Lux Investing

I would like to invest a little money. how would you invest $3,000 legally?

Public Comments

1. buy stuff and sell them on ebay, it can be really profitable, try your luck at the stock market,
2. I would invest $3,000 in a mutual fund. The fund I would choose is ticker symbol CGMFX. Huge reward/Risk. Average gain is about 20% annually for the last ten years. Ken Heebner, the fund manager, is the man you want to manage your money. Goodluck
3. Buy 24 packs of soda, you can usually get a 24pk for about 6 dollars and sell the cans easily for .50 -.60 cents at that rate that is a 50% return. Downside it requires high volume.
4. Stock Market = Etrade..not in a broker
5. The investment vehicle that has worked best for me is my DRIP Plan. I have had it for over 20 years and it has given me an annual return rate of 10.4%. They are seldom recommended by brokers due to the low rate of commissions received. However, these reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP's are one of the best strategies on Wall Street. They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan. Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases. These long-term plans are great for beginners as well as veterans. Check them out. Best of Luck