What is the best way to invest a small amount of money?
401 etc, what do you invest in? What is the best way to invest? Any advice. I have an average job, not rich.
Asked By: ocean - 5/25/2006
Best Answer - Chosen by Asker
You can go to sharebuilder and put some in monthly. If you pick a company that is known to be stable and pay good dividends then you can reinvest the dividends, it becomes sort of like compound interest, where the interest starts earning interest... More
Answered By: Rabbit - 5/25/2006
Additional Answers (6)
Invest it in one of your 401k (no-load) mutual funds. If you are under 40 years old, select a growth fund.
Answered By: Puzzleman - 5/25/2006
Pick a diversified mutual fund that doesn't change a high expense ratio and try to make a contribution every month. I recommend Vanguard.
Answered By: nostrategyguy - 5/25/2006
Open a brokerage account and invest in the Stock Market with the help of a Financial Advisor. Top 3 Answerer in Business & Finance. (Vote for me)
Answered By: Frank Castle - 5/25/2006
spread that baby out. i took a killing. never place all your eggs in one basket
Answered By: BEDROOMBULLY2000 - 5/25/2006
A mutual fund or an ETF in a Roth IRA.
Answered By: gregory_dittman - 5/25/2006
The less you have to invest, the more important it is to first invest in your own investment education.
Answered By: Piet Strydom - 5/26/2006
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