If you can honestly wait 5 years and not touch your money -
Wait for a "bad event" (like a drawn out war? Attack on americans?" sometime in the next couple weeks for the stock market to tumble a bit. It's had a good run up in the last couple days, but anything negative could send it sliding again.
Pick 2 stocks that you have confidence in, that you think are currently undervalued. Look for those stocks that are at 5-10 year lows right now, but are companies that you are confident will still be around in 5 years. I am NOT recommending tech stocks, rather more fundamental things. Put $500 in each stock.
One example is F, Ford. Right now they are trading around $7.50 I think. This is not a safe investment, there is definitely SIGNIFICANT RISK involved. However, there's a good chance that an investment in one of those "drastically fallen" companies will return 200-300% in a matter of a few years. Of course, there is an equal chance that they'll drop to $3.75 and you're out $500. But right now they are at a 10 year low and are trying to turn things around. In a few years they'll either be history, or they will have made significant changes and will be making money. Personally I suspect Ford will still be around for a while.
In all honestly - it's just not worth investing $1000 in anything stable. What will your profit be even with a decent return? $50? $100? $200?
If you can afford to lose the money, and you're in a position where losing it won't hurt you drastically, invest it in stocks and wait for the next (hopefully) wave of economic expansion.
Wait for a "bad event" (like a drawn out war? Attack on americans?" sometime in the next couple weeks for the stock market to tumble a bit. It's had a good run up in the last couple days, but anything negative could send it sliding again.
Pick 2 stocks that you have confidence in, that you think are currently undervalued. Look for those stocks that are at 5-10 year lows right now, but are companies that you are confident will still be around in 5 years. I am NOT recommending tech stocks, rather more fundamental things. Put $500 in each stock.
One example is F, Ford. Right now they are trading around $7.50 I think. This is not a safe investment, there is definitely SIGNIFICANT RISK involved. However, there's a good chance that an investment in one of those "drastically fallen" companies will return 200-300% in a matter of a few years. Of course, there is an equal chance that they'll drop to $3.75 and you're out $500. But right now they are at a 10 year low and are trying to turn things around. In a few years they'll either be history, or they will have made significant changes and will be making money. Personally I suspect Ford will still be around for a while.
In all honestly - it's just not worth investing $1000 in anything stable. What will your profit be even with a decent return? $50? $100? $200?
If you can afford to lose the money, and you're in a position where losing it won't hurt you drastically, invest it in stocks and wait for the next (hopefully) wave of economic expansion.
Put it in an aggressive growth mutual fund focusing on U.S based stocks. You can pick Vanguard funds with no transaction fees at Scottrade.
The market is going to continue the strong upturn of the last couple of days because this is going to be a very quick war and the market is really going to spike upwards. It's going to do this because alot of the uncertainty of the last year or so will be gone after we take care of Saddam.
It's important to act quickly though if you want to capitalize on this trend.
The market is going to continue the strong upturn of the last couple of days because this is going to be a very quick war and the market is really going to spike upwards. It's going to do this because alot of the uncertainty of the last year or so will be gone after we take care of Saddam.
It's important to act quickly though if you want to capitalize on this trend.
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