If you had a spare $1000 what would you invest it in to make money.
I have a spare $1000 dollars and can't think of anything to do with it. It sits in a bank. Sometime I think I think I should go out and buy a bale of marihauna. That seems to be where the money is. I work in a courthouse, one of my coworkers is the courthouse supplier, supplementing his income. It seems to be profitable and what better place to operate, the coverups alone make the venture worth the risk.
Save it. You'll need it on a rainy day. Just put it away and don't touch it.
I would do the same thing I did with my last $1000. I would buy a used mobile home and sell it as a rent to own for about $10K.
Buy jewelry of course, gold and diamonds!
If I had a spare $1000 then I would most definitely do something with it. Leaving it in a bank would NOT be an option. There are vehicles for you to make money with such an investment but you do need to be careful where you place your money. I would personally use it to fund trading with oil. The reason is that it is a more volatile market with greater potential for profit (and also loss). I would invest no more than 20% in oil instruments and keep the rest for giving the investment "muscle". Before I did that though I would open a practice account for at least 6 months using it every day to get used to the movements and to hone the skills I would need to profit from oil trading. It should be possible to make at least 5% profit per DAY if you learn the ropes properly. Anyway whatever you choose to do good luck with your choice.....
I will invest them online. Rite now I will Buy more and more domains. If I have them after some time, when I have launched my social network website, I think I will invest them all on advertising it.
In Australia..... Talk to Bankers Trust
Excellent company... performance history etc.
Plus They manage the Aussi Super Fund.
There you go.... Professional advice from a kiwi
Interesting..I am looking at an experiment to see how quickly I can turn 1000 into at least 10,000.
Maybe one big lotto ticket! Lol wonder if Id break even?
I've been doing a lot of peer-to-peer lending over the last few years, but since I'm trying to keep more money fairly available right now I might just do something boring like buy a few more stocks, something I can take back out in a year or so without any problems. I like the returns with peer-to-peer lending, but any given bit of money takes up to three years to get back, only a few people pay off early.
I'd invest in seeds and start an organic garden. When a tomato seed gives you ten pounds of tomatoes per year, that's a pretty darned good return on a very tiny investment. (And you can plant herbs, too, and improve your health.) $1000 will buy at least 800 packets of seeds, feeding you for a looooooong time!
My favorite site so far has been Prosper...I do have a review on that, but since there's no self-promotion in the forums you'll have to find it if you're interested, it should be in my latest hubs . I also have a couple of informational articles on peer to peer lending, but they're over on Helium and I haven't gotten anything similar here yet...since it's not permissible to promote hubs, I'm sure it's also not to post links for other articles, but I can say that a Helium search should turn up a couple of useful ones.
Ive found a couple of peer to peer lending sites, the loans available are ones that I am not wanting to fund as I think the boy who wants the computer can get a better deal .. and the other is more than I want to loan, yet I do like this.
You would need more than £750 to go on holiday to beijing unless you lived in... well.... China. You would be lucky to get a flight for that
I owe my nan about $1500, so it would go to her. Otherwise, I would just stick it in my pension, I get my tax back for contributions meaning that I actually get units worth $1250, a 25% return instantly. The markets are currently down, a good time for me to pick up a few bargain units.... I would go medium/adventurous....
I don't like trying to make money with money.... I like making money with no money, and the making that money work for me... Every minute spent trying to make money from money could be spent making money with time.
In otherwords, I trust others to do the right thing with my money.
Yh i just put shanghai for a response and Waheeyyy.
Yh i see what your trying to say because i think i am able to look at a better set of results if i made £1,000 out of nothing. It sounds good and also means that you have what it takes to set something up when you want to.
It just so happens that I received an extra $1,000 from Hubpages today! I'm investing part of it into a washer for one daughter and a dryer for the other. I think this will be a good investment because it will lower my power bills and free up my own washer and dryer. lol
I'm also investing part of it into my FL vacation in two weeks. I feel that the money we spend there will stimulate the devasted Gulf economy and will trickle down to the rest of the US. The vacation will also be a wise investment into my sanity - I need a break!
I might purchase another silver coin or two, also.
congratulations habee, and thanks for the thoughts of all..
Can anyone think of a wonderful investment that might make that $1000 special.
There are ethical investment sites where you can lend small amounts of money to individuals in the third world, say $50 a time, which give you a return - but on terms that the borrower can manage. I can't remember them off of the top of my head. The investment can help them buy school books, or tools for a business, each case is different.
Alternatively you could just choose peer-to-peer lending, where you lend money to somebody through a p2p lending site and agree an interest rate. You get a better return than you would in a bank, whilst the borrower gets a better rate of interest than they would at a bank.
I like both of those ideas.
Good idea but how you will you spend?? to get more profit.
i would invest in stocks
in brazil, where i live, i am getting 38% per year
with 1000 you cant really do anything, but with 1 million....
$1000, that's only one wild weekend out with the lads!!!!
I would need a little more than that to make it worth investing - however if everyone was to give me their $1000 (use the contact me button on my profile) then I am sure that I could do something
If you do not need the $1000 for another 5 to 10 years, invest it in stock market index funds. Critical in this is to make the right decision on when to make the investment.
Having the money available now does not mean that you have to invest it now. Keep it till the trend is right and then invest it. Also pay attention to when the trend in the stock market turns down. Sell the index funds then and keep the cash till the trend turns up again.
Invest Simple! Create Financial Freedom!
For high risk... do your research on high growth stocks and value stocks. Buy call options (if you think the market is going up) or puts is you feel the market is about to drop. Get 1 year options or leaps. If the stock doubles you can turn 1K into 6-10K with proper options. You could also lose it too.
If you like daytrading you can play it on the 3x leveraged funds by Direxion. Only good for day trading though.
You really don't have enough to do covered calls on high IV stocks.
You could hire some poor people to create 1,000 hubs at the price of $1 each in a targeted area with high CTR and ad rates and see how that goes. Not recommended for your image though.
Also, watch gold very carefully. Short term it could go higher but usually at some point when the economy is doing well it could have a wild ride back down. The futures market as it drops could be quite lucrative. Takes learning and timing though.
If I had an extra $1000 dollars I would do the following. Each are individual in themselves.
1. Buy mobile homes and sell them. A great resource would be to look into books by Lonnie Scruggs. A great book I read by him was Deals on Wheels. I actually tried to do a deal and it worked. I purchased a mobile home for $1500 and sold it for $3500 giving finance to the buyer at 12% interest. It was a home run.
2. I would find a good article writer and have them to write a series of article for me. I would then create a website around it. Along with publishing some of them to article websites.
3. Buy and sell on eBay. You can always find good merchandise to sell on eBay you just need to know where to look.
I hope this helps.
if I was being practical, I would use it towards paying the tab for a rehearsal dinner..
put it in savings.
take an extended weekend trip to new orleans
If a person has $1000, the best thing that they can do is to pay of debt. This should not be viewed as a windfall until all debt is paid.
In my personal opinion, if you try to trade (trading and investing are different) the market with a $1000 and make a killing you will lose a lot of it. It is not much money to play with in the stock market. I would stay a million miles away from forex or the commodities market. You just cant trade with that type of money. It is just too little of an amount. If you are going to effectively trade the stock market, you will need at least $10K and experience. The forex market is the same and don't try $500 mini accounts and don't go out and buy equity options or any other derivative. Every trade is going to require a minimum amount of capital and $1000 is too little. Also if you do decide to trade with more money make sure you have a lot of experience. The learning curve is not kind to your bank account.
I would not do those loan things and I am sorry I do not know a lot about them but I have been approached by people and it looks like a sure way to lose money.
You can buy and sell but like a business you have to be interested in it and you have to have knowledge of the market. I scrap and buy and sell industrial equipment. I own a manufacturing company and understand how to fix the equipment and what it is worth and markets for the equipment (most is still sold on ebay). This is the key to buying and selling which is to know the market and in these times you need to know it well. If you do, this is a good method for investing your $1000 dollars. If you don't, it isn't.
You can use it to save. You can incrementally invest in the stock market or mutual funds but if you do this you want to be constantly putting money in your account once a month. There are accounts out there now where you can incrementally buy stocks. You can learn how to save. You can put it in a bank but interest rates are anemic.
The bottom line is you will get the best return on your money if you pay off debt. The next is to save it and if you continually save over the entire market you will do well. If you invest once and the market drops, you lose so continual investment is key to sound investing in the market.
I'd Do what i do with all spare cash, I'd add it to my trading account
I would hire some workers for my websites to help increase my productivity.
If I have free $1000, I will first invest that for stock option trading. By option trading I am sure I can easily make much profit. From the profits I will enjoy my weekends!
I would use it for pay per click (ppc) campaigns with Google Adwords. I'm pretty sure I could quadruple it and increase my list. Then again, if I had an extra grand laying around it's quite possible I would blow it and have a really great weekend!!
I would buy a .com domain with a good keyword (have several in mind) which has good payout and domain age is not very competitive. Then I would work on this for a while till money start coming.
Invest it in a forex business.
I would Invest in Forex education or get a good Forex Robot. Forex Trading can be lucrative if u know how to do it right. Robot is a good way to start, I learn it from the education and testing with a Robot. Now I am making good returns. Try it.
thanks, Ive had a couple of ideas that can create income that I am keeping a little bit secret until I find out if they work.
there were a lot of excellent replies, i would say mobile homes, forex or peer loans were the best answers. since real estate is my passion, i would have to go with mobile homes! Good Luck!! Let us know what you choose.
I would definitely spend it on buying software, a DSLR for my blog and a nice present for my parents!
If i have $1000 then i will just use it to pay off my wife's medical bill which was accumulated due to breast cancer. i think i would also need more of the 1000's of dolars.
$1000 = probably should put it towards paying off my taxes so they won't accumulate penalties! but knowing me, I'd probably just give it to my kids! they're my best investment
If you do have debt, especially high interest credit card debt, paying that down would save you more than you would likely earn from traditional investments (stocks, bonds, certificates of deposit). If you only have low-interest debt, e.g. a fixed-rate mortgage, investing in an index exchange traded fund (ETF) is probably the best way to go. Unlike most mutual funds, ETF's have extremely low administration fees (typically .2%), tax advantages and all the diversity of a regular index fund.
invest it in me ... hell I'll take it - want my pay pal e-mail no .... seriously if ya got a grand right now I sure could use it
by manofmystery242 months ago
How would you use the money?
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