If you had an extra $1,000, what would you do to make it grow?
1) If you use the $1000 to pay down credit card debt, you'll get a 'return' on your investment of the interest rate on the card you pay down, typically 12% to 30%. 2) You could invest in the stock market- long term historical growth averages 8% per year. Pick an index fund with low fees to maximize your profit.
Consider investing it in an ETF that pays a nice annual interest rate by way of monthly dividends, such as:
iShares Mortgage Real Estate Capped ETF (REM) currently pays 15.29% on an annual basis
SPDR Barclays High Yield Bond (JNK) currently pays 6.46% on an annual basis
Or if you want to earn tax free interest, then buy a muni bond fund that owns muni bonds in your state.
Keep in mind that the invested principal (initial $1,000) invested in these funds can gain or lose value based on changes in the values of the underlying assets that comprise the funds.
Currency Swap may be the alternative. I had to take no action as my $1000 grew from INR 55000 to Rs.70000 without any effort. Just swap the currencies and see the results. If dollar slips down in contrast to euro or pound then you may end up reconverting euros or pound in $ with good extra $. One needs to know about World and IndianEconomyToday. Higher the risk higher the profit be the main criteria.
I'd pay down my debt and put the money I saved on making money payments into my saving account.
I would reinvest it into my business to grow that and then earn more money.
I'm with peachpurple on this one...
Although I'd actually spend a big chunk on outsourcing new content for my current sites first.
Stock market and supplies for my business. That would give me a pretty good return.
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