The best thing you can do is get yourself educated and informed with what to do with this money. If properly invested, and depending how many years you will contribute $1,000 a month, you can retire very comfortably. No one can do it for you, my advise to you is invest in good, no load funds, like Vanguard. You just can´t dump your hard earned money into funds with tracking them. You have to be diligent and track your funds often, to make sure you are on the right track. Best of luck
2007-11-19 17:02:01
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answer #1
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answered by D 4
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Mutual fund is considered common, but I'm not in it so I can't say much about it.
But $1000 a month is a good amount to diversify.
Consider :
CD
Mutual Fund
High risk stock
Metal
Four places together should be safe. The more the better.
2007-11-19 19:26:40
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answer #2
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answered by Smartass 4
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Assuming it's not for retirement:
A good simple way to start is to buy a low cost balanced mutual fund, that will give you exposure to a bunch of stocks and some bonds. For this, I recommend the Vanguard STAR Fund. You can purchase directly from Vanguard and set it up so it draws $1,000 a month from your checking if you wish.
There are literally thousands of ways to invest. My suggestion above is just a good basic way to start.
2007-11-19 17:06:17
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answer #3
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answered by Uncle Pennybags 7
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Open an account at Vanguard and have the money automatically transferred each month from your bank account into a few good mutual funds. See the Investor education info on the vanguard site for guidance on selecting funds that are appropriate for your goals and risk tolerance.
2007-11-19 17:08:37
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answer #4
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answered by kc 4
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Suntrust has a good deal on CD's right now 5%APR with a $1000 minimum.
2007-11-19 16:55:04
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answer #5
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answered by Sylvia C 3
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Invest in bonds. They rise when stock market falls. Stock prices are about to fall.
2007-11-19 18:00:12
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answer #6
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answered by boxer111 3
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I'll send ya my bank acct #, I'll get back to you in about 12 months!! Seriously, I would split it between short term CD's and stocks (preferably Blue Chips)
2007-11-19 16:49:43
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answer #7
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answered by kuntryguyy 4
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