What is the best way to invest about $300 besides buying stock, that's easy..!?!?!?!?

I have about $300 and i would like to invest it wisely and I was thinking about a CD or maybe a trust fund, but any simple ideas would be great. I am looking to further my money so i can put it away for my college fund. Any ideas would be great!

If you want to put the money towards college, you should invest it directly in a 529 plan. Depending on the plan administrator, they will provide you with a variety of mutual funds (both equity or fixed income) and your investment returns grow tax free if you withdraw money to spend towards college.

What you invest in should depend on your time horizon (how many years between now and when you need to withdraw the money). If you have 10 years or so, you should take on more risk (equity funds) to maximize growth. If you have 5 years or less, put most of it in money market or bond funds. If you are somewhere in between, you can split it or buy an age-based fund that will reallocate your investment mix as you get closer to the withdrawl period.

Check this website for more info: http://www.sec.gov/investor/pubs/intro52...

CDs or money market accounts would be the best idea since they are quite safe. I wouldn't lock into a very long CD since rates are always changing and it is possible that they could go up and you would be losing out on some interest.

cd isn't bad if you don't touch it for a while but for $250 you can get a nice American Capital mutual fund. (about 5 shares pending on the price) But if this is your only iunvestment then you would be better off putting in an online bank account.

CD's don't have the best rate of return but they are safe. If you dont plan on adding anything else to it, i would say put it in a high interest online savings account. they average 5% and are a safe choice. I havent seen very many cds offer that rate for the amount of money you want to invest. if you plan on adding more, a mutual fund would be a nice choice, although the market has been doing some correction lately, so its not the safest choice. online saving account is the safest place for that amount of money.

I personally won't even bother saving up $300 unless you're consistently bringing that kind of money into your savings each month, which would make $3.6k a year. If you are willing to take risks, I'd recommend something with extremely high risk-reward ratio. Either Forex or options. Otherwise, you can either put it in a savings account or just spend it.

If you are going to need the money within about 3 years, the best place is a high interest bank deposit or bond.
If between 3 and 5 years, choose a mutual fund tracking the S&P500
If between 5 and 10years, choose a fund tracking Asia or the emerging markets.
Good luck.

Invest in Mutual Fund: As the mutual funds are designed by investment companies to buy shares in different stocks and other securities, the mutual fund investor along with their ownership of shares of the mutual fund, have a restricted claim to ownership on few of the securities held by the mutual fund. Besides mutual funds provide the dual advantages of diversification and professional money management services to manage the money invested in the fund.

http://debts-to-wealth.com/category/Guid...

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