Whats a good way to invest my stimulus check?

Question

i have the extra income to spare, i need to know a surefire way to invest the money. not necessarily for my retirement, im only 24. and have 401k. Any ideas will be helpful.

Answer 1

Start your own business.

Buy gold or change to a different currency.

Answer 2

Try sharebuilder.com or a mutual fund...(www.americancentury.com)

Answer 3

You need an emergency fund - cash on hand in case an emergency happens.  If you don't have one then you should use this stimulus cheack for that - put it in the bank and don't spend it.

If you have an energency fund then how about a Roth IRA.  Google it - its a good thing.

But I gotta think in this economic climate it might be good to put it in the bank in case something bad happens financially (like gas gos to $5, $6/gallon).

But look into that Roth - its never too early to think about retirement.

Answer 4

Maybe by Saving that Money for a Rainy day.

Or do what the money was meant for: either to pay off a debt or spend it by buying something from a store.

After all the stimulus check was meant to Boost the Economy.

& when you buy something from a store you're boosting the economy. Because the business is making more profit & decreasing the chances of the business laying off an employee.

Which means Less Unemployment.

Which means = a Better Economy.

Answer 5

Roth IRA - by the time you retire you won't know what to do with all the money you have accumulated. Time is money, especially with compounding interest. At 24 if you are a consistant saver you will be very wealthy by 65. The key is that once you put it into the roth IRA do not take any out until 65 - the earlier you withdraw money the worse the outcome.

Answer 6

give it to me??