1,000 to invest, any ideas?

para-frame said:
gold. it seems to be going up in value every month.
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That's the problem. It's to high. There's not enough room for profit and way to much room for loss.

Look at tin. Not as sexy, but rather profitable right now.
 
well if not gold then silver is on the up and up. (it has almost 2X in the last 5 years and it is used alot in dental, medical and electronics.)
 
This is my first post. Silver is still a good buy at the present spot price. Find a good local coin dealer and buy silver rounds or bars so you dont pay a high premium. They will charge too much on the silver eagles and other coins. All you want is the silver anyway. Good Luck.
 
Gollnick said:
That's the problem. It's to high. There's not enough room for profit and way to much room for loss.

Look at tin. Not as sexy, but rather profitable right now.
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Zinc looks good as well. The investment money came from selling a large quantity of silver. I look at metals speculation like a game of musical chairs.

The people who have large amounts of money can move that market rather easily and always find a chair to sit in, Myself on the other hand will never be privy to that kind of inside info. So I made a small pile and time to put it somewhere else.

BTW a great metals site is www.kitco.com if it's metal it's listed there

Gold is not the "answer". Gold dropped from 717.00 or so and has rallied back to the 600+ range. So I could only buy an ounce and some 1/10 ounces and then hope that it goes back UP to the 720 range that is entirely too long of odds for me at least.

A mutual fund sounds attractive at least. I had looked at a Morgan Stanley fund but the costs were just too high.
 
fixer27 said:
(And Dijos, do you get a commission? :D )
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No, I used to work on commission, but It put me in a place professionally, that I had to choose between making more money,and putting Clients first. When I decided to leave the sales route (I knew that there had to be a better way), I went with the company For whom integrity was a very serious matter. I've never been happier.
 
what about Ti. we all LOVE stuff made in Ti. and it seems to be going up.
(by the way, I really do not know what I am doing.)LOL
 
Serious money in metals is generally not made in a buy-hold-sell mode. To make serious money in metals, you've got to get into futures... and that's pretty sophisticated stuff.
 
Land for 1,000 an acre is a pipe dream in my neck of the woods unfortunately. We are experinceing the "real estate boom" in a big time way right now.
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There's land advertised here recently for $350/acre. But it's a huge ranch and the total price is $1.5 million. :D

I would like to put it into a higher risk/return mutual fund rather than a bond or a CD. Does anyone have any links to that sort of fund?
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I've had good luck with my ACGIX fund at Edward Jones that was a roll-over from an abandoned 401K at work. There is a front-end sales fee for that fund (4.75%), a low yearly expense ratio of (0.8), and no minimum investment.

For the boy's ESA account I've sent his money to Firstrade, and am eyeing the SLASX fund, a no-load version of the Davis New York Venture - same investments, same management, but no sales fee. I also considered JSVAX, the Janus Contrarian Fund.

I also looked into direct investment type options, buying the stock directly from the company (GE,Coca-Cola, Harley Davidson and many others offer this) But normally they want a direct draw every week from your paycheck so I passed on that.
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You can buy company stocks directly through any online brokerage, some with very low sales commissions ($6.95 at Firstrade, $7 at Scottrade, $9.99 at TD Ameritrade).

The real question, is this a good time to buy, and how long do you plan to invest the money for. For instance, if you need the money in six months and the market crashes in August adn stays low until next April, you're out of luck. If you need the money in 20 years, it doesn't matter what the market does short-term.

To me the market seems ready for a downturn, but what the hell do I know. "You can't predict the unpredictable."

What I've done recently to invest in a more speculative manner outside of my IRA accounts, open an account at a discount online brokerage and wait patiently for something to crash, then buy it. You'll earn a wee bit of interest while your money's sitting there too.

One other thing to consider, Don't take investment advice from strangers in an online knife forum. :D

Best Wishes,
-Bob
 
Add a few bucks to that $1000.00 and buy 50 shares of NVDA. It's the company that dominates the gaming industry making 3d video accellerator chips. It's been cyclical but the returns over the last few years have been awesome. It's down near $21.00 a share right now and with the Play Station 3 around the corner is poised for another run up.
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Maybe professional stock analysts don't know Jack, but I bet money they know more than I do. The report I've seen lists Nvidia at HOLD, with a target price of $24. AMD looks like a better bet at $24-ish, analysts say BUY with a target price of $50.

-Bob

Added:
A mutual fund sounds attractive at least. I had looked at a Morgan Stanley fund but the costs were just too high.
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You can use the mutual fund screening tools at Morningstar, Marketwatch, etc. to find something better suited for you. I wouldn't necesssarily use those tools exclusively to select a fund, but with 13,000 different mutual funds available, it is helpful to weed out a bunch from consideration.
 
Fruit orchards are a good longtime investment. Of course one bog storm can FUBAR the lot, but historically they have been sound.
 
I know a Nigerian political prisoner who has $1,000,000 that needs to be wired out of the country, if you will send your $1,000 as a show of good faith we will wire the $1,000,000 to your account as soon as you provide your bank account information.

You can contact me a SalemPoor@Nigerianripoff.org.
 
Fruit orchards are a good longtime investment. Of course one bog storm can FUBAR the lot, but historically they have been sound.
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Haha, I'd like to see a $1,000 fruit orchard. What's he going to do, foreclose on Ma and Pa Kettle?

-Bob
 
SalemPoor said:
I know a Nigerian political prisoner who has $1,000,000 that needs to be wired out of the country, if you will send your $1,000 as a show of good faith we will wire the $1,000,000 to your account as soon as you provide your bank account information.

You can contact me a SalemPoor@Nigerianripoff.org.
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Boy, those Nigerians sure do a lot of online investing, I recieved three other e-mails from the Nigerian President's son asking to cash a oil profit check, help him get money out of the country, and he was being held prisoner...


:D
 
I had thought Scot Trade and the other online brokerages required multiple transactions? If they don't that great news. I like Rite Aid Pharmacies actually, relatively inexpensive, and the baby boomers will be retiring in droves in the upcoming years.

Averageguy, that seems like a scam, why would a company pay 2% over prime lending rates? Were could they loan the same money out for even higher interest?
 
I had thought Scot Trade and the other online brokerages required multiple transactions? If they don't that great news.
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Nope. Scottrade and Firstrade do not have inactivity fees. Firstrade has no minimum investment; Scottrade is $500 minimum.

Quote from 7/5/05:
To me the market seems ready for a downturn, but what the hell do I know. "You can't predict the unpredictable."
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Yet another case of the Stopped Watch Syndrome. :D

-Bob
 
Bob W said:
Quote from 7/5/05:
Yet another case of the Stopped Watch Syndrome. :D

-Bob
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It's a talent to be sure....:D

Thanks for the info about the online brokerages BobW.
 
It's a talent to be sure....
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Unfortunately, it's much less frequent than "twice a day".

Some (most?) of the other brokerages do have "Inactivity" fees. They are usually waved if you maintain a certain minimum balance or conduct a certain number of trades per quarter. Firstrade and Scottrade appear to be exceptions.

-Bob

-Bob
 
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