LOOKING FOR A WAY TO INVEST MONEY AND MAKE PROFIT?

I have about the thousand dollars saved up as well as i am seeking to deposit it in to something which can hopefully have me some-more income with couple of to no risk. so if there have been any ideas it would be the greate help

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{ 4 comments }

wah hoo January 25, 2011 at 4:36 pm

I suggest importing gems from a gemcutter and then selling them at a profit here. I buy gems from a cutter in India and then resell them on Ebay. I make a reasonable profit on them.

Thin Kaboudit January 25, 2011 at 4:55 pm

Where to put it depends ENTIRELY on what it is for/when you need it, and what your “risk tolerance” is: if you want to use it in less than 2-3 years, you should put it in a high-yield savings account…if you don’t need it for anything specific, if you buy an aggresssive growth mutual fund and hold it, it will earn you 12-15% a year (long-term), and will be worth over a million dollars within 50 years. (The same $1,000 put in a “safe” will be worth….$1,000 in 50 years!)

The greatest risk with any money is to take no risk with it at all!

The Professor January 25, 2011 at 5:26 pm

A very, very low risk investment would be to put the money in a certificate of deposit at a commerical bank that is covered by FDIC insurance. Certificates of deposit pay various rates depending upon how long you invest the money for. Given the current interest rates, I would not recommend taking out a CD for longer than 12 months.

Frank Castle January 25, 2011 at 5:53 pm

Open a brokerage account at Zecco and invest in the ETF DDM.

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