$$$$ Investing My Dollaz $$$$

It really depends on how long you are willing to invest the money. If you will need the money within a year or two when you graduate, I would look for the best CD possible. If you are willing to longer, then look into mutual funds. With only 5000, the stock market will be risky because you really won't have a diverse portfolio.

See advice here:

http://www.letsrun.com/forum/flat_read.php?board=1&id=2000538&thread=2000062

If you're willing to think long-term (and, you really should be), then put $4K into a Roth IRA and just forget about it until retirement. Best deal out there for long-term (30+ yrs) investing. The Roth is worth sacrificing/saving for each year just so that you can be sure to put in the $4K maximum each year.

Cash is king.

Put the money in a short term money market where you can access the money if you need it. If you tie the money up long term now, you may be forced to pay a penalty to get to it or have to take out a more costly loan or credit card debt if you need that money. When you get out of college and get a steady job, you can then think about investing long term after you keep enough cash back for emergencies, etc.

read the book "Rich Dad Poor Dad" by Robert Kiyosaki.

Deedsy wrote:

I have about $5,000 that I want to invest. Of course I want the highest returns possible, and I'm willing to invest my money with some higher risk to get those returns.

not a willy wrote:

If you're willing to think long-term (and, you really should be), then put $4K into a Roth IRA and just forget about it until retirement. Best deal out there for long-term (30+ yrs) investing. The Roth is worth sacrificing/saving for each year just so that you can be sure to put in the $4K maximum each year.

It's 5k now, 6k starting Jan 08.

pay off any high-rate credit card debt you may have.

after that - max out the roth.

I was stock heavy back in the late 90's when every idiot in the world was making money in the Market... I became confident very quick and LOST MY ASSS 2000-2001... I am very jaded when it comes to the market... I eventually got rid of all of my individual stocks but but held onto a couple of very conservative mutual funds.. Just bought a 5.65 % Cd about a month ago and am VERY happy with that... Be extremely careful with the market... In alot of ways your odds are better betting the lot on one hand of Blackjack in Vegas.... However, if you do your research and watch it like a hawk and can keep greed and emotion out of it plus have a good strong stomach, then, the market may work ok for you... If your in it to get rich quick, I can almost guarantee that you will be Greatly dissapointed... Be Careful....

rippy cripple wrote:

Cash is king.

Put the money in a short term money market where you can access the money if you need it. If you tie the money up long term now, you may be forced to pay a penalty to get to it or have to take out a more costly loan or credit card debt if you need that money.

If he puts it in a Roth he can always access the amount of the original investment without penalty. If he wants to use it for a short term emergency fund (which is not a bad idea) he should put it in a money market within the Roth.

Of course to put it in a Roth he would also have to show earnings for the year at least equal to his investment.

malmo wrote:

It's 5k now, 6k starting Jan 08.

Nope. It's 4K now and 5K starting Jan 08, unless you're over 50, in which case it would be 5K now and 6K starting Jan 08.

Go to a casino. Start betting with $100, on either red or black. Choose 1 color. When you lose, put in the double, until you won, and so go one. Make sure you don't bet bigger amounts of money.