I have some money saved up ($4000), I just wanna get some ideas on what kind of investment I should make and just let the interest grow. I don't wanna really go into the stock market because thats too risky and I'm not looking to lose my money, I rather wait till I have a real job and I don't have to worry about losing 4000. My parents told me to buy some kind of land and keep paying every month until the land is big enough, but I dunno, is this a good idea?

Just looking for some ideas...

 

Rule of investing #1.
Don't invest money you can't live without. If you can't risk losing at all or part of it then hold on to it.

 

how about one of those funds with low interest. i forget what they are called.

its a small payback, but you cant lose.

 

maybe a mutual fund? kinda risky because they involve stocks, but if they're managed right they usually have an ok average return rate...and are you talking about a CD? you'll get dick**** out of those.

 

Go with an ING orange savings account. They are paying more than what most mutual funds are paying now. Actually, most mutual funds are in the red right now. My brother is a mutual fund broker, and he has alot of his money that he pulled out of the market in there, with the market being how it is. Its not a great return, only 2.75, but its better than any of your local banks, plus, its FDIC insured. I also have a couple grand in there.

http://home.ingdirect.com

 

if you put lots into etrade money market i blieve you can get 5% back

 

Thats true. I would invest into a money market fund or something. You might as well buy into the market now when it is low and catch the ride on the way up. If I had 4 G's thats what I'd personally do.

 

dont put all your eggs in one basket. I'd ut a g in savings, a g in cd, a g in mutual funds, a g in stocks. Actually, 2gs in cds, none in stocks.

 

i guess this means you accept "your stupidity", as Supra would say. i think its better if you wait to see if you really want to hook up your car before you actually do. im not saying this personally to you, but just in general. my corolla is a piece of crap and i dont intend to drive it for the rest of my life, so that is why i havent hooked up my car. its good though that you found a more productive way to use money in the sense that you can get more money than you start out with if you play the cards right.

 

pharmaceuticals are good to invest in if you want to be a risky investor..