What Is the Most Financially Profitable Way of Investing $5,000?
March 3, 2004 6:19 PM Subscribe
What is the best thing to do with a small amount of money, around $5,000? Savings interest is almost a joke, CDs look attractive or maybe even mutual funds. Preferably the safer the better, as in investing it all in a high-risk mutual fund and losing it would make me cry. I've checked out "Investment FAQ
" and it seems as if CDs are the best. I know little about investing but making money doing nothing intrigues me. What would be an expected return on such an investment? Is it even worth locking the money up for something like $10 a month?
posted by geoff. to Work & Money (19 answers total) 2 users marked this as a favorite
This is just out of curiosity really. If I was really serious about this I'd be talking to a paid professional. I was just seeing if $5,000 was really enough to invest in or was it more of a "ha ha ha, investing is only for RICH people". All advice given will be seen as for educational purposes only.