how to invest $1000
how to invest $1000 questions and answers
Learn about how to invest $1000 at the number one young investor website Teen Analyst.
Q: How to invest $1000 if no risk is too great?
I have $1000 I want to invest. If I lose it all, it wont be that big of a deal. So I'd do the riskiest thing possible if that meant taking a chance at gaining a huge profit.
Any ideas? Legal please. = )
A: I would invest it in a managed forex account.
There are allot out there that can generate that hughe profit you want.
However 1k$ isn't allot to invest.
I invested 10k$ and it has grown to almost 40k$ in 5 months.
So I believe in your cse it would grow to 4k$.
Q: What is a good way to invest 1000 dollars?
I would like to start making some investments. SInce sept of 08 I started working part time just so that I can go back to school to get my RN degree. I would like to start investing some money in stocks or something. Thanks for your help!
THe 1000 dollars isnt my whole savings its part of my savings that I would like to invest. I know I will not need the money since I have other funds for emergencies.
A: Good for you sistuh.
Now that the market affords you this 50% off sale so to speak, as an investor myself I would buy only stocks that pay dividends. When you buy those stocks and use your dividends to automatically buy more stock, you avoid brokers fees, its automatic so you don't dwell on it,
it is dollar cost averaging (which means you buy when it is up or when it is down, but you are always buying and it averages out) , dividends are like free money, you do not pay capitol gains tax until you sell, and stocks historically in the long run out perform the other options. History does have a tendency to repeat itself.
I would begin with a mutual fund that invests in dividend paying stocks.
American Century has a bunch of funds
Fidelity has a bunch
Get a long term growth fund with solid dividend paying companies in it.
Johnson and Johnson, IBM, McDonalds.
Search on Yahoo search engine "dividend paying funds" and don't look back.
Buy a stock fund and you are buying a manager that puts your money where you want it. In dividend paying stocks.
Like me you won't regret it. I retired at 53 and am enjoying the fruits.
Don't buy at the top. Don't sell at the bottom.
Slow and steady wins the race.
Neither a borrower nor lender be.
You can become more aggressive as you learn and become more adept.
You go girl.
Q: What is the best way to invest my first 1000 saved dollars?
I have recently started a job. I don't earn that much but I know the power of saving and investing. So I try to do that.
I have many responsibilities, however, I have managed to raise 1000 USD and started to think how to invest that money wisely. Of course I'll keep working and saving money in order to increase my investment options.
A: If you're planning for the long term and won't need the money soon, mutual funds are a good way to start. There are lots of respectable companies that sell them and will set up an account for you: Fidelity is the biggest, but Vanguard and many others as well. Many experts recommend a stock index fund, like an S&P 500 index fund.
You can trade stocks yourself if you've got the nerve, but mutual give you a small share in many stocks so your risk is lower than being in one single stock. Since this is your first thousand, you may not want to take that kind of risk.
If you think you may need the money soon, put it in a short-term CD or a high interest rate savings account. Shop around for rates-- you can get 5% or more in a regular savings account if you look. Capital One, ING Direct, and World Savings are examples of companies that usually have good rates.
Q: Where would you invest $1000 for the best return in 1 year?
I am looking for different and creative ideas to consider. Not just the savings account, CD, stock, mutual fund, or hooker answer.
A: I believe China will have a great bull market over the next 10-20 years, so I would consider some type of investment in China, but with capital limited to only $1000 perhaps the best way to play China is a fund such as the Templeton Dragon Fund (TDF).
Q: What is the best way to invest $1000 for my 7 month old son's future?
I don't want to be penalized if he chooses not to go to college, and I would like a safe, yet decent yield...
A: So far the advice you've recived is poor. But that's what you get for looking to strangers whose qualifications and motives can never be known.
I'd suggest some investments.... but you don't know me & I don't know you... But consider this;
If your son's future means 15 or more years from now putting the money in a bank will not get the money to beat inflation. So, in effect he'll have less money in 15 years.
This is the best time for him to take a caculated risk. He can beat inflation and have some "real" money in the future.
The best way is to buy a well diversified stock mutual fund.
Some good fund families include;
T Rowe Price
Vanguard
Fidelity
There are many others. These fund companies have "no-load".... which means no sales commision to a sales rep.
Read. Read. Read. There is a book to start with;
Mutual Fund Investing For Dummies (title is not ment to be insulting).
Good luck!
Q: What is a good penny stock to invest about $1000.00 in?
I am very new to investing and I would like to know what a good penny stock to invest in? I got a tip that IBC.IQ would be a good one to invest in but it looks very unstable. I have $1000.00 to get started.
A: GEELY AUTOMOBILE HLD (GELYF.PK)
CHINA WATER AFFAIR (CWAFF.PK)
CHINA POWER INTL (CPWIF.PK)
GREAT WALL MOTOR COM (GWLLF.PK)
DENWAY MOTORS LTD (DENMF.PK)
Q: which is the best fund to invest as a systematic investment plan to 1000 rupees per month in india?
i want to know which is the best fund in which i should invest rs 1000 every month. can u suggest me ????
A: Reliance Growth, Reliance Vision & SBI Megnum are good funds
Q: What stock to invest $1000 for short term then sell?
Bidu? Vtiv?
A: i like bidu @ this price (238) i think it'll be back 260+ in acouple days .......i buy & sell for short term gains also
i bought 10 shares @ $240
i like CROX especially since itz down 2day.....
i bought 260 shares @ $27
&i like PCCC @ under 9.70
this is good for more experienced day & swing traders
Q: If you could start investing $1000 per month right now, what would you invest in?
All mature opinions welcome.
A: Keep your day job.
I would keep buying income ETF's off the stock market. The more I buy, the more I'm building a second income from them. Okay, so it's not a get rich quick scheme. At least these are listed on the New York Stock Exchange so it's genuine.
Recommended Exchange Traded Funds:
DPO - Dow 30 Enhanced ETF
IIA - ING Clarian Real Estate Income ETF
SDY - SPDR S&P Dividend ETF
SGL - Strategic Global Income ETF
If you're considering this option, take the time to learn 'dollar cost averaging' first. Reinvesting the income can create compound growth.
Q: How much of a pension could I expect if I invest £1000 or £2000 per month?
I am 45, have a current civil service pension for 20+ years which I am looking to supplement
A: Assuming you retire at 60, if you invest £2000 pm in a tax efficient pension scheme, and using the government targets for growth and inflation rates, your fund will become £654,992. If you then buy an annuity escalating at 2.5%pa,would give you an initial income of £31,435 pa.
This, plus your present pension, should enable you to live like a prince.
Now you will have all the girls on this website, seeking quick richness, running after you. Be careful, most of them are not as beautiful as their avatars.
Q: How would you invest 1000 dollars?
I know it's a small amount of money and that's why I'm asking. It's a small bonus I just got, but I don't want to just spend it like I usually do. I have investments, but I don't know of any that I can buy with 1000 dollars.
A: If you have any debts, it could help pay those down far more quickly. $1000.00 paid today can save thousands in compound interest later.
An IRA could be good. Depending on the type, you could get a tax break this year or earn tax-free interest.
If you do not hav earn emergency fund of 3 to 6 month's salary saved up, that is also a good idea. I recently spent 8 months laid off. Trust me, you want that emergency fund. It can mean the difference in ending up homeless and being able to survive until you find a new job.
Q: What or How would you invest 1000 dollars?
IRA? Stocks? Bonds?
Where's the best place to put it?
A: i would put it in a safe cd.
Q: If I have an extra $1000 a month, is it better to pay down my mortgage or invest in index funds?
My home loan is at 6.5%, but paying an extra thousand a month will cut about 15 years off of my loan. However, I also realize I stand to gain a lot of compound interest investing that $1000 every month by just putting it into an index fund. The thing that has me wondering is if I pay down my home loan that much quicker, than I have that much more to invest from that point on.
Which is perceived to be the smarter plan and why?
A: The absolute smartest thing is to invest the money in a well diversified portfolio of stocks and bonds...probably easiest through mutual funds...with a good portfolio you can reasonably expect around 9-10% return over the long term (and this is probably pretty Conservative). That alone makes it a better choice then paying down a debt at 6.5%; however, when you factor in that you can deduct your home interest on your income taxes that lowers the effective interest rate even more. I've gone through the math with many clients and it is almost always a better option to save now and let your money grow and use the power of compounding interest.
With all that being said though if it would make you feel better to pay off the mortgage early you have to take that into account as well....Life is not simply about numbers....peace of mind and such has to be taken into account as well...a good compromise might be to save $500 and pay an extra $500 toward the mortgage.
Q: I am a 21 year old colledge student that plans to get whealty what is the best way to invest 1000 dollars?
i am working at ihop and i feel i am not making enough money to be financially secure in the future.what stocks and mutual funds will be helpful to look into?
A: You are not going to like my answer very well, but here we go.
1) Finish your college degree, then learn, learn, and learn, never quit reading and learning. Turn off the TV, the Gameboy, X-Box, etc. Start learning.
2) Read the book "Millionaire Next Door" and follow it.
3) Learn to speak and write intelligently - without misspellings and "ya know" or "ah" practice, practice, practice. Put yourself in places where you have to communicate. Go ahead and fail, but learn from it.
4) If you are receiving any payments from your parents, cut them off! Make yourself hungry so you have more incentive to work hard plus work smart. Once you are successful, mature and happy with your life, you can take payments from your parents, but then you won’t want them or need them.
5) Build a "spending plan" and follow it. To do this read Dave Ramsey's "Total Money Makeover."
6) Two rules in one: Give to others and Pay yourself first. Find a worthy cause, charity or church that fits your beliefs give to it; plus, put money in a Roth IRA and savings. Do these first before you spend on yourself or pay bills. This is number one on the spending plan.
7) Start and contribute a $1000 in a Roth IRA (actually put all you are allowed, if you earn $4,000 per year or more you can contribute up to $4,000 per year). Do this every year?
8) Initially put all of your contribution in T Rowe Price's Capital Appreciation Fund. I am not a salesman for T. Rowe Price; it is just a good fund. Later you can branch into other investments, but for the first 5 to 10 years stay with T Rowe Price. Then as you do number 9) and have gained knowledge, you can do more.
9) Study and Read about personal finance - don't rush into anything do it steady and regular - Good basic information at Smartmoney.com, Yahoo Finance, MSN Money, Fidelity.com, etc. Check everything out with multiple sources. Read the sources below.
10) Get involved in your church, your community, your school, etc. -- Build your network of friends, become a true friend, helping others and giving more than you receive. Think about what you can do for others, not vice versa. Read Zig Ziglar's books to understand this better.
If you do this and follow what you learn through this experience, you can be wealthy beyond your imagination. Always remember that wealth is the end product of a successful life. A successful life comes from more than just a successful financial life. In fact a truly successful life, will mean that finances are secondary, but they will come.
Go do it!
These are just a few of the books that I have studied:
Blue, Ron, The New Master of Your Money, Moody Publishers, Chicago, 2004
Kiyisajki, Robert and Lechter, Sharon L., Rich Dad Poor Dad, Warner Business Books, New York, 2000
Pryor, Austin, The Sound Mind Investing Handbook, Sound Mind Investing, Louisville Ky, 2004
Quinn, Jane Bryant, Making the Most of Your Money, Revised Ed. Simon & Schuster, New York, 1997.
Schwab, Charles, Charles Schwab’s Guide to Financial Independence, Three River Press, New York, 2000
Stanley, Thomas J and Danko, William D, The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, MJF Books, New York City, 1996.
Tyson, Eric, Personal Finance for Dummies, 3rd Ed. IDG Books, Foster City CA, 2000