I have an extra $1000.00 how should I invest?

Question

If you mention a stock, please be specific as to which ones. Please be serious and no stupid answers to get "points" like the first poster to this question --

Answer 1

2 things I would do before investing:

If you have credit card bills, I'd say use it to pay them off. Or you can just keep it in a savings as an emergency fund.

The stock market isn't that great right now, even though the last 2 days have gotten better.

Answer 2

You should park it in a 30 day CD at a bank until you decide what you really want to invest in. That way it is drawing a little immediate interest (not much, I know) and it isn't tied up for more than 30 days at a time. It is as safe as things can get. Then when you decide what more risky thing you want to invest in you can pull it out and do that.

Answer 3

Yes you should. But make sure to request the expertise of someone who knows a bit about investing. Or else just keep it in a svaing account for now untill the stock market stabilize

Answer 4

buy yourself whatever you have wanted recently

Answer 5

I would gather a additional $1000 at least before investing in a stock. Hard to make money in stocks with only $1000.

I don't like any stocks that I would long right now. I have been watch the market almost 24/7 since mid last year and I have seen people get burnt badly. The only people up YTD are people who short financials and brought certain energy stocks. I have seen people bottom fish, the stocks goes up a bit and then it just ends up making a new low days after.

I also wouldn't short a stock unless you are will to watch it throughout a trading day.

Stocks I'm planning to buy in the future:

Morgan Stanley (MS) - JP Morgan (JPM) - HSBC (HBC) Wouldn't touch now. But you can make a lot of money off these stock if you buy at the right time.

VF Corp. (VFC) - Johnson & Johnson (JNJ) - Con Ed (ED) - General Electric (GE)

Great overall stocks. Pretty safe. Great dividend.

Answer 6

in stocks, i hear Nvidea, the computer company is really good. but dont take my word for it