Whats the best way to invest bout 1000 dollars?

Question

i need to invest about 1000 dollars, but i dont know how and where, besides going to vegas and gamble or buying a bunch of 1000 worth of lottery tickets...

Answer 1

HOW : Log on to a " broker's " site..... Scottrade...E*trade...

fill out an application for a brokerage account... then send a check...in a couple of days you will have an account that you can " trade" in...trade just means to buy or sell a stock, a mutual fund or an exchange- traded fund ( ETF)

WHERE: When you log on to your new account, you will have a " portfolio...click on that tab.... all your money should be there in " cash"

...so now it's up to you to figure out WHAT to " INVEST" in...

...just a suggestion.... start slow..read a little on ETF's ( I think that's your best starting point)...and then you click on " trade"..and " buy" a few ( 10, 15, or 25) of something like XME ( invested in metals/ mining)...or MOO ( invested in agricultural products) ..or EEB ( invested in Brazil, Russia, India and China)...

...then you log in...every couple of days, or every ten minutes if you want, and watch and see how your investment is doing... YOU are now an investor...if you start making money ...maybe you can sell off a little and buy a little of something different...or if you lose money, maybe you get OUT and into something different...

That's about all there is to it...( except for the headaches )

Answer 2

for gods sake....dont buy lotto tickets... if your looking for somthing small to just gain a little money without much risk look for a low risk company somthing that has a sure chance of doing good, if your just wanting to have the chance to win it big invest it in a high risk company.