Invest

I have 500 dollars.  With that, what would be a good thing to invest it in?


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115 thumbs up

First of all pay off your bills , specially a credit card debt because later you'll have to pay a higher interest. maybe

this site will give you some ideas but I would pay all my bills first and then would buy some junk and sell it on E-bay.

Posted 1 year ago ( permalink )
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48 thumbs up

I don't know if trying to sell stuff on ebay is the way to goMoney mouth. I think gabriwa's advice about paying your bills makes a lot of sense. If you have money left over, there are a number of ways you can invest your money , though 500 dollars aren't much to start with.

If you wanted to take a more risky road, you could try the stock market, though you should really find someone who knows something about this type of investment. You could also try more conservative investment plans such as bonds.

I suggest you go to  http://www.fool.com/investing.htm?ref=G02A02

This link will help you make some sense in the confusing world of investing. 


Posted 11 months ago ( permalink )
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14 thumbs up

I personaly think that you should invest it.  A perfect Company to invest in is The INDI Trading Company, i opened my account on the websit (www.indiplan.com) and i recive 2.5% interest every month guaranteed on compounded interest.  and you will get double your money back in a few months time, try it.


Posted 11 months ago ( permalink )
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36 thumbs up

I agree, that paying off any credit card debt would be the best thing to do and then you can consider investing. A great conservative investment would be a certificate of deposit (CD) at your local bank or credit union which would give you a guaranteed 4-5% interest. You can also consider no-load mutual funds of different types..at websites like trowe.price.com you can do some research and find funds you can invest in at as little as $50 a month or as much as you want more so its a good way to save incrementally. You do need to research the funds and see how much risk you want to take and what type of fund would be good for you. The best thing you can do for yourself is to really educate yourself on investment before putting down your hard earned money. Also check out money.cnn.com - the personal finance section for more information as well as motleyfool.com..read as much as you can and don't risk more than you can afford.


Posted 9 months ago ( permalink )
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2 thumbs up

Hey Matthew Avalon here, $500 is not a lot but there are some very good resources to look into... if you have ever considered getting your own website, here is the best place to start http://mtavalah712.weebly.com


Posted 8 months ago ( permalink )
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1 thumb up

certific of deposite a[cd] if you put it in a cd it can build intrest.


Posted 5 months ago ( permalink )
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