Investment Schemes for the CRAZY college student....

In itself, $500 isn't enough to do much. It could be the beginning of something (say, if you wanted to start socking money away into an IRA). But that's assuming you were going to continue to regularly feed $500 into the fund. And it certainly is a good idea to start saving as early as you can.

You'd probably be able to make a more educated decision in placing it as a bet on a Rockets game than if you bought a stock with it.

 

OR get a job like every other college student

 

well in that case than save up the $500 and invest when you have more, i dont think you can go very far with $500 unless you invest in stocks with a company thats just starting....but hey its your money.

 

With $500 your best bet is some kind of higher yield liquid products, ala ING Direct. It is returning 3.50% annually. If you aren't going to touch it for a few years, you can probably do better than the 3.50% in some short-term CD's, which you roll (since rates are probably going up some more).

On the other hand, if you are willing to lose the $500, just find some risky cheap stock out there with potential for astronomical growth (or potential for bankruptcy) and throw it all in.

 

So, after your first year of not touching the $500, you get... $17.50 (if it's accrued annually).

That's what I mean when I say that $500 isn't really enough. The only way it could be grown quickly would be to place it into a high-risk investment like a stock OR gamble it.

And, again, unless you're a day-trading guru, you can probably make a more educated decision on a Rockets game than you can on a high-risk stock.

 

You can open an online borkerages account and buy potential hit stock there. You can make good return if you know how to invest in stock market.

 

That's $17.50 free money...3.50%. It is what it is. As with everything, its a risk/reward decision.

 

Young man, that $500 is equal to 25 lap dances.

 

i think you can get like 10 kegs of natty light and throw a party. or you can let your money grow and have that 500 become 520 a couple years from now.

 

Just make an educated bet on the point spread of a football game. I see so many games where the spreads are just easy money. Once I get some more cashflow I am going to get more involved in betting on spreads.

 

There's no easy money when betting against the spread.

You're going to lose your azz with that attitude

 

Why do people always go for the home run when it comes to investing? I started investing at 15-17 years of age and the only time I ever went for the fences was during the dot com and telecom booms. Otherwise I'm content getting "average returns". Consider the $500 the start to a much larger portfolio. Buy whatever shares you can of whatever stock you think is good. Then keep dollar cost averaging into that stock or buy other stocks after you regularly fund that account. It will grow... it may take time, but it will grow. But if you keep looking to swing for the fences... you'll probably strike out with that small amount.

 

I can guarantee you a 100% return on your investment in less than 2 months. It's the perfect investment for a college student like yourself.

Go buy one of these on November 22.



You may have to stand in line for a little bit, but you'll spend about $400 and you can turn around and sell it on Ebay a couple of weeks before X-mas for $800-$1000. That will be 50 lap dances, in the champagne room.

 

Notre Dame -23.5 against Navy. You can double your $500 over the weekend.

http://www.sportsbook.com/sportsbook/lines_fbc.html

 

cowboys +2.5 v eagles
texas -33 and the over 55.5 v kansas
texas tech -23.5 v OSU

 

I want to ask the same question. I'm an eco minor, and I want to have a little tastes in stock market. I have about 500-1000 to invest, anyone good advice?

 

Actually, that's not that bad of an idea. Although it sucks that you'd be buying a console just to sell it, while someone else who actually wanted it may not get one. I'm not sure exactly how much you'd get for it after it starts selling out (depends on which rumors are true), but it should be more than you paid for it.