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Where to invest $1000?

A

AgentEL

Golden Member
What's a investment to help $1000 grow? I wanted to buy stock, but I don't think it's the right time for that. Relatively, a grand isn't that much money. Any suggestions?
 
Do like every other yutz seems to be doing and invest it in your car. Maybe some spinning rims or a whale tail.
rolleye.gif


Maybe a RothIRA or something if you don't care about touching it for awhile. How old are you?
 
savings account at INGDirect.com -- in just one year you'll have an extra $20 ! (woohoo!) before taxes. (d'oh!)

Unfortunately there isn't much else you can do with the money without taking a huge risk like betting on a single stock or going to Vegas.
 
23. not too worried about risk. Either short or long term I guess. I just want to maximize the money I can squeeze out of $1000. It's not my life savings. This is extra money aside from savings and emergency money.
 
med/long term: United States i bonds from ustreas.gov since they're paying more than any savings or CDs right now and you don't have enough to start buying a nice S&P 500 index fund like Vanguard's VFINX without paying "account maintenance fees" that would eat up any profit.
 
Hey big man let me hold a dollar.

I'd probably pick two companies that I liked and thought would do well, then go to buyandhold.com and put down 500 on both. Either that or bet against the Falcons
 
What do you want to do with it? If it is a long-term investment, and you don't need the money for a year or 2 - then there are savings accounts that pay a particularly high rate of interest on the proviso that you can't withdraw your money before a certain time period.

If you want to buy stock then, for a beginner you could do far worse than investing in a fund (but make sure you choose one with *very* low overheads, something like an index tracker fund). There are new products called 'exchange traded funds' where you can invest and withdraw just like buying stock in one particular company, but your investment is spread amongst all the stocks in an index.

If you want to do something outrageous and different then why not buy some gold? If you buy bullion coin, it is easily sellable. The dealers often have very low overheads and recognised coins often sell for somewhat more than the intrinsic gold value. Gold prices are relatively stable, and if the worst comes to the worst you could dump them on ebay as novelties (often at considerably over their real market value).
 
Originally posted by: Corsairpro
buy AMD stock its cheap as hell ($14 / share)
Click to expand...

Hey, a year ago, AMD was sitting at $3.50 a share. I picked up 100 shares which have netted me $1000 in profit.

Now where do I invest the $1000??? :Q
 
Originally posted by: AgentEL
23. not too worried about risk. Either short or long term I guess. I just want to maximize the money I can squeeze out of $1000. It's not my life savings. This is extra money aside from savings and emergency money.
Click to expand...
Find an aggressive fund with no load, and a $1000 or lower startup. Small-caps are doing quite nicely these days.
 
Check out Kiplinger's Personal Finance, November 2003 issue. It has a big feature on how to invest $1000.
 
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