What would some good (low capital, low risk) investments be for a 20 year old college student?

Question

I've not got a lot of money. But I do have a bit of a 4 figure amount that doesn't ever get touched toward the bottom of the savings account. Obviously this isn't nearly enough to bother with a stock market or anything like that, but what are some good ways of at least clearing the interest rate I'm getting on my money in a savings account? I really don't know ANYTHING about this sort of thing but it seems like a waste of time not to be bothering since it's totally inert now... I've been suggested CD's and Mutual Funds though I don't know the difference really, I'd rather seem like an idiot here and then be smarter for the banker than be an idiot to someone in person ;)... uh... Any ideas or sites that make this simple to understand? Thanks a lot! (Hope to be more of a serious player with more capital someday heh)!

Answer 1

This "INVESTMENT GUIDE" is more helpful for you to make your money to make money for you,without taking any risk.

To gain more information ABOUT GOOD INVESTMENT FOR A STUDENT,just gothrough the site

http://www.savings4future.com .........

GOOD LUCK

Answer 2

put it in a mutual fund.  go to americanfunds.com or vanguard.com which have great low cost funds.  you should definately learn a little about what you are doing, especially between a cd and a mutual fund, big big difference.  yahoo finance has some great basic education.  the most important thing to think about is your time line with the money.  if you need it within a couple years, dont invest it, put it in a high interest savings account or cd (certificate of deposit) with a bank.

Answer 3

an IRA

Answer 4

Research personal finance. The best thing that I have done (25 set 3 houses) is real estate. Go into renting or buying a pre-foreclosed home fixing it up and selling it. You can also go to a bank and get a list of their homes that have foreclosed that they need off their list...  Do more than a savings account. Because you need to remember that the dollar increases about 5% your savings account isn't getting close to that percent.

Answer 5

Invest in diversyfied Mutual fund. like  ICICI prudencial dynamic plan.  reliance groth or same if you want more knoledge. contact my mail id  [e-mail]

Answer 6

Invest it into a Roth IRA you will not go wrong. But if your looking for a short term investment contact ING DIRECT for good information.

Answer 7

put it into an insured CD with an FDIC insured bank...mutual funds wont be doing good in the near future and you may lose your original investment since they are not insured....and Real Estate isnt that simple these days with low rents, high taxes and too much unsold inventory

Answer 8

At least consider stocks.  Buy and hold.  Stick with companies that you understand.  Open a low cost on-line brokerage account.  Read the company's 10K (or 20F) annual filing with the SEC.

Or...read the summarized version at http://secnotes.talkspot.com