what to do with $1500
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Old January 26th, 2008, 09:43 AM   #1
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what to do with $1500


a while back i put some money into a CD at the bank and next month it will mature, and i'll have right around $1500.. what is a good way to invest it?don't recommend car parts, because that's out of the question.. i'm just looking for a good way to invest my money.. the CD didn't hardly pay anything, especially considering i couldn't even touch it for a year..

i remember a while back somebody said something about a step CD.. how does that work?
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Old January 26th, 2008, 09:56 AM   #2
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Stock market ... you can make fast money & you can loose your butt. Best advice I can give you is go talk to a finacial group (Fidelity/Edward Jones ect.) and they can give you lots of options.

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Old January 26th, 2008, 10:03 AM   #3
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Originally Posted by importdestroyer View Post
Stock market ... you can make fast money & you can loose your butt. How old are you?
i don't know much about the stock market, but i know it's pretty risky.. is $1500 even enough money to get involved in the stock market?

btw, i'll be 17 in march, but i figured for all the things that required me to be 18, i'd just give my parents my money, they'd invest it for me, and they'd pay me back
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Old January 26th, 2008, 10:16 AM   #4
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gears, nitrous and maybe an intake
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Old January 26th, 2008, 10:19 AM   #5
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start i nice retirement fund....never to early to start

i have 200.00 a month going into a roth ira, thats through edward jones, u pay a small fee but they put ur money in the best place to make u money for the future

i also have 401k with work and it plays the stock market on day i was down acouple hundred bucks i look the next day its down another 100 but it will also raise back up

what does ur parents say???
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Old January 26th, 2008, 10:20 AM   #6
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Originally Posted by whiteboycustom View Post
start i nice retirement fund....never to early to start

i have 200.00 a month going into a roth ira, thats through edward jones, u pay a small fee but they put ur money in the best place to make u money for the future

i also have 401k with work and it plays the stock market on day i was down acouple hundred bucks i look the next day its down another 100 but it will also raise back up

what does ur parents say???
i haven't asked them yet lol
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Old January 26th, 2008, 10:20 AM   #7
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Originally Posted by TurboLX View Post
gears, nitrous and maybe an intake
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Old January 26th, 2008, 10:22 AM   #8
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I put a grand on stocks, and earned 600... you gotta know what to buy... I just got lucky and bought srock just when Mac was switching to intel and getting ready to release the iPhone... stocks rocketed from 80 bucks to 140.
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Old January 26th, 2008, 10:31 AM   #9
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Originally Posted by Luis_GT View Post
I put a grand on stocks, and earned 600... you gotta know what to buy... I just got lucky and bought srock just when Mac was switching to intel and getting ready to release the iPhone... stocks rocketed from 80 bucks to 140.
$600 profit? how long did that take?
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Old January 26th, 2008, 10:51 AM   #10
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about 3-4 months
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Old January 26th, 2008, 11:19 AM   #11
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i am looking forward to my uncle sam check of 600 in May
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Old January 26th, 2008, 11:45 AM   #12
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just look on the net for the best deal on a 6-12 cd...1500 isn't much to work with in stocks but, don't let that stop you in doing something with it.
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Old January 26th, 2008, 12:30 PM   #13
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Give it to me...
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Old January 26th, 2008, 12:31 PM   #14
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Originally Posted by Racerchik02 View Post
Give it to me...
*gives it to you*
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Old January 26th, 2008, 12:34 PM   #15
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Originally Posted by Racerchik02 View Post
Give it to me...
i'd be glad to, but what should i do with my money?
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Old January 26th, 2008, 12:35 PM   #16
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Originally Posted by BWAL09 View Post
i'd be glad to, but what should i do with my money?
Buy RC roses for rocking your world
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Would've liked a direct ass end shot.
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Old January 26th, 2008, 12:48 PM   #17
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Old January 26th, 2008, 12:52 PM   #18
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Would've liked a direct ass end shot.
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Old January 26th, 2008, 01:38 PM   #19
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then you'd be the quarterback for the cowboys
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Old January 26th, 2008, 01:40 PM   #20
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