Lux Investing
looking for a good short term profit. where should i invest?
would like to make a short term investment (1-6 months) what companies should i invest in. also how do dividends work?
Public Comments
- For that short a time, put it in a bank CD. You shouldn't be in stocks or mutual funds if you need the money in the short term.
- Over long periods of time, stocks historically have better returns than any other investment class. In the short-term, however, they are risky. With the economy slowing - and some think going into recession - it's not clear to me that the market as a whole, much less any individual stock, will be up in the next 1-6 months. I personally would not put any money I need in less than two years into stocks. (For long-term money, I'd have most of it in stocks.) And to try to pick an individual stock at this point is very risky. Until the full effects of the subprime mess and the extent of the economic slowdown are more clear, almost any stock could go down over the next few months. Of course, it's also possible that we're near a bottom and the market will rise significantly because things start looking better, but I certainly wouldn't want to bet on that with my hard-earned money. For 1-6 months, I'd put my money in a money market account or short-term CD, whichever pays higher.
