$1,000......How to invest?
- Thread starter Josh123
- Start date
if you know nothing of the stock market, put it in a savings or money market. 4-5% right now. Or you could try a CD for 5.5% for a year.
Capt Caveman
Lifer
- Jan 30, 2005
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If you put it into emerging markets, from that feeble pocket change you would retire with well over $2 million in 30 years.
glenn beck
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- Oct 6, 2004
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Yeah....right....no one has any idea if AMD will do well in the near/far future, and $1000 is not enough to buy a good amount of shares that will get you much money in return even if stocks go up 50-100%
Capt Caveman
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glenn beck
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dullard
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- May 21, 2001
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1) Remember that bonus will be taxed at a very high rate. Be certain that you can cover the taxes come tax time next year.
2) $1000 is nothing when it comes to investing. It is hard to do much with only $1000, especially if you don't know much about investing. The fees alone would eat you alive if you bought many things with it. You might very well be best off sticking your meager egg into one basket.
3) What retirement plans do you have at work? Are you getting the full company match? If a 401K, Simple, or equivalent plan is available with a match and you are ignoring it, this is where the money should go. A company match will instantly make that $2000.
4) If #3 doesn't work, you could possibly invest in a separate retirement account. But even then, if you don't intend to do much else with it, I wouldn't bother. A retirement account with only $1000 in it, won't get you much return. But, if you plan to add more, then by all means, open up an account. Buy one mutal fund with low fees and wait.
5) If you want to be more risky, gamble it. Throw it all on one stock. I have been saying successfully for years to dump AMD stock. But I do think as it just reached multi-year lows today, it is becoming time to look into buying it again. Glenn Beck's idea wasn't half bad. However, I do think you can wait to get it just below $12/share. Or throw it all on another stock at a good company that is having a bad day. Sell when you get a 50%+ boost and now you have something to talk about.
6) If you don't want to gamble, find an online bank and get ~6% return. No fees at all, so 6% is hard to beat with that little amount of money.
2) $1000 is nothing when it comes to investing. It is hard to do much with only $1000, especially if you don't know much about investing. The fees alone would eat you alive if you bought many things with it. You might very well be best off sticking your meager egg into one basket.
3) What retirement plans do you have at work? Are you getting the full company match? If a 401K, Simple, or equivalent plan is available with a match and you are ignoring it, this is where the money should go. A company match will instantly make that $2000.
4) If #3 doesn't work, you could possibly invest in a separate retirement account. But even then, if you don't intend to do much else with it, I wouldn't bother. A retirement account with only $1000 in it, won't get you much return. But, if you plan to add more, then by all means, open up an account. Buy one mutal fund with low fees and wait.
5) If you want to be more risky, gamble it. Throw it all on one stock. I have been saying successfully for years to dump AMD stock. But I do think as it just reached multi-year lows today, it is becoming time to look into buying it again. Glenn Beck's idea wasn't half bad. However, I do think you can wait to get it just below $12/share. Or throw it all on another stock at a good company that is having a bad day. Sell when you get a 50%+ boost and now you have something to talk about.
6) If you don't want to gamble, find an online bank and get ~6% return. No fees at all, so 6% is hard to beat with that little amount of money.
Your best rate of return would be to invest the after-tax remainder of your $1,000 bonus into paying down credit card debt.
If you don't have that, then instead, invest it in a new suit and a new pair of shoes.
If you don't have that, then instead, invest it in a new suit and a new pair of shoes.
- Aug 4, 2002
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Thanks for the info man. First off the bonus was actually $1,500 but I only received $1,000 after everything was taken out. I am enrolled in 401k at the moment and the company matches the first 3% then half the next 2%, so right now I am having 5% withdrawn out of my income to go towards my retirement. I'm halfway itching to try the gamble but as I said above, I'm unfamiliar with stocks and $1,000 isn't much to invest with.
dainthomas
Lifer
- Dec 7, 2004
- 14,882
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