I have one thousand dollars to invest, what is the best way to invest it?

Answer 1

Pay high interest debt first. secondly, invest in yourself. then only you can start invest for yourself.

stock market can offer huge potential return. but with only $1000, you better put it in CD or top rated mutual fund first. in the mean time, accumulate more wealth and learn step by step on the ways to invest yourself. it can be either stock market, real estate or business; but the process to start investing remain the same.

Step-by-Step Stock Investing for Beginners
http://www.stock-investment-made-easy.com/
http://answers.yahoo.com/question/index;_ylt=As61UR4DWXZnVDIVK6se6XLty6IX?qid=20070714214424AA7sRG1&show=7#profile-info-KIrPXr6Xaa

Answer 2

If all you have is a thousand dollars, I'd suggest putting it in an online savings account earning ~5% like HSBC Direct. Most mutual funds want a lot more than that just to open an account and ultimately it won't go up a whole lot if you are going to need it in a couple of years.

Answer 3

You should know the meaning of mutual funds, before you choose to invest in mutual funds. These funds are a type of security that can be traded on the stock market, allowing shareholders to buy and sell shares in the funds. The revenue generated by purchase of shares is used by mutual fund manager to buy more shares of specific stocks, bonds, and other market securities and money market instruments.
Since the prices of the stocks, bonds, and other securities held by the mutual fund vary, the value of the fund changes. The average value of every share of the mutual fund is fixed daily based on the total value of the underlying securities held by the fund.

Answer 4

ING has a CD that that has a 4% YSP on it. Plus all you need is a minimum investment of 25$ wich they match 25$ to. Best thing is your not locked in for a certain period of time. Most CD's will lock you in for 3,6,9 , or 12 months depending on the rate of return. I would suggest this one. You can set it up to link directly between this acct. and your checking acct. Hope this helps.

http://home.ingdirect.com/

Answer 5

Paying down your total debt would be the best idea. No debt makes life so much easier and you'll be in a better position to invest in the future.

Answer 6

Education

Answer 7

Rodney,

I share the same question. What I ended up doing was purchasing 500 shares in a company that was about to go public. I couldn't buy directly from the company since I didn't meet the minimum amount of shares, but I knew someone who needed cash right away and was willing to sell his shares. I can't wait until it goes public!

Answer 8

Bet on Red

Answer 9

Sony, Microsoft and Nintendo.

Answer 10

Flatscreen