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what is the best way to invest 15-20 thousand....?

for a short term like 1-10 years

8 Answers

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  • 1 decade ago
    Favorite Answer

    First decide how much for how long. there is a huge difference between 1 year and 10.

    Best is to see a local "fee only" financial advisor, and spend $100 for an hour or two of time.

    < 3 years should be cash investments (CD, money market) giving about 5%.

    5 year range depends on what you need if for and if you can cover a potential loss in value.

    10 years, a diversified stock or stock index fund (S&P 500) is appropriate.

    If you don't understand the terms, get an advisor, or keep it in cash at 5% until you do.

  • 1 decade ago

    Short term investing basically involves not losing the money, rather than making money. For safe investments that won't make you a lot of money, think about a bank or credit union certificate of deposit, U.S. Treasury notes, money market funds or an online bank account that pays competitive interest rates. The webpage listed below provides more information.

    If you're looking for short term investments that could make significant amounts of money, understand that anything that's available could lose significant amounts of money. Risk and reward go hand-in-hand. If your money is going to be used fairly soon, such as for college tuition or a downpayment on a house, don't risk it in the stock markets or other potential volatile investments.

  • 1 decade ago

    Start by opening up a money market account and then dollar cost average invest your funds into either front end mutual funds or stock investments through a online stock broker (i.e.,Sharebuilder or Scotrade).

    If you dollar cost average (invest the same amount every month, quarter or year) and reinvest any dividends you will build a diversified portfolio and have lessend your investment risk.

    Source(s): Personal experience plus worked as a registered rep for four years with a Series 6 & 63 securities license through a NASD broker/dealer.
  • Anonymous
    1 decade ago

    Open a brokerage account at Zecco and invest in Sony, Microsoft, Nintendo, Apple, Microsoft, Disney, Viacom, Ebay, Amazon, Electronic Arts, Activision, Ubisoft, Take Two, THQI, Konami and Yahoo!

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  • 1 decade ago

    For a goal 2 years away or less, use a money market account.

    For a goal about 3 - 7 years away, use a mutual bond fund.

    For a goal about 8 years or longer away, use a balanced mutual fund containing both stocks and bonds.

  • 1 decade ago

    if you will not need it, try 4 or 5 stocks. Ford is one I like long term, never done anything but good with HD. Mining and mineral extraction is good. Save some in CD's

  • 1 decade ago

    Buy stock in Apple, Inc.!! Bought some when it was $44; just bought another batch two weeks ago at $113. Today it closed at $122.67US!

  • Anonymous
    1 decade ago

    see a financial advisor.

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