<p>Hey,</p>
<p>I have a moderate amount of money ive saved up from working (~1k) and wanted to invest it in a CD....I was wondering if you guys had any recommendations as to what to invest in, things you have invested in, etc.</p>
<p>Thanks</p>
<p>To be honest with that amount of money investing in a CD isn’t worth it. Stocks are better right now if you’re willing to take the risk and do all of your homework on what you pick. Everything is cheap. Housing will also reach a bottom soon.</p>
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<p>lol, I believe the bottom has been reached in the housing market. I’d still be wary of REITS at the moment.</p>
<p>If you know what you’re doing and can take a disciplined approach with investing in the stock market, go for it (be prepared to read some 10k’s). Diversify and please don’t go after penny stocks…especially with initial investments, it’s more imperative to invest in an established company with a good story behind it whose gonna earn you money. It may not be fast money, but your portfolio will grow.</p>
<p>If you’re OK with the interest rate and duration of a particular CD, however, then go for it. Most college kids don’t usually go for CD’s because you can’t pull your money out when you need it (although with any investing you should count on your money being un-spendable in the long term).</p>
<p>What if I don’t know what I’m doing? Then what? Is there a way to learn what I’m doing?</p>
<p>Start learning the basics at fool.com</p>