Where to invest $1500?

Question

I have $1500 in CHK and a british company. I invest about $100 a month.

By july of 2010, I would like to have $6000 for a car. (That might too high of a goal).

Where should I put that $1500 and the $100 a month following it?

I considered a gold ETF, a few stocks, or SPY (S&P 500 ETF).

I'd like to have 5 stocks, but I'm only 14 so I might s***w up on my stock choices. Also, commissions would get high in comparison to a $1500 account.

Answer 1

Converting $1500 into $6000 in a couple of years is a tall order.

For longer term investing I would recommend Vanguard STAR mutual fund.

http://quicktake.morningstar.com/FundNet...

Answer 2

i recommend you to try overnightincome investment.

Answer 3

I do not know where you live but ..... I invest in a Canadian stock that pays ( and has been paying regularly for the past 15 years ) 0.49 cts a share every month -  Obviously they did not pay 0.49 cts fifteen years ago - Price varies a couple of dollars up or down but for the most part is stable - Check out Canadian Trusts. You will be surpised at what you can find. Caution: Make sure that company you chose has been around for a few years !