A Roth IRA in a low cost targeted retirement fund appropriate for your age. In my case, the Vanguard Target 2030 fund.
By happy coincidence, $4,000 is the maxium you can invest in an IRA this year, unless you are 50 or older, then it's $5,000.
The nice thing about a Roth IRA, if you ever really need the money again, you can withdraw your contribution (not the earnings) early without any tax or penalty. I regularly max mine out every year. It's a safe way to save money that I can access if I really need to, but otherwise is there for my retirement.
2007-11-11 09:43:49
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answer #1
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answered by Uncle Pennybags 7
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Dear Philip Waren,
There are various ways to invest 4000 dollars.
1) Put it into a 1-year high-interest account.
If you invest $4000, you will get 25% profit. You will have at the end of the year:
1st - $5 000,00
2nd - $6 250,00
3rd - $7 812,50
4th - $9 765,63
5th - $12 207,03
2) Put it into a 1-year SAVINGS account (20% Interest Rate).
EXAMPLE
Initial Investment: $4,000
Monthly Addition: $500
Interest Rate: 20%
Number of Years: 5
Future Value: $32,053
Interest Earned: $10,053
You may e-mail me for advice. I will need more information about your situation, plans and needs.
As for me, I am quiet happy getting 40%-50% annual interest.
Good luck!
Lucky AL
2007-11-14 20:34:34
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answer #2
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answered by Anonymous
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Nothing right now. You can get a great education for free on the internet about stocks and options trading. Until you are educated it would be foolish to invest in anything. For a free education on trading check us out first at yahoo groups. Search for MarketStudent.
2007-11-11 15:10:30
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answer #3
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answered by marko_fibo 2
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You can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.!
Open an free account and get $5 reward now !
http://www-forex.spaces.live.com
2007-11-11 15:03:45
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answer #4
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answered by Anonymous
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buy yahoo, believe it or not, massive call buying in the 32 and 35 dollar calls
2007-11-11 09:50:39
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answer #5
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answered by Greg M 2
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