Next keep saving and your next $250 plus, look at buying some stock in one of the large corporations, make it one that pays a good dividend, every 6 months, the reason for the little bit more is to cover buying costs, but if the Corporation pay a regular dividend you will get your buying fee back in no time.
When you buy arrange to have the dividend paid in more shares, that is the key, because not only will the share price grow, but the number of shares will grow.
Then save another $250 and buy Government Bonds, they usually pay a small dividend (In UK it is called a coupon price, not sure if same in US) every six months but are regular, you can have this paid into your savings account.
Next repeat part one, then once you have saved another $250 more, look to buying a 2nd share in a different company, this way it spreads your risk, $250 more in Bonds and so on and so forth, once you have five different shares look to buying more in the first and then again.
The returns at first are slow, but once you have held the share for five years (don't buy and sell just leave them alone) you will see the growth really start to take hold, however should the stock market lose you still have your cash and Bonds.
This is how shares work,
http://www.johnashtone.com/stocks-shares...
just put it in savings until you get you a couple of grand,,,
can you even keep a savings account going? do you even have a checking?
are you even 18 or older?
Put it in the bank. Every overdraft you avoid saves you $35 !! Every bill you pay on time saves you late fees and interest (as well as saving your credit)!!
DO NOT DOWNLOAD JONATHAN'S FILE UNLESS YOU WANT TO MESS UP YOUR COMPUTER.
I don't have much money to invest, probably $10 weekly.
This guy came to give us a talk at work about investments and said there were a few small businesses and associations that we could invest money in with even a few dollars a month but didn't really leave any names or info.
If you know anything I would appreciate it, I want to make my money grow :)
