So I have around 5k to play with, anything I can do with it to make a nice little profit by Christmas time?

I'm willing to take a semi risk (stocks) just want to hear your opinions. Is it even worth it to risk?

 

By christmas time? I'd say the casinos are your best bet. But if you want to think more long term, i'm sure we can help you.

that said, google just seems to keep going up and up.

 

Alright how about long-term what is my best option? I've always wanted to invest in some stocks, and I feel now I have some extra cash to do so.

 

what kind of returns are you looking for?

 

Any return is a good return...It's better then just sitting in my bank account making like next to nothing

 

too short of time to make money unlesss u gonna really gamble, u might as well flip bricks

 

I work for a large Mutual Fund Company...I can't say the name on a public forum, but if anyone is interested in some investment ideas, feel free to shoot me a PM or IM me at "Airjam21". FYI: I will make absolutely no commission off the investment. I'm just here to help.

 

Edward Jones? Why can't you say where you work on a public forum?

 

It's not Edward Jones. That's more of a Financial Management firm. When I signed up with this company, they said we're not legally allowed to go on public forums to "represent" them. I don't agree with the policy, but I don't wanna push it either. Think in the ballpark of a BIG company, like Fidelity's main competitor.

 

It says Vanguard on his myspace page I applied for a job at their HQ outside of philly but got no love, but i ended up with a higher paying job at home.

 

 

Money Market, Precious Metals Mutual Fund, Hookers...

Or just save it at +5.xx% at HSBC or E-Loan.

 

My main reason is I just want to get it out of my Bank of America account, I don't like the fact that I can transfer it into checking in like 5 seconds online. I want to put it somewhere else, and forget about it.

 

I have about 5k in paypal earning their money market... 5% a year which is about $20 a month. It's not much, but it's not too bad for money that can be moved to a checking account and be ready to use within a few business days. Basically amounts to a free dinner every month...haha.

You're not going to get any serious returns by christmas time without undertaking a good amount of risk.

 

Seriously Roth IRA. You're 21. Dump as much money into it as you can every year, you should be maxing the amount you can put into it every year. Take some time and read about it.

http://www.nysscpa.org/cpajournal/19...res/f14698.htm

The Roth IRA Provides Tax-Free Distributions
In contrast to the tax deferred benefits of regular nondeductible and deductible IRAs, the Roth IRA provides an accumulation of earnings that are never taxed if qualified distributions are made. Qualified distributions include distributions--

* on or after the individual becomes 59 wQ ;

* after the death of the individual;

* for disabilities or

* for a qualified first time home buyer expense.

Anyway, just something to think about. I'm completely skeptical about the government being able to support my retirement. I work with lots of people in their late 30s and 40s. I can't tell you the number of times I have heard them tell me I wish I would have started saving and investing sooner.

 

I agree 110%. But he wants the money by Christmas.

In addition to my suggestions above, you can open an AMA (asset management account), basically an all-in-one brokerage/checking account, earn 5+% on your funds, have the ability to trade stocks, AND have access to your money quickly. All FDIC insured, unlike MMA or other investment accounts.

 

That AMA account sounds pretty cool, ya I'm not really worried about Christmas time, just looking for a nice place to put the extra cash I don't need right now. I'm going to google up AMA accounts and see if they are right for me.

 

If you plan on using the money within a short period of time, wouldn't a 3/6 month CD be a wise, guaranteed investment?

 

$5000 on black.

 

no no no 2500 on Red and 2500 on "second 12"

 

If you have large cods, you can always play the option markets. I haven't been paying much attention to anything lately, but you can make a large chunk quickly and there are a million things being traded (gold, wool, Euros, plastics, etc. etc.), so if you have some knowlege about a particular field, put it to use. It can be scary, though, so be careful.

By the way...I, too absolutely agree with putting the money in an IRA. Without a doubt. And I am a tax accountant for the largest accounting firm based in Houston. (again with the no-name policy crap)

 

Just to update. My AMA account made $200 in two weeks just investing in a piggy backed mutual fund tied to the account. That's not bad, don't you think?

 

How much money do you have in there?

 

buy apple stock. they they announce their phone or maybe the new video ipod at Macworld in Jan, you should get a nice pop. Of course, these are rumors, but its likely something sweet will be announced

 

iphone is gonna be done by cisco and linksys not apple...

 

Check out RVT for a great return.

Stock is a little pricey right now but you should definitely keep an eye on them with a 9% return.

 

okay, the "iphone" will be done by linksys and cisco, but it's pretty clear that apple will be releasing a cellphone

 

OK same question. I got 5K cash. I would like it to grow well in a year's time. It's sitting in my ING account now at 4.something %. I want to like double it in 1 year. How can I do that?
Forget IRA's & crap I have those already this is strictly $$ I want to double in a year.
Advice?

 

double over a year= gambling

 

How much risk are you willing to take? I honestly think gambling on 1 hand of blackjack would be one of the best ways to go. You almost have a 50-50 chance....Pretty hard to pick a specific stock that'll double in a years time.

 

Hustle. Push weight on the corner

 

number one vote

 

RVT is currently paying 9.X%. That might be an option.

Why dont you subscribe to a brokerage firm and look at their research software?

 

If you hit blackjack you'll more then double your money Turn your 5k into $12,500 within 30 seconds.

 

Hmmm...True! I'm going to Vegas for New Years. Not sure if I'll slap $5k down on a hand though. But in any event, send some luck my way!!

 

I work for a trading firm & really have no interest in stocks. I've never gambled so I'd lose that $$ in a heartbeat I'm sure.

Doesn't matter now anyway. I used the $$ yesterday to pay off my car.

 

5K? And you want to double it... hmm. Should have bought Northwest Airline stock a week or so ago, that sucker jumped 500+% when oil fell in price. Now with speculation of a buyout, who knows. My coworker jumped in on that with a stop-limit on selling and made a cool $95K. I was pissed cause I didn't buy into it.

 

95k? He sure got lucky with that move. If he was in stock that was just ridiculous to have that many shares in a garbage company.

 

Isn't that garbage, with a recent BK and the recent ups and downs of oil prices, it wasn't a bad move. No one is buying [the company] NWA anyway.

 

*cough cough*

AAPL up 13% over monday's close.