Have $3k to invest and no knowledge of stock market. best 6 month investment?

Here is my personal opinion, but then again, opinions are like rear ends, everyone's got one.

In my experience, it is not wise to day-trade stocks. Yes you might be making money at first, but eventually you WILL lose--simply because stocks need time to appreciate. In my opinion, one should not get into the stock market if he/she does not INVEST (not trade) their money in it for at least 5 years. The stock market is cyclical, and we go through an up and down market every 3-5 years.

For short term income, I would look into mutual funds, Money Market (CDs), or the FOREX market, although the latter also has its risks.

what do you mean by best 6 month investment, like what is the best 6 month investment. If so study,...... study hard.

check out fidelity. they have no load funds that buy a nice cross section of issues, which helps you to avoid market risk.

Get started young, and keep saving.

Save, save, save.

When a great opportunity comes along, you will feel lucky you did.

By the way...the definition of luck is:
When preparation meets opportunity.

Well, don't throw your money into something you know nothing about...first do just a little reading at: http://moneycentral.msn.com/beginnerguid...
or...http://www.finance/yahoo.com
It's not a lot and you'll do better if you have some idea of what you're looking for...because " best" can mean about five different things!!
Once you have some plan..check out E-trade...simple to send a deposit and get an account you can trade with.....
First step would be to invest in a company that you know something about.... computers? restaurants? clothing store?
Look 'em up , see what their "chart" looks like...
If you can find anything or think of something...either go with a company like JNJ or PG ( look 'em up)..someone that's selling everyday goods that everyone needs.......so in six months, you'll probably be up a little and you'll start saying to yourself.." you know. if I read a little more about a couple of other companies...I'll bet I could do better!!"
"Look at the lines at "Red Lobster" "(DRI)
" Man, no one buys American cars anymore" TA
" Those liquor trucks are always delivering!" DEO
" Everyone's got a big-screen T.V.!!" GLW
Have a good time..good luck......but read, read, (unless of course you just found that money in the street.

I would strongly advise you to put in CD for 6 months as you have no knowledge of stock market. It would be a dangerous act to invest without knowledge. You would not cross a unbridged river without knowing how to swim right?

Open a brokerage account at TD Ameritrade.

I suggest you put some money in stock and balance in Forex trading as it will give you fast returns. Stocks is a long term investment.


http://money-review-site.com/investment....

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