Lux Investing
Best way to invest money?
I am currently a full time student and full time mom, my husband and I are looking to invest about $500 and was wondering what a good way would be to get money back? Any Suggestions?
Public Comments
- Buy a few Nintendo Wii's now, wait and sell them in Xmas.
- Is this a one time investment? Short term investments tend to be much riskier, unless you put your money in a CD or money market account. Your first option should be to fund fully a retirement account. If you have done this, or you wish to wait on the retirement fund, then one of the best things you can do is open a DRIP Plan. They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street. The best part is you get solid annual returns from well-known, safe Blue Chip companies like: McDonalds, General Electric, Pfizer, Walmart, US Bancorp.......etc........ They are inexpensive to start and maintain, and your dividends are reinvested for free. They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. Good Luck
- A few of my ideas: Get a website, put some random stuff on it, and then advertise buy using stuff like Google's "AdSense" Secondly, you could always invest in the stock market, but you'll have to wait a long time to get your money back.... And thirdly, you could go into a classic-car selling mini-business. The idea would be to invest around $250 - $500 in a really old banger that you could find on a junkyard, then restore it over several weeks or months, then sell it again and then start the whole process over again!!
- You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. http://www-forex.spaces.live.com
- I would recommend people-to-people lending. It's a relatively new concept that can enable a substantial return on investment if you properly identify risk factors. ROI can easily be maintained around 10%, with little to no correlation to the stock market. Follow the links below to see for yourself, and get more information. Basically you loan money to people like a bank does. Not convinced? Banks and underwriters are in business because they make money from loans, and lots of it, and these are some of the wealthiest people in the world. As a lender, it works kind of like e-bay. You identify listings (borrowers), and view their financial information. You see their credit score, income, current debt load, etc., and use this information to decide if you want to bid on the loan. When bidding, you simply enter the lowest possible interest rate your willing to give to that individual and bidding proceeds until the loan is fully funded (or not). Loans are always over a 3 year period, and they provide all of the loan servicing and collection services having that cost built into the borrower’s service fee. The nice thing about it is you can perform detailed historical analysis of all loans serviced through the system, using factors such as credit grade, employment history and income, along with other information that a bank uses when you get a conventional loan. This allows you to identify only the best loans, and see the expected ROI associated with only the criteria you are interested in. Also, it’s a great way to borrow money. If you’re looking to fund a business startup or other venture this is a good place to start and get a competitive rate. This is a really cool concept that I would definitely recommend that you at least research further through their website. Use their historical performance tool to see the results for yourself. Performance analysis tool is here: http://www.prosper.com/lend/performance.aspx?referrer=lender1980x General information here: http://www.prosper.com/join/lender1980x
