What is the best investment option with $7500?

Apart from putting the money is savings account. Can I buy stock?

I just inherited $40,000 on Monday. The only stock market investment I felt comfortable with, was purchasing more Blue Chip Stocks within my DRIP Plan.

They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP's are one of
the best strategies on Wall Street.

They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.

Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.

These long-term plans are great for beginners as well as veterans. Check them out.

Best of Luck

yes but I think the best is in getting educated on stocks before you invest real money. Use the 7500 to learn more about trading

Pay off any outstanding credit, no investment will offset credit card interest charges. Once debt free then invest.

buy gold or some investable producitons about gold

Hello,

I also had a similair problem as you have.
I had a good amount of money, and wanted it to grow.
So I looked around on the internet to find something that is:
1) giving me great returns towards a relatively small risk

2) Professional people who know what they where doing with my money.

I'm glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
On this blog you can follow up all the results that he is making:
http://my-robottrader.blogspot.com/

My money is working for me, in three months time I already have a ROI of 80%.
So you don't hear me complaining!
Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
Then I'll give you the email adress of my moneymanager

Hope this has helped you!