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I like bonds myself. That is if you buy them and hold until maturity.
But you need to learn all about bonds so you know what you are doing. If municipal bonds, some cities, counties, states are in dire financial trouble. They could default which means you could lose all your money. So you need to learn how to check the financials of the bond issuer (city -whatever) to see if they will be able to pay! Learn what the bond is for and if it is insured or backed by anything.
And corporate bonds can be good. But again you need to know how to check their financials to see if they are making money or not. If the company is losing money, how will they pay their bonds? A company can declare bankruptcy.
Anyway this is the loaning money business. But you are on the receiving end. A good thing!
But first read all about it. Many books on bonds are like reading the fine print at the bottom of a contract. They will quickly put you to sleep! A good book written in "English" is "The Bond Book" by Annette Thau - 3rd edition.
If you do a lot of work learning about and researching bonds, then you can do quite well (as in 7% a year).
Higher returns than that are of course more risky...
What are some recommendations for investing 2k?
Nothing too risky but something growth oriented.
Honestly, I would start a internet based e-commerce website. It would only take about $100. You could turn that into $10K/month passive income within 6-12 months.
Than you'll have something to work with.
$2k is enough to start a rainy day fund or keep in the bank.
If you consider $2,000 to be a "lot of money", it is very likely that you're living more or less payday-to-payday. In that case, I would strongly recommend that you just put it in a saving account or a sock drawer, against some event in which you need the money quickly. You'll want to be able to access it, rather than use a credit card to get through the end of the month, or worse, incur a late payment penalty, which would cost you more than you could possible earn by investing the money.
By all means, if you are currently paying any interest on a credit card balance, use it to pay that off.\
Quote:
Originally Posted by Ron.
Honestly, I would start a internet based e-commerce website. It would only take about $100. You could turn that into $10K/month passive income within 6-12 months.
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I think the OP would like some more details on exactly how that would work. So would I.
As soon as we all know how to carry out that simple investment, it would increase the national income by about $25-trillion a year by FY-2013, which would pretty well get us over the hump.
Last edited by jtur88; 01-17-2012 at 09:54 AM..
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