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Anything to invest $8K in?

E

enyce2k9

Golden Member
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.
 
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.
 
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.
Click to expand...

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

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.
 
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.
Click to expand...

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.
Click to expand...
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.

 
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
 
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