Investment for this Dummy.
August 21, 2010 12:55 PM Subscribe
I have $1000 to invest and I'd like to do it wisely. One problem: I have never invested any amount of money in anything. Ever. Where should I start?
posted by Kitteh to Work & Money (21 answers total) 49 users marked this as a favorite
My husband recently came into a small inheritance from his grandmother a few months ago. I had the keen idea for each of us to take a $1000 each and invest in stocks or what have you. (He readily agreed to it because we've already paid off all our debt with the rest.)
Only there's a problem. I have no idea what to do with my thousand bucks. Reading about stocks, investments, etc., online only confuses me further.
What I am looking for, ideally: how to purchase stock for a company, something with not immediate payout, but something I won't have to wait 20 years to see results on.
Am I pipe dreaming? Am I mad? I think, mostly, I am just bewildered, naive and uninformed.