How can I invest $6,000.00 to earn the highest interest?
79885
It depends on how long you can leave your money invested. The higher the returns you seek, the more risk of short term losses you are going to need to accept. If you do not have a long time to stay invested you need to pick more conservative investments. Over the long term, the highest returns are earned by stocks, with small company stocks edging out larger company stocks. Bonds will typically give you lower rates of return than stocks, but less unpredictability. CD's and money markets are at the low end return-wise, but have virtually no chance to losing value.\n\nSeek the advice of a financial planner. Have him/her help you complete a Risk Tolerance Analysis. The results of this analysis will guide you to the proper mix of assets for your particular savings goal.
849279
If you just want to invest and have no input i'd put most into cash management and get say 6.5% interest (very low risk). I would also put some into shares ie. banks or strong companies that are low risk.\n\nIf this is a lot to you, you dont want to risk it....
43381
I could write an entire paper on this subject.  However I'll give you a few tips to get you started.\n\n1: Those who understand interest collect it.  Those who don't pay it.  There are things in life that you must take out a loan in order to obtain, and it is even a good thing for certain things such as a house.  However most items you should make payments to yourself and then purchase it.  You can save an incredible amount of money by doing this.  For example; get by with the old clunker car you have and instead of paying the bank $500 a month for a new one, save it in an interest bearing savings account until you have enough to pay cash for it. Same goes for the toys. If you want a new 48" HD flat panel TV, make payments to yourself until you have enough to purchase it. DON'T get the loan.\n\n2. Start putting  money in interest bearing fund.  An IRA (individual retirement account) is an excellent choice.  Do not worry if you can not afford to put away much each month.  If $10 is all you can handle that is fine, the important thing is to start.  If your place of employment offers a 401k, you should definatly take advantage of it.  Many times they will match a certain portion of your contribution, which in a sense is a payraise.  ALso by putting your money into such funds you can't just go to the bank and draw from it which is a good thing.\n\n3.  Whenever you get a payraise, or take a different job that pays more, you should save most of the raise rather than spend it.  You have been getting by with the old salary and are use to it. At least save half of the raise.\n\n4.  When you start saving it will seem that your savings are not growing very fast.  But you will be surprised a few years down the road just how much it begins to grow.  If you have a $100 dollars in savings an earn 7% interest on it in a years time you have made only seven dollars.  But  the more you save the more that 7% means. When you have $100,000 dollars in your accountd that 7% equates to $7,000 dollars.\n\nEven people with meager incomes can become independently wealthy over time.  Just don't expect it happen overnight.\n\nI have been saving for 16 years now and my net worth is now slightly over a million dollars.  When I started saving my yearly salary was about $24,000/year.  It is currently about $70,000.  So you see I don't make an extreme amount of money, but I have been able to save a fairly good amount.  It can be done, it just takes perservance.\n\nBest of luck!
1026641
Call Scottrade and ask them. Or call a dozen other brokers.\n\nOne rule of investing: Never use borrowed money, or money you cannot afford to lose.\n\nYou're making several presumptions with this question. First, that Scottrade is the broker of your dreams, or the best of the best. How do you qualify that? But w/o more info, neither can I give you advice there. For someone with limited knowledge, that is an open question, and probably still won't be decided until after you've investigated it fully, and actually tried one or three.\n\nSecond, you seem to presume that you will actually make money. Instead of focusing on how much money you "could" make, you should be focusing on how much money you "could" lose. Most novice investors get this backwards. Rather than focusing on ways to make money, focus on ways to manage risk and ways of increasing your odds.\n\nOnly if you can stay in the game do you have a chance of making money.
1134451
MAKE MONEY QUICK, EASY, AND LEGALLY!!!\n\n\nComments\n\nMONEY Turn $6 into $6000.00 in two weeks : HOW TO TURN SIX DOLLARS INTO SIX THOUSAND DOLLARS.\n\nREADING THIS COULD CHANGE YOUR LIFE! IT DOES WORK!\n\nI found this on a bulletin board and decided to try it. A little while back, I was browsing through newsgroups, just like you are now, and came across an article similar to this that said you could make thousands of dollars within weeks with only an initial investment of $6.00! So I thought, "Yeah right, this must be a scam", but like most of us, I was curious, so I kept reading. Anyway, it said that you send $1.00 to each of the 6 names and address stated in the article. You then place your own name and address in the bottom of the list at #6, and post the article in at least 200 newsgroups. (There are thousands) No catch, that was it. So after thinking it over, and talking to a few people first, I thought about trying it. I figured "what have I got to lose except 6 stamps and $6.00, right?" Then I invested the measly $6.00. Well GUESS WHAT!?... within 7 days, I started getting money in the mail! I was shocked! I figured it would end soon, but the money just kept coming in. In my first week, I made about $25.00. By the end of the second week I had : made a total of over $1,000.00! In the third week I had over $10,000.00 and it's still growing. This is now my fourth week and I have made a total of just over $42,000.00 and it's still coming in rapidly. It's certainly worth $6.00, and 6 stamps, I have spent more than that on the lottery!! Let me tell you how this works and most importantly, WHY it works... Also, make sure you print a copy of this article NOW, so you can get the information off of it as you need it. I promise you that if you follow the directions exactly, that you will start making more money than you thought possible by doing something so easy! Suggestion: Read this entire message carefully! (print it out or download it.) Follow the simple directions and watch the money come in! It's easy. It's legal. And, your investment is only $6.00 (Plus postage)\n\nIMPORTANT: This is not a rip-off; it is not indecent; it is not illegal; and it is 99%no risk - it really works! If all of the following instructions are adhered to, you will receive extraordinary dividends.\n\nPLEASE NOTE: Please follow these directions EXACTLY, and $50,000 or more can be yours in 20 to 60 days. This program remains successful because of the honesty and integrity of the participants. Please continue its success by carefully adhering to the instructions. You will now become part of the Mail Order business. In this business your product is not solid and tangible, it's a service. You are in the business of developing Mailing Lists. Many large corporations are happy to pay big bucks for quality lists. However, the money made from the mailing lists is secondary to the income which is made from people like you and me asking to be included in that list.\n\nHere are the 4 easy steps to success:\n\nSTEP 1: Get 6 separate pieces of paper and write the following on : each piece of paper "PLEASE PUT ME ON YOUR MAILING LIST." Now : get 6\nUS $1.00 bills and place ONE inside EACH of the 6 pieces of paper so the bill will not be seen through the envelope (to prevent thievery). Next, place one paper in each of the 6 envelopes and seal them. You should now have 6 sealed envelopes, each with a piece of paper stating the above phrase, your name and address, and a $1.00 bill. What you are doing is creating a service. THIS IS ABSOLUTELY LEGAL! You are requesting a legitimate service and you are paying for it! Like most of us I was a little skeptical and a little worried about the legal aspects of it all. So I checked it out with the U.S. Post Office (1-800-725-2161) and they confirmed that it is indeed legal.\n\nMail the 6 envelopes to the following addresses:\n\n\n#1) ANDREW BUNN\n149 PEREGRINE WAY\nDIVIDE, C
1130120
The best way for you to invest depends on a lot of things.\n\nFirst, if you don't have an emergency fund worth 3-6 months of expenses, establish one first, maybe in a money market fund so you can get at it in an emergency. It won't pay back much, but it's better than having to borrow money in an emergency and getting into debt because your money is locked up.  Nor do you want to sell your investments during a temporary downturn to pay for something like a new roof.  Then you'll have lost that money permanently.\n\nNext, if you haven't done the 401(k) thing and the IRA thing, do it. Tax-free or taxed deferred savings are good.\n\nFinally, if you've already done all those things and still have $400K left to invest, there's still more stuff to think about. Long term, stocks will grow faster than anything else, but can be very risky short term. They're a terrific investment if you're young and have a long time line. If you're older, you have to think more about safer investments, because you don't have as much time to recover from a downturn in the market.\n\nAnyway, there is no "best" way to invest a sum of money. What's best depends on a lot of different circumstances. If you really want a good investment, go buy a book on investing so you can decide what makes sense for you. Sure, you could give your money to a financial advisor but how do you know he's not just in it for the fees and commissions he charges you? How do you know his advice is any good? You need at least a foundation so you can make an informed decision. Personally, I like "The Only Investing Guide You'll Ever Need" by Andrew Tobias. It'll give you the basics. Good luck.
1158763
You can honestly do it trading options.  You could get a margin account which would automatically give you a $20000 account, $10k yours and $10k borrowed.  Then buy "calls" on stocks you think are going to go up and "puts" on stocks you think are going to go down.  If you chose wisely you will get rich quick, if foolishly you will be over $20,000 in debt in a matter of days.
238429
Go to a paycheck advance place.  You'll end up paying a lot in interest - but chances are no one here will lend it to you.  And, if they do, they are insane.  Or ask your parents.
557091
the "best" investment you could make has to do with your knowledge and experience with investing, and by the sounds of it you dont have much of either. I wouldnt invest in any stocks or bonds, or anything with high risk until you know about tax laws, financial institutions, etc. Educate yourself first or blow all your money away. Trust me there are plenty of people out there waiting to take your money away from you.\n\nI would suggest a ROTH IRA, since your principal is not taxed, and has a very high return for younger people over a long period of time. \n\nAnother thing u could do with your money is start a business and sell it once its successful (for a few million dollars or whatever it happens to be worth) -- but like investing you should educate yourself first.\n\nAnother best bet as a non-experienced investor is to start out safe in Money Market accounts that have near 5% interest rates like ING direct orange account, or HSBC Money Market Savings account as some examples.\n\nThe CD thing sucks becuz they tie your money up for long periods of time whereas money market savings accounts are easily liquidible.\n\nOh i should mention also that ROTH IRA has no penalities on withdrawls you make against the principle, and you can use money from a ROTH IRA to buy your first home too!
590722
Can't makes much off of that, the best investment you can make is by investing in a micro cap mutual fund, but even then your only gonna make 20% a year or so.
1106513
Go to Citibankonline.com  Check out the E-savings account.  It is the best for liquid money at 4.75%  And as rates go up, so will the rate.  Best for short term money.\n\nFor over a year, look at a floating rate mutual fund.  It buys shorterm corporate debt, and gets you about 5.35 to 6% interest.\n\nXLACX or Highland Floating Rate Advantage class C is the best choice.  Remember, you need to keep the money in the fund for 1 year, or their is a 1% penalty.
1179792
1.Focus on paying off the loan/creditcard that bears the highest combined interest rate and balance owed.  If possible, pay more than the required minimum each month(as Gabriel suggested) even if it's only $10 or $20 extra.\n2.Pay minimums on all other accounts(so you can afford to live while attacking the anchor-debt above that is pulling you down).\n3.Re-fi anything you can to lower payments, giving you more monthly cash to knock down the debt mentioned above. (i.e. car loan, etc.)\n4.Split rent with a friend for a short period of time (6 months to a year) until you get some breathing room in your financial life.\n5.Do a no-cost trade with your gas guzzler down to something that gets 30+mpg(nothing is going to change in the oil market in the near future).\n6.Forego your morning Starbuck's and only drink from the corporate coffee pot.\n7.Spend half your savings on #6 each day on the lotto.(you never know; your problems could be over in an instant).
1172643
You'll pay about 18-20% interest.  Unless you paid it back fairly quickly, you could end up paying back a huge amount of money in interest. If at all possible, I would hold off on whatever it is you want to buy until you have the cash.
1171856
Have alot of money first off
81527
so you can get the best interest rate
190710
Put it in a CD until you have $ 10,000 to invest in Exchanged Traded Fund
337558
It depends if it's simple interest or compound (sometimes called effective interest).\n\nI'm also assuming that the 6.5% is per year.\n\nThe accumulation factor formula (ie what we multiply our initial amount by) for simple interest is:\n\n(1 + ni)\n\nSo if we double our initial amount then this factor must be 2.\n\n1 + 0.065n = 2\n\nThis gives\n\n15.38 years (I am assuming that you receive this interest daily - and not at the end of each year or anything like that)\n\nThe accumulation factor formula (ie what we multiply our initial amount by) for compound interest is:\n\n(1 + i)^n\n\nSo if we double our initial amount then this factor must be 2.\n\n1.065^n = 2\n\nTo solve this we need to take logs:\n\nln (1.065^n) = ln 2\n\nWe then use the rule that ln (a^b) = b ln a\n\nn ln 1.065 = ln 2\n\nSo:\n\nn = ln 2 / ln 1.065 = 11.007 years\n\n(Again I'm assuming that you receive this interest daily - and not at the end of each year or anything like that)\n\n(PS you can use other logs as well for this - it doesn't make a difference here)