how would you invest $1000 for maximum return ? ? ?
How Would You Invest $1000?
onlyletters on 21/04/2016 - 12:38
Comments
- 1
- 2
Your loss not mine.
As it's not really enough to do anything else with and assuming you have a job that pays over $1k/month:
- Open an ING Direct Orange Everyday bank account
- Get your job's money directly deposited into this account
- Use this account as your main bank/ATM account going forward
- Open an ING Direct Savings Maximiser
- Deposit the $1,000 in the ING Direct Savings Maximiser. Because of the Everyday account this will get 3.5% interest.
- If you want to set up a good plan for the future set up an automatic amount to go from the Orange to the Maximiser the day after your work pay comes in. A bare minimum of $50/month but push it as high as possible.
- Also if your job has this option make sure you're using your Super properly. Many jobs will have a Super matching policy - use this to it's maximum effect. Ask what the maximum matching you can get out of your Super is and use it, it's basically free money.
Three words for you:- Super. Annu. Ation.
You'll see when you retire how you made a killing. 😁
Aka super nut uation
Super nu trition
Id be buyin food with that cash
that's if I live to that age
Pokies.
thanks I just spent 1000 and won 500
Do you have a mortgage???
no
No worries, that's usually my first investment port of call for extra cash.
In that case, I'd just put it into bonus saver type account with the best interest you can muster & start adding to it.
Invest in the shares of a casino. ASX:SKC for example. The world is full of people ignorant of mathematics or who think they're 'special' and can beat basic concepts like probability. Owning shares in a casino is the only way to make money in one.
Or get a job in one. The Adelaide Casino is the 10th largest employer in South Australia! [citation needed]
Doesn't surprise me, I think the only other kind of job in SA is hairdresser.
I like the way you think
Buy Bitcoins
HODL for now then SELL end of the year (after the bitcoin halving event).
Maximum risk. Maximum returns.
lol maximum risk.. drink Pepsi maximum
Invest in XPED (ASX:XPE) biggest thing in 2-3 years time. Already signing with Intel and waiting for announcements with top chip makers…. I was in since 1.9 cents (waiting till it reaches $1 to sell out) ;)
how will they differentiate themselves from Google's nest?
XPED's ADRC technology allows integration into chips (via cooperation with chipmakers) once done, all products will be compatible with ADRC technology (from Samsung tv - speakers - washing machines lighting - security etc) Over the past year they have released announcements that they are with talks with 2 of the largest chip makers. If their tech can be integrated into such a fundamental piece in all techs then it would be integrated in all devices (billions). Obviously Do your own research before you invest. Here's a Facebook group that is dedicated to xped. If u have any q's ask there: https://www.facebook.com/groups/546557268837152/
So did you take my word and jumped in? It's trading at 8 cents now (100% up) ;)
I've been pretty busy and travelling so haven't really been following the market much but I'll put it on my watch list now. I'll let you know if I bite
All good. Never been the one to try catch the train I've missed and do myself a mischief in the process ;)
It hit 11c today!
1.9c??? Craziness.
$1000 in hardly worth investing just go to the casino with it
1000 only? i spend 1k almost every friday night
Leveraged Netflix shorts. Not the kind you wear ;)
Explain!
Explain what exactly? I'm saying to short Netflix stock.
LOL, I have a mental image of you walking down the street speaking into a TV remote control yelling "sell, sell, sell!" :P
Yeah I know
Why!
education or starting a business.
too low an amount to get a decent return so need to take large risks :)
Put it in your Super
Whatever rate your tax is at 20% or 45% money in super is tax free up to a limit of $25 or $30K per year
so you make that much instantly and the fund then will invest it for your in whatever you choose
long term yes but best bang and least risk
my 2cCharity for Hereafter.
Invest in an exchange traded fund (etf) such as iShares.
So eXtremist, have you made a decision?
In general I suggest you make a choice and move forward with it. Having an investment (and hopefully actively growing that investment) is always a good idea. If you sit around contemplating what to do and end up doing nothing you'll end up regretting it.
Start a small business. Web based. Or market stall. Second hand coffee machine- you don't need a food licence for coffee. Get creative. Started my first small business at age of 17. It's no quick turn but 15 years and a few decent flops later I'm now making good money.
How would you invest 1 million?
Eneloops
Pretty sure Warren Buffett would give the same answer…
A thousand isn't much, life is short, blow it and enjoy life…
Totally agree :)
Depends how long it takes you to save that thousand. For a lot of people it takes ages. Best save it for a rainy day.
Buy something nice for your parents. I believe they have spent many thousands on you 'as investment' for your better future.
Good idea, use the money to go out to a few places, have a good feed etc…
$1000 worth of eneloops.
blue horseshoe loves anacott steel
Stuff it in your mattress, that's what smart people do. Everyone is trying to con you out of your money.
I would decide how you want to build wealth longer term and put the money towards it. E.g high interest savings if building up deposit for a house, or shares (despite brokerage) if you want to build up a stock portfolio. Getting started is the hardest - you won't be happy if you waste it
- 1
- 2
Huh that's not a profit that's a loss.
In order for a profit to occur he has to recieve the original amount back :p