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Advice about what to do with $1000?

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Advice about what to do with $1000?

Post by infinityexist on Mon Jul 12, 2010 4:35 am

Hello all:
I have a $1000 dollars and little bit more and I want an advice about how I can use it or invest it.

Please help me with ideas??


Thank you
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Re: Advice about what to do with $1000?

Post by trduraikamaraj on Mon Jul 12, 2010 7:15 am

subtract your age from 100

eg- my age is 30, (100-30= 70)

30= (secure/ low risk investing )- /bonds/corperates
70= (devide this in to 5 parts, there has to be ,low/high/ risk elements) bank deposit/gold/good mutual funds/stocks / realestate/) so on its big subject,

dont let ur money in one way , dont go for stock investing if u are a beginer,

invest little in good mutual fund,not in a one time,through sip (systamatic invest plan)( 5year track record of the fund manager must be monitered before invest in it )

invest systamatically in gold (safe haven) & (widly used for hedging)

so on , the money u earned should earn for u (work for u) if u invest in good things,
thanks
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Re: Advice about what to do with $1000?

Post by shadowstrike on Wed Jul 14, 2010 8:50 am

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best place as a begineer is put it in the bank for fixed term deposit, until you have tried and tested any advice to make extra cash. otherwise you risk losing it.
Shoot for the moon... For, even if you miss you'll land among the stars!
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Re: Advice about what to do with $1000?

Post by trduraikamaraj on Wed Jul 14, 2010 10:19 am

u can invest a little in gold ( min 1-gram ) every month systamatically for 3-5 yrs ,(like-RD-Requiring Deposit)

u dont need to analyse gold trends,keep on buying every month ,

gold itself safe, systamatic invest for 5 yrs is safest

it give a profit twice that of bank deposit. :D
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Re: Advice about what to do with $1000?

Post by TerryC on Thu Aug 05, 2010 12:33 pm

As Brian Tracy Says "the best way to invest your money is to improve your earning ability".

How could you improve your earning ability?

I hope that's useful to you ;)
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