Repo1234

Well like the title says, what's the best way to invest $1,000 dollars? I know it's not much but it's a start. I really don't mind taking on a lot of risk becuase I see this money as a sunk cost. So what would be a good place to put this money? I'm open to any suggestions!

einsatz

floozies and booze!

kumar6

certificate of deposit

or if you know of any good bonds or stocks that could give good returns... problem is the stock market is for shyt right now...

good luck...

kumar

mclarenf3387

ING Direct Certificate of Deposit.

They earn 4.4% on a 5 year CD. Or like kumar said, a decent bond or stock.

Zippee

A "no load" growth mutual fund. Invest it and leave it alone.

Repo1234

I've thought about bonds, but I dont think it's a good time to invest in them. Interest rates are bound to go up!

Repo1234

Please elaborate!

Amoeba

mssi watch for a bounce off the 52 week low to around .05-.06 in the next few weeks or month and double your money

Gixxster

^^^^ What is "mmsi"?

Repo1234

Anyone else have any good ideas???

av6ent

not much you can do with $1000.

Amoeba

mssi.ob it is a stock that deals with medical staffs, and has a good revenue stream and will be producing more contracts, great time to jump in...you will be sorry if you dont in my opinion

pimpscls

you wont have to much exponential growth with a thousand dollars in savings accounts or deposits. I say try buying the right stocks at the right time

pimpscls

^ i too am going to put a thousand in the stock market. Im just analyzing which one would be the safe one to go with

Repo1234

Yeah I know that, but it's a start!




From the looks of it I'm just going to open up an e-trade account and buy some stocks. I'll see what happens. E-trade is one of the only online brokers that lets you open an account with a thousand bucks. I'm sure there are others but I'm going to go with e-trade.

Zippee

Mutual funds are a complex subject, but basicly what a mutual fund does is buy stocks in many companies. Gives a very diversified portfolio.

Lots of fund types; growth, income, tax free, bonds, etc. Do some searching and hit some of the big funds web sites; T Rowe Price, Vanguard, Janus, Fidelity and Magellen are good starting points.

"No loads" mean they do not charge an up front comission but charge a management fee of about .06%. Look to see what the net return is after fees.

Buy a good fund, reinvest the dividends and leave it alone. Some years from now the 1k will have grown into something nice.

-Z-

RR32CLS

you can give it to me, i can invest it into my inventory and you can recieve a 20% return within a max of 2weeks.

just a thought...

VeeralS05

I'll be willing to take it off your hands

Repo1234

Thanks for the explanation. I already knew what Mutual funds were, I just didn't know what the load/ no load meant.

Repo1234

Ummm... thanks!

Repo1234

Inventory of what?

av6ent

:blaze:

VeeralS05

Invest in some marijuana. Buy in BULK and sell by the dime...

Repo1234

Although that sounds like a good idea, I dont think the risk justifies the reward. Afterall I got a future to plan for. :blaze:

Amoeba

missed out on mssi, you could have picked it up for .03 when I said and it hit .055 mid day two days back i think or maybe it was yesterday, too late now

mc222

Back down at .03....I love getting penny stocks on the low end, and setting an auto sell price at say .05....Ive made a couple grand this MONTH alone!

(I know Ive been lucky) Im gonna track mssi for a week or two...Thanks for the tip!

Amoeba

no problem, mc222 i am a penny investor as well and made $2400 this month, it took about a year before I caught on how to get it going now my portfolio is up 100%....other tip is take a look at wagi, try to buy in at .019 if you can.

Cocoa

iTrader: (2)

What's a penny investor? How much do you have to invest to make, let's say, 2 grand profit?

Let's say, you buy 50,000 shares at .02, which would run you for $1,000......the price of the stock would have to jump to .06 to make the 2 grand profit right?

If so, where do you go to invest in these penny stocks, and what are the downsides to it? Would you "Highly" recommend it? Is there a constant drop and rise in the stock every month? What is the highest it has gone, and what affects these stocks?

Cocoa

iTrader: (2)

Are you taxed when you decide to sell, and how much if so?

Amoeba

mc222 were you watching mssi, soon after my suggestion at .03 i think it went to a high of like .085 mid day or something, huge profit, yes you are taxed when you sell if you make a profit, since i dont make income im taxed something like 15%, prob whatever tax bracket your in is what your taxed, I let my father take care of that

Amoeba

Anyone been watchin this since way back when i mentioned it, its gone up and down so many time and has got a solid base at .055 now, its currently at .065, so if u bought at .03 when i told you, youd double up by now, but its been to highs of .09 since ive told you, ive played it many times and have made nice money, its a good one to watch

Doc.Booty

I'll keep an eye on it. If she drops lower (.06x right now) i'll jump in

Amoeba

ABreece, if it starts falling it will fall hard, but then seems to out of no where come back to its previous levels, so its hard to predict. This company is bringing in real revenues, now they just gotta be done with cornell financing. I am thinking .10 in a month.

Doc.Booty

It's around .05x right now. What are you thinking - buy now, or wait and see if it'll hit .04 or .03?

PavDog

ING in a CD is prob best bet. First thing in investing is to not lose what you've got.. I don't like market right now.

If you want to invest in a mutual check out vanguard index fun (VTIX). You want something with broad market spread and as low as possible commissions, etc.

Also consider putting it in an IRA (roth or regular)

Scrib

I wish I could reach through this T1 and smack you.

What kind of fucking advice is it to give to someone to invest into a worthless, no business model company, when they specifically said they're "starting out”?

And don't give me a line of how you've made so much money, etc... For every one person like you, there are thousands of others who lost $2400 in a month on crap ass penny stocks.

Unreal.

He's better off going to vegas and betting it all on a roulette number.

/end

Amoeba

Scrib its not that hard to play the penny game, you just have to be informed, people who lose all there money is because they dont put the time in that is necessary, im 18 years old and doing fine, its all about knowing when to buy and when to sell, I dont hold onto any of them long term, just play the dips and peaks. With $1000 to invest thats not much, and putting it into a 2% CD doesnt seem like "investing to me", oh yay I made $20 a year with my great CD. Ill make $50 a day with $1,000 easy!

Amoeba

Oh I forgot, your 27 and know more financially then me, youve experienced more, so I have to be such a bad guy at my young inexperienced age to suggest such those risky and terrible penny stocks with no business structures, o man. BTW I bought into mbah at .03 a little while back and felt this one had a chance to explosive, well I got out at .15, should have stayed in longer.

95gt

you sir must have the magic touch. I am sure there are about 20 thousand stockbrokers that may disagree with you on the penny game.

If it was so easy everyone would be in it. People research the hell out of stocks as their jobs and they still don't always make the right decision.

Consider yourself lucky

Amoeba

Abreece with MSSI, its hard to tell right now and I would leave it alone, I think there may be a base at about .05, and it could be ready to run by the end of the week or next week, however if it breaks its support at .05 I would probably jump in.