007-07-02 18:23:26 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Try a high-yield CD. You won't be able to double your money, but it's better than putting it into a savings account.
2007-07-02 16:49:52 · answer #3 · answered by RiRi 2 · 0⤊ 0⤋
Buy 100 shares of Ford's stock (F) or buy 200 shares of Sun Microsystems (SUNW)
2007-07-02 16:57:22 · answer #4 · answered by ALBPACE 4 · 0⤊ 0⤋
Open a brokerage account at Zecco and buy Apple.
2007-07-02 17:30:56 · answer #5 · answered by Anonymous · 0⤊ 1⤋
I was in your boat not long ago and i am with http://goldenbullpicks.com
they are great!
2007-07-03 09:43:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋
buy some shares of SMTX.
2007-07-04 15:02:32 · answer #7 · answered by bizzbagg 4 · 0⤊ 0⤋
go to the casino and put it all on black
2007-07-02 17:14:46 · answer #8 · answered by jf 3 · 0⤊ 0⤋