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Old 08-27-2007, 05:18 PM #1
Ynnekdude
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What to do with 3000$...

Ok well basically over the past few years when I was in highschool I worked my *** of at a bank. Now, I have 3000$ in my account at that bank and then a seperate account at another bank with much more money (I do not want to touch that stuff until I'm done with college). It's pretty worthless for me to get a CD or money market for only $3000...so I'm curious. What would be a good way to get good returns on $3000 in oh say 6-10 (maybe more if someone has an unbelievable idea) years? I'm willing to be risky because this is money that I don't really "need" though I'd prefer to gain rather than lose on this investment
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Old 08-27-2007, 05:21 PM #2
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legal or illegal?
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Old 08-27-2007, 05:32 PM #3
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legal or illegal?
lol

Legal: anything that promotes the environment (with that big "go green" gay thing that everyone is jumping on)

Illegal: Sling Some Rock.
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Old 08-27-2007, 05:51 PM #4
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Worked at a bank and didn't pick up anything about money management? I find that odd. I do regular coaching sessions with my tellers not only for sales opportunities but for their own knowledge as well.

Is there an investment person at either of your banks whom you trust? He/she should be your first contact.

Nobody here can recommend an investment based on the info we have, you really need to speak to someone about it.
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Old 08-27-2007, 08:46 PM #5
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scoot is right put it into anything about going green, because seems like more and more people are trying to prevent global warming.
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Old 08-28-2007, 02:20 PM #6
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Worked at a bank and didn't pick up anything about money management? I find that odd. I do regular coaching sessions with my tellers not only for sales opportunities but for their own knowledge as well.

Is there an investment person at either of your banks whom you trust? He/she should be your first contact.

Nobody here can recommend an investment based on the info we have, you really need to speak to someone about it.
Basically the bank I worked at got bought out by another bank and it really screwed everything over. We lost a lot of good customers along with loads of great employees...many of them people whom I would have trusted helping me invest my money. The new bank basically treated everyone like **** until they could no longer take it and decided to quit. Then they would send in their own employees to take the positions because they are *******s like that.
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Old 08-28-2007, 07:49 PM #7
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scoot is right put it into anything about going green, because seems like more and more people are trying to prevent global warming.
NONONONONONO! That is not smart at all. You have to first determine how well the company is doing(cash flow, debt, etc....). Then you can make a decision with some more research. Even if everyone bought a product from a company that did not have a good business model; it would fail.
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Old 08-29-2007, 01:47 AM #8
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well i'd build computers and sell them here or locally.. it's an easy $300 per computer for an hours worth of work
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Old 08-30-2007, 12:47 AM #9
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well etrade's complete savings could get you a decent amount per year for 3000. I think its 5.05% APY.
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Old 08-30-2007, 01:14 AM #10
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well i'd build computers and sell them here or locally.. it's an easy $300 per computer for an hours worth of work
maybe two hours, maybe less, clone them, $300 per computer for 10 computers in under a day= $3000 a day
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Old 09-01-2007, 07:00 PM #11
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Open a portfolio with a higher percentage of stocks, maybe 70/30. More risk can equal higher returns but it just depends how you want to invest and if you feel safe doing it.
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Old 09-03-2007, 09:56 PM #12
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alternative fuel sources and companies that produce them, are sound investments at this time
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Old 09-03-2007, 11:52 PM #13
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buy some vlccf, over 10 percent in dividends a year, more than you will get with most mutual funds, and it's got a pe of 9 so there's room for the price to incease as well
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Old 09-04-2007, 12:01 AM #14
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Mutual Funds. I love them. Just find the right one for what you are looking to do.
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Old 09-05-2007, 05:46 PM #15
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Ok, Personally this is my story. I bought a CD with $5000 at age 13. At age 16 now I only have $5800. It was a waste of my time. Then I thought if there was a way to buy my neighbors house. He is 95 so his time is about done. He is a good friend of my parents. I talked it over with my dad and he said he will buy me the house. It needs alot of work since a 95 yr old man was living in it. For example drywalled, new kitchen, bathroom, and everything had to be gutted. It is in the city where the houses go for about $190,000. We payed $75,000. Surprisingly I am very handy at most things but not all. Luckly my cousins boyfriend was a great carpenter, so he helped with the kitchen and bathrooms. I put in the house about $85,000. I managed to sell the house for $205,000 since we renivated it. So I payed my dad back the money. That was the easiest money I think I have made.

What I am trying to say is, Find something you enjoy and make money off of it. Take the opprotunity and look at it. Look at all aspects of the product. Personally I would not like to build computers like the guy above said. but if you like it go for it.

If you need any help investing, let me know.
Thanks!
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Old 09-05-2007, 08:40 PM #16
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alternative fuel sources and companies that produce them, are sound investments at this time
I wouldn't say that. Maybe renewable energy plays for the very long term, but how do you distinguish best of breed for the long term in a market that is so infantile? If you consider ethanol to be alternative then that is one of the worst plays out there.

When making a suggestion please try to adds some meat to it.
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Old 09-25-2007, 12:11 AM #17
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Defiantly invest in CLWR. WiMax is the way of the future for internet services and the stock will start to move a lot within the next year. I am putting it at $80 a share (no considering splits) by December 08'. Its a solid buy anywhere from $25 and below if you want a long term stock that will treat you well. And they are financed by Sprint and Bank of America.
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