Whaazup17
07-27-2005, 08:55 AM
Is there anything else other than mutual funds and cds to invest 5k in?
moldyhands
07-27-2005, 10:02 AM
depends. you need to know how much risk you're willing to take and also, how much does that $5K mean to you. in other words, if you dumped that $5K into a single stock because you thought it might skyrocket, and then it dropped, how bad would it hurt to be out $2 or 3K. mutual funds are great if you're diligent and pick them for the right reasons (e.g. do NOT pick them based solely on their 1,5, and 10 year returns). when i WAS paying attention to my 401k last year, i invested in some asian market funds. WHY? because i did some research and the industries and regions the fund was investing in were starting to boom. boom they did and that fund gave me 30ish% on the year. now i haven't looked at my 401k in 6 months, so i have no idea:lol:
you couldalways invest in stocks, but $5K just isn't enough to have a diversified portfolio, which is why they invented mutual funds. or start your own company and use the $5K as starting capital. or, you could give it to me and let me blow it on a 10 day coke binge.
_Charles_
07-27-2005, 10:07 AM
I would stick with Mutual funds, unless this is $$$ you don't mind possibly loosing.
Charles
Whaazup17
07-27-2005, 01:22 PM
it's all I got saved up. It's money I don't need to live on put it that way.
I just don't really like teh stock market but its' so cheap to get into