So you have $1000 to invest and are looking for tips? Here we look at three excellent ideas that will bring great returns for your investment.
Low priced stocks
Among the best recommendations is to invest in low priced stocks. These can be shares in companies that are low valued, and with shares at just a few dollars, the risks are lower while the gains may well be great. Investigate the market – technology can be a great investment opportunity, particularly where relevant to the fast growing mobile phone market – , take advice and tips from the many online sites that provide such services, and take a plunge with your $1000 – it may be the best investment you ever make.
Buying gold is perennially recommended, as the precious metal is among the best performing commodities across the world in both long and short term investments. The popularity of gold never wanes, and its value often remains stable when other commodities perform badly.
Trading in foreign currency may seem complex, but with many websites offering tuition and practice accounts, giving the new investor the chance to try before committing, getting the hang of it can be surprisingly easy. Once you get the hang of it, buying and selling currencies can be lucrative, and with research and care can be a lucrative investment for $1000.
One thousand dollars can go a long way if invested correctly and carefully, and the three options above offer different ways of growing your initial investment over different timescales.