Lux Investing
Best investing strategy for little money?
What is the best investing strategy for someone who has a little money? The reason I'm asking is because I would like to invest a little bit of my tax check and I do not know what the best thing to invest in is. I'm looking at investing approximately $500. Any help would be greatly appreciated. Please don't spam about scams or anything of this nature. I'm truly looking for investment strategies that are legal and not scams.
Public Comments
- High risk China Stock Market mutual funds. I will get back with you on this. Watch this chart for an upsurge, as you can see it has plummeted but will eventually re-surge with returns as high as 80%. still a risk but that's the stock market. http://chartserver.fasttrack.net/chart.aspx?symbol=DJ-C6&span=6&SorF=F This is not a scam. but rather true investing through any investment firm like TD Waterhouse. Unlike this parisite below me. I can't believe these companies actually have people trying to exploit their scam on Yahoo Q& A Your reported A-Hole.
- You can invest in any Schwab fund with as little as $100 dollars (so you could invest in up to five funds there). I like Schwab and use them personally for my investments. They don't charge any account fees, and you have access to a financial advisor 24/7 for free (they can advise you on which fund(s) would be the best). I personally like the Schwab Target funds, where you pick the date closest to when you'll need the money and they take care of your money by reducing risk appropriately as you approach the year you choose (like retiring in the year 2030).
- First, I would not listen to the person suggesting to invest in the Chinese stock market - it is a bubble still deflating. They haven't yet hit capitulation. For $500, and little to no savings, I would recommend looking into QQQ - which is an ETF that follows the S&P 500. Here you can invest in the biggest and best companies in the US - essentially it's like betting on the US economy. Furthermore, keep you money in there - don't take it out for 10 years. If you're going to be in less than 10 years, I wouldn't touch the stock market. Get a CD.
- U can invest in forex. It give leverage up to 1:500 I use expert advisor in trading forex. It's automated forex U can visit my blog http://duyduyfx.blogspot.com it's about automated forex review But if u don't know about forex. Better stay away.
- Invest in ETF: ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% - 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read. http://debts-to-wealth.com/category/Why-Invest-in-Exchange-Traded-Funds.html
