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| Investments Discussions and questions about stock market investments, tax free savings, and high interest savings accounts. |
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| Investments Discussions and questions about stock market investments, tax free savings, and high interest savings accounts. |
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It depends on your timeframe. If you are using they money for retirement your best bet is a balanced mutual fund (preferebly a flex fund) or two indexed ETFs to meet your risk level.
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I agree it depends on your timeframe and your life style.
Really $1k isn't much to invest in stocks so if you are not in a hurry take a look at CD's or an IRA account. |
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The answer to that depends on what other savings you have already, and how likely it maybe that you need to use the money?
Without knowing that there is no honest way to advise you. |
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If you are looking for a long term investment you can open an IRA with the Vanguard Star fund with $1K. It is a 40/60 balanced fund with a low er. If you are looking for something more short term, shop around for a CD.
DF |
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The problem is no one knows how old you are. If you're 18 - 21, go ahead and use that money on stocks. "Not a lot of money" is a subjective term, since if you gain double your money, I'm pretty sure that'll seem like a pretty damn good return for you. And if you lose it, you are at the age to recoup it just by working for a few months. The point is to get your feet wet and to see if investing is something you can get into. Key points to remember:
No high return on low/moderate risk. No guarantees. If you're going to go into it, approach it just like vegas, be prepared to lose your money but make calculated bets to establish gains. Educate yourself as much as you can about it so your money doesn't just get swept away due to your lack of control. |
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Quote:
Hope I was helpful Good Luck!!
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There is a lot of options on where to invest.. the problem is where do you like to invest it on stocks or forex? is it on stocks? If so, I could give you tips on where to invest your money on... With good options and unbiased stock picks!
Last edited by DaltonHill; 07-07-2010 at 12:06 PM. |
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Best way is to invest is in stocks. If you don't have the knowledge about trading better consult some financial advisors, who will provide the tips for the investment.good luck |
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stocks, open an account with scottrade or tradeking and if you don't know how to trade, take advantage of their free customer service and pester them until you become a pro.
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