What is the best investment for 1,000?

Question

I am sixteen years old and I am wondering what is the best investments for 1,000 dollars? I am willing to risk to a certain degree but I wanted to know what I could do with this money to earn the most out of it. Give me your answers, more than one is better. If your answer is stocks give me some examples of good stocks. Thank you for you time.

-Ryan

Answer 1

buy stock:  you are young and can afford to bear more risk than an older person saving for retirement.

Best stock to pick:  Apple Inc. (ticker is AAPL)

Stock is on a recent pullback and is only being held back by macroeconomic conditions.

Buy it now and hold it for one year minimum and you will double your money.  Hold it for 3-4 years and I think you will quadrouple it.

Why the stock is good:  its year over year gain in the personal computer market share is astounding and dwarfing that of its competitors.  Microsoft vista sucks and everyone knows it, so people are switching over to Mac's more and more.  Also, Apple is lowering the prices of its products this fall in an effort to get even more market share in a short period of time.  Nobody can match the ease of use and design of its products, and for that reason, people are willing to pay more for them.  Even in weak macro conditions, the typical apple consumer is not affected so much as the average joe, so there is a safety net right there, limiting the down-side risk of the stock.

Answer 2

i think you can try overnight income investment. it more simple, workable, profitable and  no risk investment.actually your money can work for you even while you sleep, and you can get your first overnight income.

Answer 3

I'd be leery of any specific stock suggestions. You can't just take someone else's opinion about a stock.

Time horizon is very important.

If you are willing to hold on to your stock for essentially the rest of your life, I'd go with a broad market etf such as spy, or even SSO, which is like SPY only an enhanced version of it. (It is designed to do what 2 X's the S&P does, but although it could do two times the SP on the upside, the downside movelment is also 2 times.) You could use the QQQQ for Nasdaq.

My personal opinion is that the bear market has yet to run and there's no hurry to plunge into the market.

The best advice is for you to learn about the market.

Answer 4

Amazon shares...when it goes back down to 50 dollars

Answer 5

Id reccomend staying away from the stock market on that one. You could put it in a high-interest account like a CD or something. If you dont want to touch the money for a while, this is probably your best option.

Answer 6

Stocks can be risky business in the current market.  If you want a less riskier alternative, I suggest that you invest in ETFs.  ETFs track an index.  For example, SPY tracks the S&P 500 and QQQQ tracks the Nasdaq-100.  ETFs are more cost efficient than mutual funds and are less risky than stocks because of their diversification.

Nevertheless, in order to invest, you will need to create a brokerage account.  If you want to save money, I would suggest creating an account with an online discount broker.  I currently use Firstrade ( http://www.firstrade.com/ ) and I'm very happy with them.  I would definitely recommend you check them out.

Answer 7

street legal dirt bike (used)  if gas prices rise, they become worth more and more since they get great gas mileage.  plus you can't frown on a dirtbike

Answer 8

1 year saving's bond...med risk

Answer 9

Learn how to trade foreign exchange.

- Go to http://fxtrade.oanda.com and open a demo trading account.

- buy and sell the EURUSD until you can define for yourself when to trade and when not to trade. This will be your trading method.

- Continue trading such that you will fine tune your trading method some more.

- When you can trade that method and show profits three months in a row, open a live trading account with only $10.

- Again, trade that $10 account to fine tune your trading method some more.-

- When you can trade and show profits three months in a row, add more funds to your account.

Good luck!

- jim http://jsforex.blogspot.com