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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. 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. 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. |
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