Lux Investing
Im 25, want to invest 1,000 for one year growth?
Whats the best way for me to invest my tax refund, which will be 1.2k dollars. Im looking to grow it over one year and then spend it at the end of the year. I already started investing last year, I currently have 1.5k in the market, and have thus far seen 7% growth, I want to beat that with my refund money, would it make sense to put it all into one high-performing stock? My portfolio right now consists of a wide mix of stocks, with no more than $100 in any one stock..
Public Comments
- If you have no more than $100 in each stock, then trading fees must be killer, unless you're in DRIP programs. Honestly, you can put the money in GMAC demand notes and make 5.75% right now - with no down side - you're taking risk for an additional possible 1.25% and maybe more. Honestly, if you're going to do a drip, see if Heinz or Kraft has one, that's probably your best choice. 15 stocks you're watching - I have an order of magnitude in the market much greater than yours, and that's too many stocks for me to watch - BTW, I own mstr, kft, mo, cat, gm, eds - and am making about 12% per year.
- Here is a thought or two for you to consider. There is risk in these, but if you want better than 7% growth, you are going to have to take some risk. 1. SWZ--a closed end fund investing in Swiss stocks. Why this one? Swiss franc is a whole lot stronger than the U S dollar. Fund has a decent portfolio of solid companies. 5 yr average annual return is 21.5% much do to the sorry state of the dollar. Sells currently at a 8% discount to net assets. 2. CHN--a closed end fund invesing in Chinese stocks. Why this one? China is growing about 2 to 3 times faster than the U S. 5 yr average annual return is 29.5%. Sells currently at a 11% discount to net assets, the largest discount is quite some time. Somewhat more risky than 1. Invests in somewhat smaller Chinese companies.
- The Vice Fund returns at least 20% each year but you need at least $4,000.00
