Where to invest 2k a year?

[Dashaansafin]

Originally Posted by inimical010

Actually i think its the other way around.

Anyone else think its ironic that silver now costs more than one share of JP Morgan?

LOLOLOL guy doesnt know how markets works.

Hai guise! Did you know that 1 MS stock is worth 1 Abercrombie Tshirts!!!!!!!!????

 

[Superfluous]

Originally Posted by munchausen

I would buy a CD. Rates aren't great now but better than a savings account.

So let's see. He puts $2000 in a CD for one year. One year later he has $2020.

 

[1up]

Originally Posted by Davidko19

1K in roth ira and 1k on the lakers.

lol, bad move

 

[v.freeman]

15%? I'd certainly like to know what you're investing in.

 

[MarkI]

Buy some gold.

 

[alphaO888]

Put it into an index fund - deposit the same value on the same date once a month for the year.

99% of the general population will not be able to beat the market in the long run.

 

[Superfluous]

Originally Posted by MarkI

Buy some gold.

That's a terrible idea.

 

[HRoi]

Originally Posted by alphaO888

Put it into an index fund - deposit the same value on the same date once a month for the year. 99% of the general population will not be able to beat the market in the long run.
Yes. If you neither have the knowledge to make individual investments on your own, or the time/inclination to learn how, then find an index fund with the lowest fees possible and be done with it

 

[lastlight]

Originally Posted by alphaO888

Put it into an index fund - deposit the same value on the same date once a month for the year.

99% of the general population will not be able to beat the market in the long run.

Is it really the right time for an index fund buy in?

 

[alphaO888]

Originally Posted by lastlight

Is it really the right time for an index fund buy in?
Dollar cost average your buys by putting in the same amount every month on the same date over the next 12 months or in perpetuity. No need to try to time the market, plus fractional shares are available in index mutual funds

 

[Hortensia]

Hi,
Depends on how much of a return of investment, you're looking for as well as how much work you want to put towards it. For a while I played the car flipping game and took regular investments,starting capital of $500-1500 into cars that needed some work.

 

[tesseract]

shortsell IPOS in the short term.

 

[thebac]

The responses below would be entirely credited, except the money is for his rainy day fund. OP, if it's a rainy day fund, it needs to be in something safe and liquid. Savings/high-interest checking/money market with no loss of principal. Once you've got a rainy day fund, put money into a nice, diversified index fund (like an S&P 500) with low fees.

Originally Posted by alphaO888

Put it into an index fund - deposit the same value on the same date once a month for the year. 99% of the general population will not be able to beat the market in the long run.

Originally Posted by HRoi

Yes. If you neither have the knowledge to make individual investments on your own, or the time/inclination to learn how, then find an index fund with the lowest fees possible and be done with it

 

[otc]

I just opened a schwab checking account (which is pretty great BTW). To do this, they required that I also opened a schwab brokerage account (no minimum balance or fees, but obviously they are trying to entice customers who would trade stocks but have not been motivated to get set up).

The process to move money in and out of the brokerage account to the checking account is instant. This solves thebac's issue of rainy day fund availability. Hell, they will even let you move money from the brokerage account *on margin* (I would not recommend doing this as a short term loan...but I suppose it is nice if you need the money in a hurry on the weekend or something and make sure to place a sell order to back it up).