My Christmas Present
Basically my christmas present this year is 2500$ to invest or spend, it's expected that I invest it however. Those who are wiser and have gone through figuring out finical investments if you had any tips on making the most return on my money and any websites that may help me make this decision on how to invest.
Btw I don't want a very low risk-return investment.
December 21, 2014
4 Comments • Newest first
I suggest investing in LendingClub/Foliofn. Their average rate of return is 7-10% annually if you do everything correctly. I recommend this over investing in stocks. As long as you do this correctly you're literally guaranteed a return. Of course that would only mean around $125-$250 profit a year. However it's definitely a lot more profitable and less risky than investing in the stock market in my opinion. I believe the stock market is a lot more volatile because it's impacted by world events etc. Otherwise if you want to invest in stocks, check out my review on an online stock broker site named Loyal3 @ http://www.financialbasis.com/loyal3-review/ It's a review on a stock brokerage site that allows you to buy and sell stock for free. Otherwise I suggest you try opening an amazon/ebay business as that may be the most profitable if have the right inventory and know how to make the most profit. I've actually managed to turn a $3000 startup amount into around $13000 of profit which I guess would be $10000 of profit if you don't include the 3000 initial investment. (I've been doing this for close to 2 years, part time).
[quote=ErvTheMan]You must be pretty rich if you think 2.5k is nothing. It's a decent starting investment.[/quote]
It's actually not that much man. That'll only get you rent for 4 or 5 months in a doubles room where I live. Sucks but that's the truth.
[quote=tonyroxhehe]Get your maple character to 2m-2m
Kill CRA and Hellux.
Sell Drops
Convert back to $$
$2500 in real life is nothing... i dont really know what kind of investment you are talking about.
If you had maybe $2million you could buy a nice house.[/quote]
You must be pretty rich if you think 2.5k is nothing. It's a decent starting investment.
It's actually not that hard.
Just use Google's stock info and read the news to research companies' stocks and see if/how they'll be affected. After that, just find a brokerage. Try E-Trade.