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Best return on $500 investment ?


I have about $500 that I would like to put into a account or something for a year to use for a vacation next year. What are my best options? I am very new at this. How much could I make in a year?

Since you need the money so soon, you really don't have much risk tolerance. So I think you should stay out of the stock market. Put it in a CD or high interest checking account.

You'd get about 5 - 6%.

Honestly- it may be a bit small for shares or any form of institutional fund. IS there anyone you trust who'd be interested on pooling their money with you so you'd meet the minimum requisite amount?

Hey.
500$ isn't much, even online brokers require you to usually have a minimum deposit (in case of loss for example). That's the first bad thing.
Investing is usually worth it starting from 10 times the amount of that, so you can actually make some profit. Plus, any account will come with expenses (broker's comission, maybe taxes, etc).
My advice would be 2 check out optionsxpress.com, best online broker and lowest commission ever.

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.

You can try Doubling Stocks which is an easy way to make money by investing in penny stocks. You can earn thousands just by investing the $500 that you have after a year.

This is what happens: Their Penny Stock Guru, Michael Cohen will give you a penny stock pick each week and you just need to trade that stock and make money. His average profit per trade this year is more than 100%! He rarely picks the wrong trade.

Below are the stocks that I successfully traded with Michael's recommendation and make a good pile of money. Only 1 stock was picked wrongly:

1. PAETEC Holding Corp. (PAET) $9.80 (March 2007) $19.25 (March 2007) +96%

2. BioStem Inc. (BTEM.OB) $0.46 (March 2007) $2.34 (March 2007) +408%

3. LANTIS LASER INC (LLSR.PK) $0.49(April 2007) $0.42(May 2007) -14%

4. SUPERCLICK INC (SPCK.OB) $0.11(May 2007) $0.24(June 2007) +118%

5. DHANOA MINERALS LTD (DHNA.OB) $1.00(May 2007) $1.55(May 2007) +155%

You can read a good review of what you receive as a member through this site:

http://tinyurl.com/yuksz5

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