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| Investments Discussions and questions about stock market investments, tax free savings, and high interest savings accounts. |
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09-01-2010, 03:48 AM
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Re: I have $1,000 - where to invest it?
If it's investment, it's India, i can say this as i already studied many articles on this, India is the hottest investment destination, and there most of the sectors in India are promising. the best way is to consult with the experts via live chat or read some investment guides to know the stats.. check out oifc.in these guys are experts when it come to investment.
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09-05-2010, 01:10 AM
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Re: I have $1,000 - where to invest it?
Quote:
Great advice there mate, except the OP said he has $1000 Even if you were to put $1000 into one stock. The transaction costs both ways would mean he'd have to leave it in there for quite some time to make any money. If he's in a country that has capital gains tax, that means waiting even longer. Quote:
India? Read above. and on top of that, if OP isn't in India, he still has to hope for favourable exchange rates and cover spread costs. So lets assume he invests $1000 in a company in India. His $1000 has to increase enough so that it covers: 1x transaction cost for buying the stock 1x Once the stock's value has increased to an acceptable level, now he covers 1x transaction fee to sell the stock 1x Now he pays capital gains tax on whatever profit there is left. 1x Now he pays the spread when he transfers his money back into his home country's currency. And on top of that, he's hoping the Indian curreny doesnt strengthen. That's a lot of costs.. Can you honestly sit there with a straight face and say he'll make money on $1000 investment when he probly has little to no knowledge? Some people don't think before they post here. Last edited by qanswer; 09-05-2010 at 01:24 AM.
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09-06-2010, 09:00 AM
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Re: I have $1,000 - where to invest it?
Forget the stock market.
Contact the clerk of your circuit court and look into bidding on a tax certificate. When people don't pay their property taxes the tax collector's office offers tax certificates. You bid on the certificate and the person with the lowest bid pays the tax to the county and gets their principal plus interest when the tax is paid or the home sold. Most investors bid in the 9% to 12% range. The tax certificate is a lien on the real property so this is a no risk investment. The unknown is how long will your money be tied up and there isn't any way to get your money until the tax certificate is redeemed. The stock market is a sucker's bet and the quickest way to lose your $1,000.
__________________
Gary Spicuzza, *SAFE Copyright 1956. No Rights Reserved. *Self Appointed Financial Expert
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09-07-2010, 12:15 PM
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Re: I have $1,000 - where to invest it?
The best investment would be to payoff any debts that you may have with the $1000
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09-07-2010, 12:27 PM
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Re: I have $1,000 - where to invest it?
lighthouse made a good point, unless you have releived yourself of all debt you should not do any investing.
If you are debt free then you should look at some stocks that are trading very low right now. I've put some money into PAYCHEX and even though 1000 isn't much if you can hang onto that for a few years in that stock you will gain a good amount as small business begins to pick up. They also pay a very good dividend. Granted with $1,000 you won't double your money but you could make a good return of 23-30% depending on your patience level and amount of risk you want to take.
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