it is great to see that you are looking for alternative investments. A CD is very safe, however in exchange you will receive a very low yield. If you're lucky MAYBE the CD will pay 1% and even then you are locked in and cant touch that money without being hit with a fee.
$2,000 is not quite enough money to go out on the market alone and invest in a few different stocks, but what you can do is purchase shares of a mutual fund.
The advantage of buying into a mutual fund is that because they collect money from many investors, they can purchase many different types of stock and become diversified. By diversifying their portfolio, they remove some risk that an individual investor might normally have by owning just a few stocks.
There are all types of mutual funds, ones that invest in stocks and some that invest in bonds. You need to determine which is right for you. To do so the first thing you need to know is how long do you want this money invested and will you need this money in the near future? If you need this money soon and can't afford to lose it, then you need a safe investment such as government bonds or AAA rated corporate bond Funds. If however you have more time, say 5 or 10 years, then you can afford to take on a little more risk and invest in a stock mutual fund. What great also is that if you want, you could put $1000 in a bond fund and the other $1000 in a stock fund, this method gives you steady income from the bonds, but also an opportunity for growth from the stocks.
I know i just threw a TON of information at you all at once and I know that it is a hard thing to grasp right away, so if you would like, feel free to send me an email with any questions you might have and I would be happy to help you out. Peace and good Luck!
If you don't have 6 months living expenses set aside, just put the money in a bank product, and have the money set aside for your emergency fund. Got to http://www.checkingfinder.com for the best interest rates in your area.
If you have an emergency fund setup already place the money in a retirement account that goes up when the stock market goes up, and breaks even when the stock market goes down. That way you never lose money. And at retirement you'll have a tax-free income stream for life. Contact me for more details. http://www.trevisbonnett.com
Lastly- if you have a very aggressive risk tolerance, invest in silver call options, expiring in 9 months are beyond. SLV is the symbol. Silver is poised to move higher as the dollar devalues.
I could suggest, invest it with young people who need money to develop an Idea. Or go into peer to peer lending. many young people need money but cannot get it from banks. Support your peers and make a fixed agreement to get an interest out of it.
But to do that make show you do some research into the ideas they want to launch or look on the internet for peer to peer lending.
Maybe browsing some financial sites or getting some investment magazines will allow you to gain some knowledge about the stock market. Stocks offer a chance of a higher return of investment than a CD but involve more risk.
be steady, and let your funds grow
what if your money make you 1 - 10% or 10% to 200% per month
with no risk at all,what if you dont need to work and just enjoy life
what if you can watch your wealth growing while you are having fun
visit
www.myfxfunds.com
www.hsfxasset.com
www.hgnfx.com
forexearocks.yolasite.com
How much you can make is dependent on the risk you are willing to take. From your question I assume you do not want to lose money. The URL below has some ideas for making money outside the stock market.
If you have an income, open a roth ira at a bank or investment firm(edward Jones or some place like that) and invest in a growth mutual funds and let in grow .
With such a small amount , a suggestion just buy bank shares,beside the dividends there are other benefits which you will have because you are a share holder with a bank
what do you know about cocaine?
You should try livetradingdemo.com