What's a good way to invest money?

United States
February 7, 2007 12:36pm CST
I'm gonna be getting about a grand in tax return this year. Last year I used the money little by little in things I needed, (and things I don't :() Ended up staying with nothing. Does anybody have any ideas in how I can use this money and invest it!?
2 people like this
2 responses
mic123
@mic123 (204)
• India
9 Feb 07
hi Chica. My best advice to you would be to invest your money in mutual funds or in insurance companies where they give you the maximum return for your investment. Michael
1 person likes this
ChicaPerica
@ChicaPerica (38)
• United States
9 Feb 07
Hey thanks! I was told by a friend that maybe putting it into a CD might help, but I heard its about 5% gain on your money.. not all that...but mutual fund, I'll check it out! Thanks again :o)
1 person likes this
cowgirl2701
@cowgirl2701 (2079)
• United States
7 Feb 07
I was a single mother so I always used some of my tax return to buy my kids clothes. I also would buy something like a new stove, washer, dryer or ect.. If you want to invest you could buy savings bonds or start an IRA. You could also go to an investment site like http://www.sharebuilder.com I like this site it is easy to use and affordable. I have an account there.
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ChicaPerica
@ChicaPerica (38)
• United States
7 Feb 07
Thank you! Its weird, the older I get, the more worried and concerned I am for my future. So I wanna do something different this time with my money, and actually conserve it. I will look into sharebuilder. I heard about that site but totally forgot about. Thanks for the help!
1 person likes this