Anything to invest $8K in?

[enyce2k9]

Hello Atoters,

So I have around 8 Grand.
I know if there was a clear answer to my questions everyone would have easy money,
But only safe option I know of is having the amount on a savings account to earn around 4.xx% interest.

Is there anything computer related I can invest in?
Any online currency trading business?
Any thoughts please, thanks.

 

[wvtalbot]

With the way the country is currently being run?

Gold

 

[tweakmm]

There are lots of online currency trading places, but assuming you know nothing, messing around with the foreign exchange is a good way to loose all your money fast. That being said, if I had eight grand I would invest in the forex market.

 

[Whoozyerdaddy]

How about I hold on to that for ya...

 

[MixMasterTang]

Originally posted by: enyce2k9
Hello Atoters,

So I have around 8 Grand.
I know if there was a clear answer to my questions everyone would have easy money,
But only safe option I know of is having the amount on a savings account to earn around 4.xx% interest.

Is there anything computer related I can invest in?
Any online currency trading business?
Any thoughts please, thanks.

You can loan me the 8g's and I'll pay you back with 6% interest.

 

[vi edit]

How long before you plan on needing it? And how liquidible does it need to be?

 

[gigapet]

down payment on a rental property?

 

[DaveSimmons]

Savings account is it for the short term. With rates rising and with INGDirect and Emigrant offering such good rates, savings is better than CDs for many people since the cash is easily accessible.

Any "make money fast" investment you find will be very high risk or a scam.

If you wanted to invest for retirement, stock index based mutual funds are a good choice, see Vanguard.com and VFINX.

If you have earned income last year you could put $4K into a Roth IRA at vanguard.com and the other $4K into a savings account.

 

[theMan]

GOOGLE.

 

[EKKC]

go with safe stocks if you dont plan on taking the money out soon

 

[Chadder007]

Im needing the same....but I have a bit more to invest. I would kinda like to do some property flips but everyone wants to much for crappy houses around here. Anyone know how to flip properties?

 

[everman]

How long do you intended to invest it? What do you want to do with it later? How much risk do you want to assume?

 

[Captante]

Originally posted by: Whoozyerdaddy
How about I hold on to that for ya...

Dang ... beat me too it!

 

[alien42]

read my posts here

 

[Leper Messiah]

Donate it to a charity. *cough*me*cough*

 

[mrchan]

Originally posted by: DaveSimmons
Savings account is it for the short term. With rates rising and with INGDirect and Emigrant offering such good rates, savings is better than CDs for many people since the cash is easily accessible.

Any "make money fast" investment you find will be very high risk or a scam.

If you wanted to invest for retirement, stock index based mutual funds are a good choice, see Vanguard.com and VFINX.

If you have earned income last year you could put $4K into a Roth IRA at vanguard.com and the other $4K into a savings account.

You can put all 8k into a roth. 4k for last year and 4k for this year. Research a few mutual funds and watch it grow tax free.

 

[DaveSimmons]

Originally posted by: mrchan

Originally posted by: DaveSimmons
Savings account is it for the short term. With rates rising and with INGDirect and Emigrant offering such good rates, savings is better than CDs for many people since the cash is easily accessible.

Any "make money fast" investment you find will be very high risk or a scam.

If you wanted to invest for retirement, stock index based mutual funds are a good choice, see Vanguard.com and VFINX.

If you have earned income last year you could put $4K into a Roth IRA at vanguard.com and the other $4K into a savings account.

You can put all 8k into a roth. 4k for last year and 4k for this year. Research a few mutual funds and watch it grow tax free.

Yes, and putting in at least $5K would avoid one Vanguard fee, but I wasn't sure if enyce2k9 needed to keep some of the money available for emergencies.

 

[CrackRabbit]

My Wallet.

I think you will find my wallet makes a great investment.....

 

[GeneValgene]

put it into roth ira if you don't need it right away, and it doesn't have to be liquid

or you can just buy a mutual fund

or you can ladder CDs to beat the 4.xx% of savings accounts