Billclintn

Does anybody know where I can put my money (roughly $600, not alot but its savings that that I really do not need) into some sort of invesment. Looking at short term and easily able to liquify

Incubus

Stocks. There is an "official let's make money off of stocks thread" I haven't looked at it, though it would be a good start.
I'm not sure; maybe $600 is not enough money.

EvoVII

https://www.s2ki.com/forums/showthread.php?...threadid=120990

Refer to this if you are interested in stocks ("official let's make money off of stocks thread") lots of good opinions and expertise, but nothing is set in stone, it's also a big risk... There is no such thing as easy money...

Lee355

I've lost all confidence in the American economy already... For the next decade or two I'm just going to save capital like a madman to invest in China when the time is right.

RiceBurnerTX

You really don't wanna do stocks for short-term with a relatively small amount of money in my opinion. The idea behind a good stock portfolio is diversification which you really can't get with $600. Not only that, if this is for short term, even if you do make a little money on stocks, the capital gains taxes you'll have to pay will make it almost worthless due to the heavy penalties the goverment has put on short-term or "day trading" investments. I would put it in a money market which you can take out at any time. While they only yield a little more then savings accounts, it's safer then stocks and easy to liquidate. If you don't mind commiting the money for 6 months or so, you could also look into CDs which yield a slightly higher return, but you are locked in for the maturity period or you'll end up paying penalties. That's my opinion anyways.

jeffbrig

Do yourself a favor, and look into opening a stock account with a discount brokerage that doesn't charge a monthly fee. Add to it over time, you'll be pleased with the long-term result. Since it would be hard to diversity with only $600 (comissions would kill you), just plunk the $600 into an index fund and ride the recovery. The overall market will likely improve as people get over their market fears and start plugging money back in.

However, if you're really looking for short term and liquidity, your savings account or a money market account won't give you any significant gains, but that's about your only option.

EVAN_In_A_SPA

Loan it out to someone that really needs money. Then charge them 20% weekly on the remaining balance retroactive to day 1 of the loan..

lehoema

www.sharebuilder.com. $4 per transaction, no minimum, no fees. I've dropped $600 myself.

PeaceLove&S2K

I don't know what you mean by short term, but if it's less than a few years, I wouldn't put the money in stocks. That's too risky.

Considering you want to be able to liquify your investment quickly, I'd say put it in a savings account.

If you know for sure that you won't be touching the money for 6 months to a year, perhaps you could look at CDs (though some savings account yield better returns than 6 month CDs).