What to do with 600 dollars?

Question

I have 600 dollars sitting in my safe. I was wondering what i should do with it. Should I put in a bank account? Invest in a stock?

Answer 1

give it to me, email me for my address

Answer 2

Do not spend it.

you can buy some stocks , but  do not buy penny stocks, junk stocks, or under $5  stocks.

try to buy health care stocks like PFE,..JNJ.

OR  YOU COULD USED IT TO FIX YOUR CAR,HOME, SAFE IT TO BUILT A GOOD DOWN PAYMENT FOR SMALL COND,OR HOME,

Answer 3

If you are afraid of risk, then put it in a bank account.  However, if you are looking for higher returns, you should invest in the stock market.

I would recommend investing in the stock market.  In order to do so, you will need to pick an online discount brokerage.  Most big name brokers have minimum account deposits.  For example, ETrade requires its customers to deposit at least $1,000 when they open an account.  However, $600 is more than enough to get started with.

I currently use Firstrade ( http://www.firstrade.com/ ).  They do not have any account minimums so you can start investing with as little as you want.  That way, you don't have to risk too much when you invest for your first time.  Their commission rates are relatively cheap and their service is great.  I would definitely recommend you to check them out.  However, I would not recommend that you use Zecco because their website is not friendly and definitely not for beginners.  In addition, you must deposit at least $2,500 to get the 10 free trades per month.

Answer 4

A bank account is better than sitting in a safe letting inflation devalue it.