How to invest $3000?

By: Guest
Date: Tue-Jun-2-2009-
Response
1
Put it in a CD at a bank. If you need to buy a house in 5 years you don't want to risk a hit to principal
[d] By: Guest
Date: Tue-Jun-2-2009
Response
1
If you are looking for long term returns and plan to keep your money in place for 20 years plus, long term growth funds are great. Especially now since the market is a low. Check out the Fidelity and Janus family of funds.

Medium range return 7-10 years, I would seriously consider the US Automakers. GM is down to $4 bucks a share, I think Ford is around $3. If you have faith in their survival, they can only go up.

Also, you can't go wrong buying a house, especially with the market so low. There are some really good deals out there. In fact, if you wait another 2 years, the market will be bottoming out. Unfortunately for many homeowners, there are a lot of adjustable loans that will be resetting at higher payments in the next 2 years. The result will be many more foreclosures, which will result in home prices dropping even lower.

Oil is too volatile, unless you really know what you are doing. Between the sagging economy and alternative fuels, the prospects aren't too good anyway.

Gold is traditionally stable, but is at record highs. Remember the old saying, buy low sell high. Not so sure the timing is the best for gold right now. Diamonds, same thing.

[d] By: Guest
Date: Tue-Jun-2-2009
Response
1
If you've money to spare, you can save and/or invest it. With saving you put your money aside without the risk, usually with the opportunity to earn interest. With investing, there's potential for your money to grow more, but the returns aren't guaranteed. Investing is generally more suitable for the longer term. Hope this is of some use to you.
[d] By: Guest
Date: Tue-Jun-2-2009
Response
0
Depends on whether you need instant access to it.

If not, then an NS&I ISA would be a good place to invest, interest rate now 6.05%, and tax free. With Premium bonds the blurb says you should currently expect the .EQUIV.alent of 3.8% in tax free "winnings", but at the same time you could withdraw your bonds in a years time without winning.

Of the savings accounts ICICI's Hi-Save is one of the best rates at 6.05%, with no interest penalties for withdrawals, but obviously tax on the interest.

[d] By: Guest
Date: Tue-Jun-2-2009
Response
What is 1 + 100

Just Updated::