It's best if you include a time frame in your question and if this is for retirement or some other type of purchase.
You might be able to invest in a no-load mutual fund with a small amount. You should invest in a fund that has no fee to get into the fund or to get out of it. All funds take fees for managing the fund, but if it is an index fund, there is very little management involved and fees are small.
Vanguard funds are the best, but may not allow you to invest an amount that small.
Take a look at Vanguard, Fidelity, T Rowe Price and a few others to see if they have no-load index funds that you can buy with as little as $500.
Yes, there are ways to invest small sums like this. Usually you do it through the employer and a 401 (K). If not available, use one of the commercial companies, such as Fidelty, Swabb, etc. They make their money off of you, but you do have to pay someone even the cheaper ones. Try to keep their fees down by doing something by Vanguard, an internet access only, located in California. Vanguard does do very low cost investing in the stock market, but you need to learn while doing the others.
A mutual fund would probably be your best bet.
Only be willing to invest what you are willing to lose, as there is always the chance of losing your entire investment no matter who you invest in
You can invest your money in stock trading, but be very careful.Do a little bit of research before investing in any stock. You can also take help of an Automated Trading System before investing. It will be very helpful for you.
You can invest in ETFs, or try to open a account with Loyal 3.
You can invest in stock, but it is a gamble. Look for a diversified reinvestment plan. I think you should look into a fixed index annuity. You could also look into a CD.
Just put it in the bank.
Put it in mutual fund.
I have saved up about $500 bucks towards investing.. i just dont know how to invest my money really. I am a young adult and dont make a lot.
Can i invest my 500 in anything that will help me get more money...?
