I Have About 500 Dollars, And Would Like To Find Something To Invest It In. To Make More Money?? Can Anyone Help??
2007-10-06 13:28:35 · 8 answers · asked by Happy Andrew 1 in Business & Finance ➔ Investing
Put it all on black... ; )
2007-10-06 13:33:16 · answer #1 · answered by ¸.•*´`*♥Kates ♥ Game11 ¸.•*´`*♥ 5 · 1⤊ 2⤋
Let's see, you can open an account at Scottrade with a minimum of $500. Check out Cymer, Inc. (CYMI) which makes industrial lasers for the semiconductor mfgrs. You could buy about 10 or 12 shares with that. While technical considerations might say the stock is in decline, its market share is high and getting higher (one of its competitors, a company called Lambda-Physik is getting out of the business).
Want something less technologically esoteric? Some places are suggesting that MensWearhouse is worth a gander (symbol MW).
Then too, you could buy about 6 shares of NY, an exchange traded fund (ETF, they trade like common stocks) at something like $81. They buy the 100 biggest (by market capitalization) stocks on the New York Stock Exchange. Are the rich getting richer? If you think so, why not ride alonge. Check out the chart, nice steady growth in price appreciation. http://www.barclays.wallst.com/barclays/ishares/research/summary/summary.asp?symbol=NY
Now these aren't going to get you rich by next week, for that, well compare it to some of the unsolicited "hot tips" I get in my junk folder: PPYH, FRLE, ... amazing, I thought I would have along list of really funny nonsense in my junk folder, but that was all the "rockets" that were in my list--congrats to Yahoo spam blockers.
Anyway, that said to say this, there's good, and there's garbage. Why bother with the garbage?
2007-10-06 14:29:14 · answer #2 · answered by Rabbit 7 · 0⤊ 0⤋
Find someone you know and TRUST who is wise with banking in your area. Mutual funds are usually best for investing. $500 is a small amount, and if you can put it away for a long term (i.e., a year or two) to allow it to grow you some extra money (interest). There's also CD bonds at local banks (shop around, they are always competing so look for the best interest rate!) Don't go to any fly-by-night website and dump money in there...ask your parents or someone you trust!
2007-10-06 13:37:20 · answer #3 · answered by Empress Jan 5 · 0⤊ 0⤋
Lowest Risk: Online Savings Account or CD. Here you can earn between 3-5% APY and it's a fairly safe investment, probably the easiest.
Highest Risk: Invest in the stock market, remember Buy Low, Sell High.
2007-10-06 13:40:29 · answer #4 · answered by Anonymous · 3⤊ 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 12:13:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Have a look at this site: http://www.ftsie.com you can make 100% returns on your money ... at the worst you would still be raking in 20% return but it is safe and you can make alot very quickly.. have a look at their site, registration is free. I used it and I got back 40% in 3 months. =D
2007-10-07 22:07:34 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Buy a half ounce of raw, cut it 50% with inositol, you make $500 in a night.
2007-10-06 13:42:28 · answer #7 · answered by ? 2 · 1⤊ 4⤋
try to work on bourse , thats make good money
wish u will win ;)
try that link www.FxSol.com
2007-10-07 18:20:16 · answer #8 · answered by Samer Gandah 1 · 0⤊ 0⤋