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Investing - 9/17/2007 10:21:26 AM

MiladyElaine

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I want to invest a small amount ( for investing) into something high risk for rapid gain but need broker assistance and don't know where to turn. I tried Ed Jones and he said what I wanted to do was impossible. I'm not so sure.

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RE: Investing - 9/17/2007 10:32:47 AM

seeksfemslave

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The chances are that your "small" amount will turn into something smaller, quite quickly.
Bit like the old joke, how do I leave a casino with a million.? Go in with 2 million..boom boom !

Who says I have no sense of humour lol

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RE: Investing - 9/17/2007 10:36:43 AM

popeye1250

Posts: 18104
Joined: 1/27/2006
From: New Hampshire
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Just wait till the bottom of the housing market and buy a house.
Right at the bottom prices go down below value and you can get a great deal and make thousands after holding on for two years.
I think we're getting close but I haven't seen the signs yet.

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RE: Investing - 9/17/2007 10:44:03 AM

MiladyElaine

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I'm only talking $500 - thanks anyway but if and when I buy a house, it will be My first and last.

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A crazy quilt is warm but oddly put together.

Milady

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Post #: 4

RE: Investing - 9/17/2007 10:57:12 AM

pahunkboy

Posts: 33061
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From: Central Pennsylvania
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a no load diversified mutual fund OR a credit union CD. or maybe even junk silver coins. junk silver coins are always good.

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RE: Investing - 9/17/2007 10:59:23 AM

pahunkboy

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From: Central Pennsylvania
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if you own- one consideration would be energy effient light bulbs-appliances= insolation. that will pay you back 10 fold over the years...

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Post #: 6

RE: Investing - 9/17/2007 11:10:29 AM

toservez

Posts: 1733
Joined: 9/7/2006
From: All over now in Minnesota
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If you are seriously trying to turn $500 into a lot more quickly then you are basically just playing at investing/gambling.

No professional is going to help you for that amount.

Things like opening an online account if they do not have limits and doing it yourself. Buying a boxes of collector cards and hope to get lucky on one or two cards.
Lottery tickets.

I have always been told investing is a long term commitment. If there was a way to make big returns quickly that you can beat the odds then everyone else would be doing it.

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RE: Investing - 9/17/2007 11:21:57 AM

MiladyElaine

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Thank everyone for their answers. I'll do more reseaching into the no load diversified funds. Thanks pahunkboy!

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A crazy quilt is warm but oddly put together.

Milady

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RE: Investing - 9/17/2007 11:32:50 AM

Real0ne

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quote:

ORIGINAL: MiladyElaine

I'm only talking $500 - thanks anyway but if and when I buy a house, it will be My first and last.

you need a min of 5000 to open a futures account and trade.

You could do unprotected options but there is a 95% chance you will kiss it goodbye. That is not enough to protect them, you need maybe 2500+ to get started.

Best thing to do is buy yourself a nice chunck of gold or silver with it. traceable purity, like coins etc.

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Yesterdays tinfoil is today's reality!

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RE: Investing - 9/17/2007 12:20:47 PM

MiladyElaine

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Thanks realone, actually I did think of gold but once again, I'd have to keep it several yrs to do any good.

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A crazy quilt is warm but oddly put together.

Milady

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Post #: 10

RE: Investing - 9/17/2007 12:36:48 PM

pahunkboy

Posts: 33061
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From: Central Pennsylvania
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quote:

ORIGINAL: MiladyElaine

Thank everyone for their answers. I'll do more reseaching into the no load diversified funds. Thanks pahunkboy!

you are welcome!

many funds switched to $2,500 minum- trho they waive it if you are on auto invest. 1 or 2 of the fund mrgs were killed on 9-11.

i used to like Strong and Midas [gold] but it has been years since i was in te
the sceen.

being that interest rates climbed one can find a cd withmaybe 5.25 % which is a good investment considering it is guaranteed. a mutual fund is ok- but the value bounces all over. as easy it it climbs- it can sink- so profits are not guaranteed.

may I suggest Susie Orman. She has a show on MSNBC. of all teh gurus I like her style the best. She talks to real people. not the typical wall street fare.

she lays her cards on the table. i like her style. http://www.suzeorman.com/

best to stick with small time ideas investments...the big boys make their money off the little fish... anyhow check her out. she can advise you in ways the rest of us wont think of. she considers the persons entire picture in life. her motto- "people first" and the money will follow.
:-) keep us posted!

(in reply to MiladyElaine)

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RE: Investing - 9/17/2007 12:42:22 PM

pahunkboy

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From: Central Pennsylvania
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Holy cow! Susie Orman is 55. man she looks good!

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Post #: 12

RE: Investing - 9/17/2007 12:46:11 PM

domiguy

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quote:

ORIGINAL: pahunkboy

Holy cow! Susie Orman is 55. man she looks good!

Susie Orman is a fraud...Doesn't practice what she preaches...I believe it was Barbara Walters who called her, "The biggest condescending cunt on tv."

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RE: Investing - 9/17/2007 1:24:40 PM

YourhandMyAss

Posts: 5516
Joined: 6/25/2006
From: Sacramento
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What's your idea of a "great deal"

quote:

ORIGINAL: popeye1250

Just wait till the bottom of the housing market and buy a house.
Right at the bottom prices go down below value and you can get a great deal and make thousands after holding on for two years.
I think we're getting close but I haven't seen the signs yet.

(in reply to popeye1250)

Post #: 14

RE: Investing - 9/17/2007 1:33:06 PM

hisannabelle

Posts: 1992
Joined: 12/3/2006
From: Tallahassee, FL, USA
Status: offline

greetings miladyelaine,

i am not sure if you can invest an amount that small in a mutual fund, but if you can, i would recommend going that route, personally. i invested some money in a relatively conservative, low risk mutual fund a year and a half or so ago and have made pretty good interest on it...much better than i would have a cd or bond. your bank could easily help you out with choosing a fund.

respectfully,
annabelle.

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Post #: 15

RE: Investing - 9/17/2007 3:07:07 PM

MiladyElaine

Posts: 1086
Joined: 10/10/2004
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Thanks, hisannabelle. My bank is too insignificant to do any good along those lines.
pahunkboy, in spite of what domiguy just said, I don't listen to ANYONE on tv.
I was hoping for a broker to help me with a sector fund but I think I'm still too short on initial cash. Just need to save a lot longer I suppose.

_____________________________

A crazy quilt is warm but oddly put together.

Milady

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Post #: 16

RE: Investing - 9/17/2007 4:54:26 PM

Real0ne

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Joined: 10/25/2004
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quote:

ORIGINAL: hisannabelle

greetings miladyelaine,

i am not sure if you can invest an amount that small in a mutual fund, but if you can, i would recommend going that route, personally. i invested some money in a relatively conservative, low risk mutual fund a year and a half or so ago and have made pretty good interest on it...much better than i would have a cd or bond. your bank could easily help you out with choosing a fund.

respectfully,
annabelle.

remember you need to do "better then 15%" to keep up with inflation and taxes!!! which means you need ot double your money every what 5. something years or so?

_____________________________

"We the Borg" of the us imperialists....resistance is futile

Democracy; The 'People' voted on 'which' amendment?

Yesterdays tinfoil is today's reality!

"No man's life, liberty, or property is safe while the legislature is in session

(in reply to hisannabelle)

Post #: 17

RE: Investing - 9/17/2007 6:37:50 PM

hisannabelle

Posts: 1992
Joined: 12/3/2006
From: Tallahassee, FL, USA
Status: offline

greetings realone,

i made much better than 15% in the first year. after that i took out about 3/4 of what i had invested due to unforeseen expenses, and now the percentage rate has dropped some as well. but i did amazingly well the first year, actually.

annabelle.

_____________________________

a'ishah (the artist formerly known as annabelle)
i have the kind of beauty that moves...

(in reply to Real0ne)

Post #: 18

RE: Investing - 9/17/2007 9:26:47 PM

kinkbound

Posts: 387
Joined: 9/15/2007
Status: offline

quote:

ORIGINAL: MiladyElaine

I want to invest a small amount ( for investing) into something high risk for rapid gain but need broker assistance and don't know where to turn. I tried Ed Jones and he said what I wanted to do was impossible. I'm not so sure.

It appears to me that what you may be looking to do is speculate, not invest.

What is your idea of a "rapid gain?"

Are you willing to risk your entire stake for the chance of hitting a home run?

(in reply to MiladyElaine)

Post #: 19

RE: Investing - 9/18/2007 2:22:47 AM

LadyEllen

Posts: 10931
Joined: 6/30/2006
From: Stourport-England
Status: offline

$500-00?

The amount limits your options really, which if you want a quick, high return narrow down to;

1) Acquiring heroin, cutting it with something suitable and dealing it on the streets
2) Becoming a loan shark, preying on single parent families in the rougher parts of town
both of these options however are far from risk free. If rivals dont get you, the cops will.

More seriously, there's no such thing as a free lunch, the market is on the way down and investing is more likely to become divesting very soon. In the light of this, gold is often a resort in that it rarely loses value, but you could also look at foreign currency - if the dollar falls (as I think it will) then the GBP or Euros you buy with $500-00 today will be worth more; but obviously you have to take into account charges and commissions for buying the currency.

Apart from that, given the way the market is going, there are bonds and so on which will at least give you a guaranteed return in the long term, even if its a low one.

E

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