If we will be adding to this volume monthly as well as proceed with $2,500. Also need the choice to supplement one more income monthly.
- Should I invest all my money in financial sector if I wanna maximize my profit? I can wait for 2-3 years.? (7)
- What is the best way for me to invest money for short term profits? (5)
- I have $1,000,000 to invest for my finance class (fake money) what would be the best way to maximize profit? (5)
- what’s the best way to invest my money for a profit? (4)
- What is the best stock to invest money in and earn some profit on it? (8)
- if you had 3k to invest short term what would be your best investment? (7)
- Whats the best way to invest my money in 2011 to make profit legally? (7)
- What would be the best thing to invest in over a short period of time (2 years), that isn’t too risky? (6)
- What is the best way to invest money- 100k$, long terms from 5-7 years? (3)
- Whats the best way to invest 20K and get nice profit back say in less than 3 years? (6)
- I would like to invest some money in stock. What company would be the best ? I expect 20% profit? (13)
- i want to invest some money to hopefully make a good profit i have 8000 to invest what are my best options? x? (12)
- What are 3 good stocks to invest $100,000 USD all in at once for a short period term with the most profit.? (4)
- where should i invest 1000 dollars to make a decent short term profit.? (0)
- What’s the best way to invest to get a good return on profit within three to five years? (6)
- If a non profit corp wants to invest $5k, who has the best savings or money mkt acct.or is there a better way? (5)
- What’s the best company to invest a small amount of money into and have a decent profit in 6months or a year? (4)
- How would you invest $5000 in stocks? short term – 2 years? (5)
- looking for a good short term profit. where should i invest? (2)
- I have $50 to spend whats the safest and best way i can invest in something and get a profit with my cash? (4)
Tagged as: best, Invest, Maximize, Money, profit, Save, short, term, years
{ 4 comments… read them below or add one }
When you are talking such a short term, most investments carry a great deal of risk. There are many random events that can effect investments over that period of time. The fact that you wish to add to it monthly also precludes certain investments. You did not mention the amount of risk you are willing to take. That is an important consideration. If your risk is extremely low, you should invest in a money market fund. Among the higher yield of these and the higher risk are loan participation funds. FFRHX is one. It has a $2,500 minimum investment and additions of $250. Current yield is a little over 6%.
Of a somewhat more risky nature but still of only moderate risk is a fund such as FSDIX. It has returned about 13% annually during the last 3 years. It has the same minimums as the previous fund.
Both can be purchased from Fidelity by visiting their web site.
http://personal.fidelity.com/products/funds/mfl_frame.shtml?316145887
Of more risk and also potentially greater return is PENNX. The fund has an annual return over the last 3 years of 15.8% but in 1990 did suffer a loss of 12% and in 2002 a loss of 9%. By mutual fund standards those losses were rather insignificant. Minimum initial investment is $2000 and subsequent investments are $50. You can purchase the fund through Royce Funds on the internet. Royce Funds also has other funds that are of similar quality. But there is the possibility of suffering a loss over such a short period of time.
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Congratulations on getting into saving and investing. Saving on a monthly basis is a great way to save for retirement. If you are investing a small amount each month, you might want to look at a no-transaction-fee mutual fund. Scottrade offers a whole bunch of them. A s&p 500 indexed fund is a good choice.
Money market fund.