I have $5000, what should i invest it in???

Question

I would love to make some quick money with it but I know that it takes a lot of money to do that,... so i was thinking about opening an account with etrade or something of that nature. What do you think?

Answer 1

The most important part of understanding investing is you cannot make some quick cash and come out. You tend to make some money but unless you make a loss you will never come out of it and so I would suggest you to do some systematic and good investment rather than going for some quick bucks.

Answer 2

Every fund manager, veteran trader, or financial adviser will ask you if  you have a plan.

So, first you must have an investment plan.

But as I see, the amount isn't a huge one. Forex trading can a solution in this case as it doesn't require big initial capital. However, you should learn how to trade.

Good luck!