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Yet Another Investing Thread

C

CrazyLazy

Platinum Member
How would you invest $2,000 over around a 5 year period? I am young so it's not a huge deal if I lose some $ and I just have it kicking around so I figured I should do something with it. Your thoughts/advice are appreciated.
 
Hmm...put it in a blue-chip with dividends. You could get 100 shares of GE right now for about $2,000. GE isn't going anywhere and pays a nice dividend.
 
Originally posted by: CrazyLazy
How would you invest $2,000 over around a 5 year period? I am young so it's not a huge deal if I lose some $ and I just have it kicking around so I figured I should do something with it. Your thoughts/advice are appreciated.
Click to expand...

since when are you a capitalist?

if you have balls buy DXQLX
 
Dont buy a regular index fund. Since it's five years, buy an index tracking ETF that doubles your exposure, and therefore your return in the market. Essentially, if the market goes up 50% in the next 5 years, the ETF will go up 100%. Now is a great time to buy since the market is way down.

Look at ticker SSO.
 
If you need the money in 5 years, just stick it in an online savings account or CD. You really need an investment horizon of at least 10 years before it makes sense to start investing in stocks. This assumes you want to ensure you will have access to your money when you need it.
 
Now is still a good time to buy an S&P 500 mutual fund or ETF if you really won't need the money for at least 5 years.

Otherwise, high interest savings account or CD at INGDirect or similar.
 
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