Where should i invest 4,000 dollars i have save?

Question

can some one real smart tell me a good idea. i was thinking stock market but i am not sure in which one. or should i continue saving i am only 20 yrs old.

Answer 1

If this is all of your current savings, then you should either put it in a Money Market Fund (eg Vanguard Prime MMF) or a high yielding bank saving account (eg ING Orange account).  While you want a reasonable return on your money, you also want to be safe.  Either of these options will give you a 3% return and the return will increase if rates go up.  Neither will lock your money up or penalize you for withdrawals.  If this is all you have stocks and commodities are too risky right now.   When you get a few more thousand $s, you can start investing in a balanced mutual fund (eg Dodge & Cox Balanced).  You work hard for your money, be careful with it.  Meanwhile start educating yourself on mutual funds.

Answer 2

If I were you, I will use 4k to trade option. Option can have better return in short term. You can make 30% of return in just few days. Since 4k is not a lot of money, the second choice is Mutual fund which is low risk.

Answer 3

Be safe in this lousy economy. Go with the highest yield CD.

Trustworthy, insured and you won't lose a penny. Keep rolling it over. Look for banks advertising rates over 3 or 4%.

Answer 4

You could give it to me and I will disperse it as I see fit. Not really. Invest in gold,silver or some type of long term Cd's. You have Internet access(obviously), check your options by googling INVESTMENTS.

Answer 5

If you have the risk tolerance, any natural gas stock. It's a commodity that is going to cost more and more money. Therefore the stocks will be able to leverage that in their earnings. It's also not as politically prone to ups and downs as oil is. Some examples: SWN, CHK

Answer 6

The first answer'er says gold... I DONT THINK SO FOR GOLD HAS FALLEN and is continuing its decline..... As Nancy Pollosi and her lib friends are not doing anything and sitting on their hands EVERYTHING IS GOING their way down, down, down..... They want to push us into socialism....

Answer 7

I'm pretty conservative about money so I would put it in a CD for the next year and then save some more over the next year and add what you saved to the CD when it comes time to roll it over. You can get a CD that will give you 3 to 4 % return. That's not a whole lot of money but it will make some and it will not decrease like it can with the stock market. Just keep rolling it over year after year and add to it each year. That's what I would do.

Answer 8

You should never take anyone's word when it comes to your money. It is imperative that you do your own research. With four thousand dollars at your age most people will recommend some sort of mutual fund. That being said, I am a year older than you with roughly the same amount of money to invest and I have decided to play China's move towards "green" living. Their government is finally backing it and many companies stand to benefit from it. Two companies I am investing in are Sinoenergy (SNEN.ob) which is a natural gas company and Sancon Resources Recovery (SRRY.ob) which is an industrial waste company. Hope this helps.