What can I invest my money in if I can only invest $240 a month. I don't do stock becouse I know nothing about

it. I want to get a pretty good return on my money I don't mind if it will take a couple of years.

I don't know what are your plans for saving this money. Is it for retirement or for some other long term goal? Or is it for some short term goal such as buying a home in the next 24 months?

If you need the money immediately or in the short term, check out some of the online savings accounts that earns a 5% interest (such as ING Direct, EmigrantDirect, or Citibank e-savings).

For long term goals, I would open a Roth IRA (if you qualify) and put your money into mutual funds. Mutual funds has a historic rate of return between 8-14% in the past 25 years.

I'd go Roth IRA or save up and buy some bonds if you're not thinking long term.

Try an on line bank. Most of their returns are way better then a traditional bank. LIke 4.2% and up.

Don't give up. Only 20% of the mutual funds out there beat the SP 500 over the long term. That means trained professionals are in the same fog as you are.

There is a couple of ways to do it. One is to invest in a mutual fund, especially one that tracks (called a tracker for obvious reasons) the SP 500 and put in your $240 a month.

Or you can save up (so the buy fee doesn't cut into your profits) and buy the ETFs SPY (tracks the SP 500) and or DIA (tracks the Dow Jones average) and put a stop loss on it (if the ETF takes a dive, the stop loss kicks in and sells to prevent further loss). You can't place a stop loss on a mutual fund and the buy and sell price is the closing price of that day.

Its only enough to buy food.. if you looking for extra money you follow this link :

http://www.agloco.com/r/BBBW1256

No joke.. go and register yourself

If your looking for a short term investment with high returns I wouldn't count on it. IRA's are more for long term investments Individual RETIREMENT Funds. If you withdraw on an IRA there are stiff fees. Unless its for like a medical, or for a first time home buyer and some others. If I was you I would go to your bank and ask if you could speak with someone about investments. Ask them about Ladder CDs which I thought was a pretty good idea.

Well, I would say invest in your Financial Education.
As you say, you know nothing about it. So your going to just take the advise of strangers and go with it? I think not.

Its always in your best interest to learn about what your doing before you put your money on the table. You will reduce your personal risks and increase your possible profits simply by understanding the process better.

Dont let "I dont know" be an answer. Just ask "What do I need to know?" and go from there.

say 401k , say it over and over, its the best investment you can make in your future

OK, does 300% return in 15 months excite you? I am talking from my personal experience here. I have started with USD12K in 30.8.2006 and from that time, they never miss to provide me with the monthly return as promised. They used the scale of 10%x3months + 15%x3months + 20%x3months + 25%x3months + 30%x3months.

The best part of it, they have started a new product called EMF that had a value of USD1 in December 2006 and now valued at USD2.11 per unit and expected to reach USD4 in April 2007.

See for yourself and experience this exciting investement. Mind you, this is not a HYIP but real investment in offshore financial market.

You can register free for 14 days but need an introducer to start. Use mine: mygha1605101 to register yourself.