What are some good investments?

What are some good investments for an 18 year old for $2000 for 6 months. I'm thinking probably a CD. What else do you guys think? How about doing some retailing, such as buying computer stuff for which I know prices pretty well, and reselling them on ebay? By the way, this is money that I'll have to spend on my college tuiton, so I really can't afford to loose it.

"Computer stuff" and E-Bay seems a bad idea to me. How are you going to buy truly wholesale (quantity) without a license and a supplier? I just bought a new computer, and E-Bay wasn't even considered. Too many scam artists on E-Bay for me.

You definitely want something secure since it's for school. A CD is a good idea, but has low yield right now. You might look into a brokerage account, stockbrokers usually give you a decent rate with very low risk.

You definitely want something secure since it's for school. A CD is a good idea, but has low yield right now. You might look into a brokerage account, stockbrokers usually give you a decent rate with very low risk.
Exactly what I was going to suggest.

Assuming you invest long-term in the stock market, I would suggest blue-chip stocks. Take a look at them. Also check out the Wilshire 5000 Index. Around 7,000 of the best performing companies.

Even if you have your own broker, I would suggest doing research for yourself, and not just listen to his words soley. :2cents:

I was suggesting to just hold the $$ in the brokerage account and not invest in stocks at all. This is the college money, so lower risk is better.

I was suggesting to just hold the $$ in the brokerage account and not invest in stocks at all. This is the college money, so lower risk is better.

A brokerage account isn't an investment. Its a container for the investments. They could be stocks, bonds, mutual funds, CDs, etc. Heres a quick overview http://www.investorwords.com/586/brokerage_account.html You usually have to pay a fee to get into a good one (for anything under a hundred grand) which is ok when your return repays the buy-in within a few months and we're talking about a six month investment here. Because of your aversion to risk and the very short time frame, get a six month CD. Yes, the return is the lowest, but its the safest bet you have.













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Enron sounds like a good place to put your money.

Or Whitewater.

Thanks for the suggestions. I also invested $5000 of my own money for which I worked for in type B mutual funds about 3 months ago, and it already earned $300. Does that sound like a bad return?

When talking about investments, the phrase "It all depends" comes into play a lot. 300 in three months on 5K is alright if you're looking at mid to low risk with steady growth over a several year period. If this was a short term high return target, then its not a very good return and you should never buy class B shares if investing short term. What funds did you put it in?













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When talking about investments, the phrase "It all depends" comes into play a lot. 300 in three months on 5K is alright if you're looking at mid to low risk with steady growth over a several year period. If this was a short term high return target, then its not a very good return and you should never buy class B shares if investing short term. What funds did you put it in?
It is for longterm. 5+ years, so that's why I picked class B. I'm working with an edward jones broker. Steady growth with low-medium risk was what I wanted.

personally...since ur 18 i would have went with medium to high risk...i did it with the company i was with and i got like $400 in 3 months...which was good b/c this was even after 9/11

Blu is is on to it. Unless you plan on taking the money out after the 5 years or so, you would be much better off putting the money into a higher risk (30 years or so) and you'll be better off for it. But, at the 5 year mark and wanting to not take a chance on losing, you did pretty well.













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I think for what you chose you did make out pretty good. But you can't really expect a big return without a higher risk, as has been said.

The best thing to remember when investing in anything at all, especially with a high risk is, 'invest what you can stand to lose.'

Too many people think they know what they're doing or just dont pay attention and before they know it they've lost their entire savings.