Easy there big fella. You have a thousand bucks. In the big scheme of things, that can't be "flipped" into big money. Anything you do in stocks would be a crap shoot, not investing. And re-selling on Craig's List is just plain stupid. Open a savings account, dump the money in there, and next time you have some cash, dump it in there as well. Over time you will have enough to do something with.
PUT IT IN A BANK ACCOUNT. its your best bet. unless....you know ....vacation...
Buy stock options.
Take it for a long weekend to Las Vegas. You have a better chance of going home with a profit than anything you are able to "invest in" from "tips from idiots like us".
The adage "A fool and his money are soon parted" has been around forever because it is true.
Mark Twain was "more concerned with the return OF his money than the return ON his money". And so should you.
Your friends' advice is absurd. Selling things on Craigslist has nothing to do with your $1000. "Throwing your money into the stock market" is just gambling if you don't know what you're doing.
Don't hold your breath.
If it were that easy, we would all do it.
There is no safe way to get a high return. Investing it would be you're best bet- you could take a risk with the possibility of losing it all but also tripling what you started with (if not more), or you could play it safe and make a little bit of money over a long period of time. Or a little of both. Its up to you
In the past few months, I've come into some money (tax return) and I want to invest that money with a significantly high return. My friends that tell me to either go on Craigslist and resell items, or throwing my money into the stock market. They both sound nice, but I want to know my other options.
What are some other ways could I make that money grow?
