i currently have it in the bank and im only making a dollar a year.(it sucks!). i want to invest it in something so i can make some money. i am planning in half in a safe place with no risk and i want to take some risks with the other half. i want to put it somewhere that was a 8% return rate or higher if possible. can someone give me some suggestions with specific details.
2007-09-28 13:21:07 · 5 answers · asked by megu2ice 1 in Business & Finance ➔ Investing
Simplest and safest route with only $500.00 is an online saving account from one of the following:
ingdirect.com 4.30%
hsbcdirect.com 4.50%
emigrantdirect.com 4.75%
They have no minimums or restrictions on your money. Links directly to your current bank so it is easy to transfer money back and fourth. FDIC insured as well.
2007-09-28 14:16:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
you'll never find a place that pays 8% for only $500 - you typically need $2500 to get into nay kind of mutual fund - Open a Paypal account - they're paying over 5% - credits your account monthly for interest income - I use it as a savings account
2007-09-28 13:30:47 · answer #2 · answered by Anonymous · 0⤊ 0⤋
check all of the banks and see who has the highest rate. Then put it into a cd or something like a bond. they are usally 25.00 a peice and higher interest rate per bond.
2007-09-28 13:26:18 · answer #3 · answered by princessyvonne881965 2 · 0⤊ 0⤋
I know a company currently offering 10% per year.
2007-09-28 15:40:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Try a Certificate of Deposit. They are paying about four percent. Do it for a year, and you should have a better return.
2007-09-28 13:49:04 · answer #5 · answered by Beau R 7 · 0⤊ 0⤋