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by Darth Continent on November 24th, 2008

Darth Continent

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What's a good way to grow money starting out with a relatively small amount, say $1,000?

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Answers. 4 helpful answers below.

  • by Schroeder on November 24th, 2008

    Schroeder

    It is hard to say without knowing the expectations over a period of time.

    However, although it sounds bad right now, investment (stocks, bonds, mutual funds, etc.) always generates a very good result over a long period of time.

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  • by SnortingMercury enjoys New panties on November 24th, 2008

    SnortingMercury enjoys New panties

    It depends on what type of strategy you're looking for. If it is a long term strategy, I would say put it in a CD (although there are some shorter term CD's, too). Go to www.bankrate.com to find the best rate.

    If you're looking for a short term investment, I would say the stock market or futures. However, in this volatile market, you have to be very, very selective as to where you want to place your money. VERY selective.

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  • by LarryH54 on November 24th, 2008

    LarryH54

    I think I'd wait till I had $5000 or so, then find the best investment program I could. That 'green light/red light' system looks interesting, but I'd have to research it first.

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  • by Rinky Dinky Do on November 24th, 2008

    Rinky Dinky Do

    Plant it in your backyard, water it regularly, add Miracle Grow and see what happens

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