I won 4K (4 thousand dollars during the casino, i’m frightened to outlay it, i kno i will rubbish it upon automobile tools or food or a little costly clothing…
ANy approach I can deposit (AND I DONT MEAN PUT IT INTHE BAK AND WATCH IT)
kscottmcafee
I won it upon container machine!!
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Day trading is fun if you know that.
It would also make a good initial investment on a small rental property!
put it an an IRA or mutual fund. go to your bank and discuss it with them. dont blow it, youll lose it day trading. make your money work for you. put it in an ira or mutual fund for the long term and youll see a good return.
i know its not what you want to hear, but youll probably make more at a casino again with your 4k then if you day traded unless you really know what you are doing, which i doubt you do
As much as you don’t like the bank…some might belong there. Take a look at various mutual funds…think about what sort of areas YOU think are growing in the US and in the world right now. Think China and other countries in Asia will be growing quickly over the next 5 to 10 years? Maybe put 1000 or 1500 in an Asian fund. Think telecom will be important? Put some in a telecom fund. Health care? Same thing. But I would also recommend putting a little in the bank…it’ll give you a little cushion and might help pay down any credit cards or car loans you might have outstanding….
The Cd’s I was talking about earlier,are not bad in a bank. Let me tell you why a new bank just needs money so they are willing to give you up to 8.5% on your money. You r not going to get rich ,but there is no risk,they also will give you a one time withdrawal without a penalty. so it just something to think about, also I’d love to see the person that said they made some crazy figure at a 50 mile per hour investment. Maybe at putting 5,000,000.00dollar investment. without inside info you can’t do it unless it’s your own Business.
One of the best investments you can make is to pay off some of your credit card debt. If you have no debt, consider putting the money in an IRA, either a simple IRA or a Roth IRA. Try a well diversified mutual fund at Vanguard.com, possibly the Windsor Fund of the Total Stock Market Index Fund. Stocks average about 10% a year over the long run, but have gut wrenching drops.
You’ll lose it day trading. I wouldn’t invest in real estate unless you read up a lot on what it means to be a landlord.
with only $4000, i would look into options trading because you can hedge your position and risk less capital, as opposed to stocks where there is no hedge. good places to open an account with $4000 – optionsxpress.com, interactivebrokers.com. Good places to learn options chartbender.com
i would put it al mutual funds
If you like to gamble, you should try options. Big possible gains, big possible losses. Make sure to give yourself enough time.
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