What would be the best way to invest a couple of thousand dollars?

[MaxDSP]

Half of my cash goes to savings and the other half goes to checking to pay bills, but it seems like my money is just sitting there in my savings collecting little interest, when I could be investing it into something more worthwhile in the long run. Ive thought about gov't bonds and mutual funds but don't nearly know enough about them to take such a huge risk. What would be a good long term investment choice?

 

[ElFenix]

index funds. or drugs.

 

[shiner]

Send it to me and I'll invest it in a nice new 65" HDTV. That way when you are in the Tulsa area you will have a nice large TV to visit.

 

[TJN23]

what i've done is put money into a long term growth mutual fund, and linked it to a savings account, and every month drop $50 into it....its hard to do it consistently but i try...i've read and posted a lot and all's i can say is congrats for taking control of your financial future.. (i sound like that suzie orman lady)

 

[amcdonald]

1.) Buy several thousand dollars worth of ham.
2.) Have the first annual "Ham-off"

 

[RossMAN]

If you have bills, pay them off first.

No sense in paying 9.99% interest on credit card charges but investing at 2%

 

[waylman]

Originally posted by: MaxDSP
Half of my cash goes to savings and the other half goes to checking to pay bills, but it seems like my money is just sitting there in my savings collecting little interest, when I could be investing it into something more worthwhile in the long run. Ive thought about gov't bonds and mutual funds but don't nearly know enough about them to take such a huge risk. What would be a good long term investment choice?

Buy tons of beer and trees and have a huge house party

 

[mee987]

start staying up late and watching network tv. there are some kickass infomercials to help you double, triple, or QUADRUPLE your initial investment in only a year!!! those miracle blades look pretty sweet too.

sorry i dont have any real advice, im 19 and i have no job and im running out of money.

 

[MaxDSP]

Originally posted by: RossMAN
If you have bills, pay them off first.

No sense in paying 9.99% interest on credit card charges but investing at 2%

no CC bills at all, have paid my Visa/Disc bills in full and on time for the past 2-3 years. Only thing I have over my head is about $16,000 in student loans, which I'll have to start paying back in about 4 months.

 

[DaveSimmons]

no CC bills at all, have paid my Visa/Disc bills in full and on time for the past 2-3 years. Only thing I have over my head is about $16,000 in student loans, which I'll have to start paying back in about 4 months.

what's the interest rate? paying this down is a better investment than a bank CD, savings account or bonds.

The market gurus who think stocks are still overvalued (because of high P/E rations) would even say paying it down is better than buying a stock mutual fund. Certainly paying it down is a guaranteed return of x% (whatever the rate is) with zero risk.