Educate yourself about mutual funds.
What is the money going to be used for? Retirement? Open a mutual fund Roth IRA investing in a good growth stock mutual fund that has a long term track record.
If the money is for a future savings goal like a house you can still do a mutual fund in a regular taxable account. The longer your time horizon for buying the house the more aggressive (risky) you can be with the type of fund.
Dollar cost averaging is a GREAT way to continue contributing to a retirement account. It improves your overall cost. You buy less when fund shares get expensive. You buy more when fund shares are "on sale". I dollar cost average all the time. In 2008/early 2009 when the stock market was dropping, I kept on buying each payday. Many of my retirement funds dropped significantly in value during that time. Did it worry me? Nope, my retirement is 20+ years away. I was able to load up on lots of cheap shares in my funds. All had a very long track record of great performance. I knew they would recover. Then after March 2009 they came roaring back to life & I made tremendous gains because of dollar cost averaging.
But don't take our words for it. Research for yourself. There are lots of great "investing 101" resources. I personally recommend DaveRamsey.com for a well-rounded approach to all your finances.
I'm making good profit with penny stock
Check here http://trade-pennystock.checkhere.info
Many new investors are lured to the appeal of a penny stock due to the low price and potential for rapid growth which may be as high as several hundred percent in a few days. Similarly, severe loss can occur and many penny stocks lose all of their value in the long term. Accordingly, the SEC warns that penny stocks are high risk investments and new investors should be aware of the risks involved but you can even make very big money. These risks include limited liquidity, lack of financial reporting, and fraud. A penny stock is a common stock that trades for less than $5 a share. While penny stocks generally are quoted over-the-counter, such as on the OTC Bulletin Board or in the Pink Sheets, they may also trade on securities exchanges, including foreign securities exchanges. In addition, penny stocks include the securities of certain private companies with no active trading market. Although a penny stock is said to be "thinly traded," share volumes traded daily can be in the hundreds of millions for a sub-penny stock. Legitimate information on penny stock companies can be difficult to find and a stock can be easily manipulated.
I would say mutual funds would be the better way to go, IF you control your own account, don't believe in dollar cost averaging it is a useless strategy, there are other investments as well GIC's, terms, etc. With regards to stocks it is basically a crap shoot unless you buy evergreen stocks that will pay you a dividend.
Certificate of deposits are the usual best sure things.
The stock market is also, good with repudable products.
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you should get a lot of results
Roth IRA from Troweprice, fidelity or vanguard. Vanguard expense fees are the cheapest also take advantage of company matches through 401k or 403b
Get this started today. Best of luck
Do you want to DIY?
If yes,
1. Blue chip stocks, reinvesting the dividends: PG, JNJ, XOM, etc
2. assetbuilders.com - Couch Potato Investing
If No,
Vanguard or Fidelity Target Fund 2040 (or similar)
can you afford to lose the money?
invest in the stock market
can you afford not to lose the money?
invest in a very low paying certificate of deposit
what about the 777 I hear about ?
what it the best way to invest money for later on as i get older? big help for people who can help :)
