Whats the best way to invest money? Small amounts from about 400-$1000?

Question

I want to start putting money away and getting a good investment off it. I already have 401k but that is more long term, I am thinking about $500 - $1000 a month, I was thinking about buying gold.

Answer 1

If you want to make a lot of money, you could learn to buy and sell stocks yourself. An individual investor that knows what they are doing has a massive advantage over institutional investors.

Did you know that with $1000, you could control up to $20,000 in stocks? If you pick the right one, you can make a lot of money fast.

I'm assuming that you're young, under 35, and have a good salary.

Mutual funds will make you rich over 20 years...trading can make you rich in 20 months.

If you want an investment that you can drip feed money into each month, gold and silver will do very well IMO over the next decade. If you are saving regularly, the current price doesn't matter too much.  

Cash based investments will do poorly with increasing global liquidity...which is a near certainty from here.

Check my source box for a free trading course.

Answer 2

Gold is at all-time highs. Don't invest too much into it as the potential for appreciation is quite low. Instead look at non-gold commodity investment and index mutual funds.

Answer 3

Mutual fund equity  sceems  is best option for investers camparing with other options

Answer 4

hello - mutual funds.  good saving!

Answer 5

ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% - 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read.

ETFs have a lower turnover than most mutual funds. As ETFs do not require active management and hold nearly a steady stream of stocks, there is hardly any portfolio turnover. On the other hand, many actively managed mutual funds churn their portfolio many times throughout the year, leading to recurring transaction fees on every purchase and sale.

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