Everytime I get unexpected money from any source, I put it in an I bond. Today the electric company sent me $99 after hiking our bills up they did some negotiating and decided to send their customers some of their money back.
I dont want to pay my next bill with this money, but I would like to invest it somewhere. Any suggestions would be helpful.
2007-10-04 16:03:06 · 5 answers · asked by happydawg 6 in Business & Finance ➔ Investing
I'd go with a savings bond.
2007-10-04 16:41:34 · answer #1 · answered by Classy Granny 7 · 0⤊ 0⤋
You can find stocks that have dividend reinvestment plans. That means that once you own one share, you can keep buying partial shares, and the dividends will also go to buying more shares. In fact, the electric company probably offers this! Look into it: it's a good way to get into investing without much money. Try www.better-investing.org for more details.
2007-10-04 17:23:45 · answer #2 · answered by Katherine W 7 · 0⤊ 0⤋
ING savings , 4 to 5% on the interest
2007-10-04 16:14:55 · answer #3 · answered by kate 7 · 0⤊ 0⤋
One option would be to go to treasurydirect.gov and get yourself started with an EE or I bond.
2007-10-04 16:10:25 · answer #4 · answered by D B 1 · 0⤊ 0⤋
Buy a Solar Panel. (it will cost you a few hundreds but you will save money until you die)
2007-10-05 13:27:36 · answer #5 · answered by Anonymous · 0⤊ 2⤋