What can I invest in with $500 - $1000?

Question

I have earned just over $1000 and I'm willing to invest this money into something.

I thought about shares, but I looked it up and I'm not old enough to buy and sell shares yet. You need to be over 18.

What else can I invest in?

Is there some other way I can invest in something to earn more money in return?

Answer 1

Invest in ETF's:  ETFs have a lower turnover than most mutual funds. As ETFs do not require active management and hold nearly a steady stream of stocks, there is hardly any portfolio turnover. On the other hand, many actively managed mutual funds churn their portfolio many times throughout the year, leading to recurring transaction fees on every purchase and sale.

ETFs have higher tax-efficiency than mutual funds. As against this, actively managed mutual funds, carry taxable short-term gains and distributions to shareholders. ETFs make you liable for taxable capital gains while selling. Moreover, the legal structure of ETFs provides for higher tax-efficiency as compared to the passively managed index mutual funds.

http://debts-to-wealth.com/category/Why-...

Answer 2

prosper.com is pretty cool but like anything else risky you loan money to real people and get a payment once a month with interest let them explain but check it out

Answer 3

talk to your parents, maybe you can give them money, and they can invest for you. how old are you? maybe just put it in a savings account, and wait until you are 18 to invest it. although its good, and i like to see young investors, it may just be too difficult to do it before you turn 18. ask your parents to cosign on a bank account with you. bankofamerica has a risk free cd offer where there is no penalty for withdrawing early, and i think you can lock in at like a 2.75% rate for the first 4 months.

Answer 4

Put your money in a money market account at a bank or invest in a growth or growing & income mutual fund. Your parents can be on the account with you.

Do not put money in www.prosper.com. Wait until you accumulate some basic assets before putting money in very risky investments.

Answer 5

gold or silver

you can buy gold online just google it

anyone can buy it

Answer 6

I vote Forex trading.

If you're interested here are reviews of the top 3 selling Forex trading systems: http://forex-tracer.the-perfect-solution...

Be educated before spending!

Answer 7

Tell your parents to invest in CHK