How would you invest $1000?

Question

How would you invest $1000?

Answer 1

Scotttrade.com

I heard that a good place to invest money but i never tried it myself.

Answer 2

Shares.. Either that or deposit it directly into my account..

Answer 3

I am youngish, 39 years old, I have a job, make pretty good money and have about $100,000 already safely invested in a portfolio of stocks that I like. So, I would play with $1000 dollars and buy some FRE ( Freddie Mac) or some long calls on the Dow, because I think long term the dow is gonna go back over 13,000. If your circumstances are not the same as mine then you shouldn't be invest the way I am.

Answer 4

Gold or Silver.  The physical asset. We are in bear territory for stocks and trying to pick a bottom is tough.  If inflation continues to skyrocket and the dollar continues to tank, putting you money in the bank is a losing proposition. The pace of inflation will far outstrip the paltry interest rate you will receive in a bank and therefore, you will actually lose spending power by keeping your money in a bank. Gold and Silver provide a hedge against inflation and as the dollar sinks you will see real returns on you investment.

A CD is a losing proposition.  Inflation is at 5.5% and if you are lucky, maybe you can get a 1 year CD that pays close to 4% (and that's pretty rare, most are paying @ 2%).

Congratulations! One year after not being able to access that money you now have $1040 tops, before taxes!

If holding gold or silver in it's physical form isn't your cup, look into DGP which is a double long gold ETN.  It tracks gold futures and returns 2x any increase in gold.  It's up .70 today as of 12:15.  Your $1000 could have bought you 40 shares and today alone you could have made $28.  Or you could wait a year for that CD to come due. JMHO

Answer 5

why would you want to invest only 1000 dollars, i blow that out in an hour

Answer 6

Pay off my credit cards, that are all "charging me interest.

That would take that $1,000.00 dollars anyway. <}:-})

Answer 7

i wouldnt put them in stock right now, id try mutual funds.  in order to make money you have to stay in something for a while through the good and bad.  just leave the money there. also i heard gold is a good investment right now.

Answer 8

First off there are a lot of really bad answers here.  What you would pay in fees for investing would burn up everything that you would make.  

Tradeking only charges $5 a trade.  To buy and then sell means $10.  Well if you make 5% which is a decent return.  You are actually in the hole $5.  From my experience in banking as someone with two retirement accts and as a day trader you need about $2500 to $3000 before stocks become worth it.  

With $1000.  Put it in a CD at a bank.  Sit on it until you add to it and then play the market.

Answer 9

That's not a lot to invest. I would put it in an bank savings account and let the bank build it up with interest.

Answer 10

If you have no credit card debt and want to buy a stock I'd get GE.  Its near a 52 wek low and its like a mutual fund.  Good dividend (reinvest) for a buy and hold investment

Answer 11

a painting

Answer 12

I would ask a GOOD discount brokerage firm, such as Charles Schwab to do it for me,

giving the broker my goal, my restraints.

Answer 13

I'd let it sit in the bank. I'd be too afraid to lose it any other way.

Answer 14

Open an annunity.

Answer 15

Buy stocks and shares.