What's a wise way to invest $1,000? HELP

[Transition]

Hello everyone,

I've got some extra money that i'd like to invest and i was wondering if anybody had some good ideas. And no, i won't be investing it into YOU! Anyways, suggestions are appreciated!

 

[MissSuperb]

Buy your girlfriend/wife some flowers if you have one. Us ladies sure love flowers.

> < Or you could send it to me

 

[Viper GTS]

Are you completely debt free?

If not that'd be the best place to start.

Viper GTS

 

[Transition]

I am completely debt-free.. 20 y/o making 30k+ living at home with parents.

 

[Viper GTS]

<< I am completely debt-free.. 20 y/o making 30k+ living at home with parents. >>



Good place to be, I'm 19 & making $30K plus in the same position. Working on the debt free part, though I'm planning on financing a vehicle in the next 3 months or so.

Viper GTS

 

[Transition]

Sounds good.. I couldn't justify spending the money on a new car when my insurance would be so high. I was looking at a new Tacoma but insurance would be $240/month, and i have a perfect driving history. Right now i'm just driving a 92 Jetta with liability for $126/mo to save some cash..

 

[Balt]

http://forums.anandtech.com/messageview.cfm?catid=38&threadid=605025

The interest rate on these isn't that great, but you can count on them never losing value (as long as you don't bail out prematurely) and you can help your country.

 

[StageLeft]

If debt free start up a mutual fund account with a company like agf - agf.com. $1000 will get you going no problems and just pick one of their funds and buy into it. Given your age and the fact that you should ideally be looking to keep this money invested for a while you can afford a reasonably aggressive fund.

Alternatively - and best yet - is get started in a 401K. Since I only moved to US I can't say I know how to do this but to save other people on AT the effort this is a great place to put cash into. It cuts your taxable income and puts you on the path to long-term investment sexiness.

 

[Transition]

Ok i'm stupid. I know my company offfers a 401k program, but what exactly is it?

 

[vi edit]

What sort of investing?

Short term? 6 months up to a year or two
Mid term? 2 years to 10 years?
Long term? 10 years to 40 years, IE retirement?

If you are looking long term, your best bet is to look up reputable investment company and open a Roth IRA and dump that $1000 into an S&P Index Fund.

 

[NetworkDad]

401k's

 

[numbnutz]

VEGAS BABY VEGAS!!!!!!