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NFT: Whats the best way to invest $1000

superspynyg : 5/21/2019 9:41 am
If you came into an extra $1000 and wanted to invest it in something what would you do? Stocks?? Bonds?? How aggressive would you be?

Note you cannot save it, pay a bill with it, or put it into your retirement account.
For me...  
Bold Ruler : Mod : 5/21/2019 9:44 am : link
Vanguard S & P 500 ETF... and let it go.
Daniel Jones  
Rocky369 : 5/21/2019 9:45 am : link
over/under on when he starts
RE: Daniel Jones  
superspynyg : 5/21/2019 9:46 am : link
In comment 14450783 Rocky369 said:
Quote:
over/under on when he starts


Huh?
RE: For me...  
superspynyg : 5/21/2019 9:46 am : link
In comment 14450781 Bold Ruler said:
Quote:
Vanguard S & P 500 ETF... and let it go.


Why?
RE: For me...  
Giantophile : 5/21/2019 9:48 am : link
In comment 14450781 Bold Ruler said:
Quote:
Vanguard S & P 500 ETF... and let it go.


+1.

Low fee index fund, put it in and don't look at it for a decade.
RE: RE: For me...  
superspynyg : 5/21/2019 9:49 am : link
In comment 14450787 Giantophile said:
Quote:
In comment 14450781 Bold Ruler said:


Quote:


Vanguard S & P 500 ETF... and let it go.



+1.

Low fee index fund, put it in and don't look at it for a decade.


Would I need a broker to do it or could I do it on say Etrade?
following  
GMAN4LIFE : 5/21/2019 9:50 am : link
.
Take a trip to the nearest poker  
Metnut : 5/21/2019 9:52 am : link
room on a Friday night.
double 8/3 against a dealer 5  
Bockman : 5/21/2019 9:54 am : link
thank me later
re: aggressiveness  
giants#1 : 5/21/2019 9:54 am : link
Depends on your time horizon. When do you envision using the money? Big difference if you want it in 5 years vs 20 years.

The Vanguard 500 ETF is a great option if you have a longer term horizon. It's fees are now 0.03%, IIRC and it tracks the S&P500 so it's pretty diversified and broad based. But if you plan to use the $1000 +/- gains/losses in the next 5 years, it may be too aggressive.

FYI, you can open a brokerage account through Vanguard for free and I believe get unlimited trades of their ETFs for free. If you open an ETrade account, you'd probably incur a $7-14 fee per trade unless you get a handful of free trades on opening the account.
RE: Take a trip to the nearest poker  
superspynyg : 5/21/2019 9:55 am : link
In comment 14450792 Metnut said:
Quote:
room on a Friday night.


I did not say the fastest way to waist as $1000

now had you said strip club..
this guy  
giants#1 : 5/21/2019 9:56 am : link
knows how to waist $1000

RE: re: aggressiveness  
superspynyg : 5/21/2019 9:57 am : link
In comment 14450795 giants#1 said:
Quote:
Depends on your time horizon. When do you envision using the money? Big difference if you want it in 5 years vs 20 years.

The Vanguard 500 ETF is a great option if you have a longer term horizon. It's fees are now 0.03%, IIRC and it tracks the S&P500 so it's pretty diversified and broad based. But if you plan to use the $1000 +/- gains/losses in the next 5 years, it may be too aggressive.

FYI, you can open a brokerage account through Vanguard for free and I believe get unlimited trades of their ETFs for free. If you open an ETrade account, you'd probably incur a $7-14 fee per trade unless you get a handful of free trades on opening the account.


This info is great!! thanks I would not want it for $10-20 years.
Crypto  
Giants in 07 : 5/21/2019 9:59 am : link
It's very volatile, though.
Two Stanley  
pjcas18 : 5/21/2019 9:59 am : link
Cup finals tickets for game 2 in Boston next Wednesday.

I have them in hand, I'll sell both to you for $1000 (total). Cost me almost $1500 with fees.

It will be a life experience, maybe even once in a lifetime, and life experiences are far more valuable than any purely financial investment.

you can email me (it's in my profile) to complete this transaction.
Iíve been  
GoDeep13 : 5/21/2019 9:59 am : link
Investing a lot lately in companies that work on alternative fuel. With the Green New Deal and climate change debate I think thatís highly the way to go.
...  
GothamGiants : 5/21/2019 10:04 am : link
Total US Market Index fund

And then feed it every month/quarter/year as you can afford to do so ... and let laugh at how much itís worth in 10+ years.
RE: RE: Take a trip to the nearest poker  
Metnut : 5/21/2019 10:08 am : link
In comment 14450796 superspynyg said:
Quote:
In comment 14450792 Metnut said:


Quote:


room on a Friday night.



I did not say the fastest way to waist as $1000

now had you said strip club..


A typical poker room on a Friday is full of recreational and generally awful players. A solid player (not even a good one) should expect to earn somewhere between $20/30 per hour long term playing 1/2NL. Higher at 2/5 (although a $1K bankroll is wayyy too small).

Investing $1000 in stock/bonds hoping to earn $40-50 a year (maybe $100 in a great year, wow!) doesn't seem to be the "best" way to invest it IMO. This isn't exactly gambling the college fund or a house down payment away.

If you have an E Trade account  
johnnyb : 5/21/2019 10:08 am : link
just buy shares in the Vanguard Total Stock Market Index Fund- symbol is VTI. You can always add to the position. This will give you exposure to the stock market in general, without making any specific bets on stocks or even industries. Just a macro bet on the performance of the stock market. Do your best to tune out the short term volatility and noise and remember this is a long term investment. Stay invested!!
Robot  
Dirt1 : 5/21/2019 10:13 am : link
Butcher


Link - ( New Window )
..  
Named Later : 5/21/2019 10:15 am : link
Canopy Growth (CGC)....well-positioned company in a rapidly expanding field.

I would look at an index fund  
Mike in NY : 5/21/2019 10:15 am : link
Like Vanguard previously mentioned or Dow Target 10 although the latter will have a one year commitment. You don't have enough to invest in any one stock so a fund with a wider reach will likely be the most cost effective solution. What sort of time frame do you have in terms of liquidity and what is your risk tolerance?
Download Robinhood. Throw it into an index fund like SPY  
Giants Fan in Steelers Land : 5/21/2019 10:21 am : link
No fees
buy a few shares of Amazon  
gtt350 : 5/21/2019 10:29 am : link
.
What about in a short term strategy?  
BigBlueDownTheShore : 5/21/2019 10:31 am : link
anyone have any advice for that?
RE: What about in a short term strategy?  
GothamGiants : 5/21/2019 10:36 am : link
In comment 14450847 BigBlueDownTheShore said:
Quote:
anyone have any advice for that?


High yield savings account for 2% return / liquidity
robinhood is free  
mattlawson : 5/21/2019 10:45 am : link
buy low, sell high. I would actually target a low float volatile stock with a history of spiking, and see if it could double up relatively quickly. rinse and repeat
RE: robinhood is free  
GMAN4LIFE : 5/21/2019 10:46 am : link
In comment 14450858 mattlawson said:
Quote:
buy low, sell high. I would actually target a low float volatile stock with a history of spiking, and see if it could double up relatively quickly. rinse and repeat


have you had luck lately?

and without the jokes please, are penny stocks even worth it?
RE: ..  
johnnyb : 5/21/2019 11:37 am : link
In comment 14450827 Named Later said:
Quote:
Canopy Growth (CGC)....well-positioned company in a rapidly expanding field.


With no earnings
RE: buy a few shares of Amazon  
johnnyb : 5/21/2019 11:38 am : link
In comment 14450844 gtt350 said:
Quote:
.


Amazon is $1,851 per share. He has $1,000. Index fund is much more efficient.
I'd find an MLP with good Dividends  
BigBlue2112 : 5/21/2019 11:39 am : link
let it sit and reinvest the quarterly dividends. many have ~$0.50 per share so you're getting ~$2.00 per share annually.
You need to diversify your investment. Buy several of each.  
Marty in Albany : 5/21/2019 12:00 pm : link



Giants to win the division...  
Milton : 5/21/2019 12:18 pm : link
I've read 16-1.
I agree with S&P ETF and Total US Market Index fund  
X : 5/21/2019 12:20 pm : link
but you have to look at it long term. I made a lot of money on those two in the last 15 years. I think they averaged around 15% during that time.
I got a Bridge  
chiro56 : 5/21/2019 12:38 pm : link
for Sale. Cheap
.  
flycatcher : 5/21/2019 12:43 pm : link
Robinhood  
Eli owns all : 5/21/2019 1:19 pm : link
Cgc canopy growth corporation

acb: Aurora canabis inc.

Both Canadian base marijuana companies.
RE: Daniel Jones  
mvftw : 5/21/2019 1:23 pm : link
In comment 14450783 Rocky369 said:
Quote:
over/under on when he starts


I took the 'over' last year (7.5). BBI thought it was a good bet...
Patriots to win the superbowl  
Jimmy Googs : 5/21/2019 1:31 pm : link
.
If all you had was $1000 and wer enever going to add more to it  
Bill L : 5/21/2019 1:33 pm : link
would you really invest it?

It just doesn't seem like iut's enough to be worth it nowadays.
Iíll tell you what you should do man  
Hsilwek92 : 5/21/2019 1:50 pm : link
Buy a bullet and rent a gun  
Anakim : 5/21/2019 1:56 pm : link
?
Hookers and blow  
Mattman : 5/21/2019 2:01 pm : link
....
Go for broke!  
Section331 : 5/21/2019 2:11 pm : link
Drop it on the Giants to win the SB at 75-1! (So I really mean got for broke!)

I did put $20 on this future while in Vegas a couple of weeks ago.
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