What is the best to invest in?
Should I just put it in a savings account?
2007-09-11 15:26:31 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
You can invest $2000 and may get a good return if you don't limit it to 5 months. For short duration, CDs & money market funds are safe invetsment, however you won't get a high return.
2007-09-11 15:40:26 · answer #1 · answered by Steve 4 · 0⤊ 0⤋
What do you consider a good return?
Savings account or any CD would give you 5% a year, so 5 months would be less than 2.5%. That's only $50, you might as well save 50 cents a day.
I'll give you my case, remember August 16th? The great stock market crunch? Everything went down, stocks, commodities, interests went up.
Since then, I bought silver at $11.33 an ounce, today it's $12.60+ an ounce. That's more than 11% in less than one month! Consider putting half to all your money is gold and silver, you can buy them on eBay, it's more than likely you can get 10-15% within 3 months, 5 months is just too safe.
2007-09-11 19:11:31 · answer #2 · answered by Smartass 4 · 0⤊ 0⤋
i started invest with $2000 in stocks but i am not in for the shot term. stocks are long terms. u want 5 months sort get a CD or savings or money market
2007-09-11 16:12:34 · answer #3 · answered by therealfreddy_p 3 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/4ed13
2015-01-27 03:58:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Check out INGdirect. A basic savings account pays about 4.5 percent interest. I'm not sure what the minimum duration of a CD is, maybe 6 months, and you may get 5 percent interest.
2007-09-11 15:35:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Think seriously about OBCHX, a China fund, and China is huge right now, especially with the Olympics next year. Look at steady climb charts, 36% YTD, better than any 5.0% APY at a bank
2007-09-11 20:16:53 · answer #6 · answered by jen 1 · 0⤊ 0⤋
Yes start small in the market and that's a nice block to buy 3 or four stocks. Look at energy, tech and select financial and materials stocks
HES; HSY; WB; BAC VMC OXY IBM JDSU among others HCSG; MDT; JNJ ETP SUG
keep your winners and sell any stocks that lose 10% start small make money have fun.
2007-09-11 16:42:06 · answer #7 · answered by crim 3 · 1⤊ 0⤋
u can buy a 5 month cd. or u can just buy stocks on the days they are low, and sell them when they are high, if u pay attention, u can make that money about 2,500 in 5 months.
2007-09-11 17:03:05 · answer #8 · answered by God's favorite 6 · 0⤊ 0⤋
2K is not enough to do anything with except save. Capital One has a 5% APY Money Market that you can apply for online.
2007-09-11 15:32:30 · answer #9 · answered by justbeingher 7 · 1⤊ 0⤋
You can get 6% from gmac demand notes. this is a program that GM employees use as a money market fund. It has $250.. checking and you can link it tio your local bank. http://www.gmacfs.com/us/en/business/investing/demandnotes/index.html
2007-09-11 16:09:57 · answer #10 · answered by redd headd 7 · 0⤊ 0⤋