How to invest $1200?

[Cash]

Or give it to me, I'll take it to the poker tables, triple your money, and take a 10% cut.

Are you talking online poker?

Why not spend that time tripling your own cash? Thought so.

 

[Giovanni Casanova]

Are you talking online poker?

Why not spend that time tripling your own cash? Thought so.

No, I'm talking about a real casino in Vegas.

 

[TooColdUlrick]

just buy 40 shares of Microsoft and forget about it. M$FT has dominated nearly everything they've went after. it's a high growth utility company, if that makes any sense.

 

[Gaucho]

Equinox Minerals Limited (EQN) on the ASX. High risk/high reward.

Though, may not want to take a long-term position on copper.

This company has gone up 1000% in the past 2 years. Production expected to take place by first half 2008, with EPS of 91c per share (current share price 3.74) by 2009. Uranium also a big possibility and likely production area in the future, as much is found in the Zambian copperbelt.

Volatility depends on the Chinese economy, which only recently experienced a copper shortage, pushing up price. Copper demand in China is expected to increase by 6.5% in the next year. India is also in high demand, and the recent US housing market "crisis" did not affect copper demand to the extent expected. I have valued the company at nearly double what its trading at, based on current spot prices.

GOLDMAN SACHS JB WERE agreed with me.

 

[aBAzLLnA]

$1200 really isn't a lot to invest in and those who said you could make it in a week are true. Great mindset though, but until you get a job and some more money to play with $10,000+, just have fun with it... sparingly of course.

 

[Bible_Belt]

If you live in the US, open a Roth IRA account. The IRA is just the tax umbrella, where you invest the money is up to you. Most investment advisors would say to park the money in an index fund that tracks the overall stock market, because expense fees are very low.

Roth IRA contributions are made with after-tax earnings, but accumulation and withdrawals upon retirement are tax-free. US residents should max out their Roth contribution every year.

 

[Cash]

Invest in yourself first.

Investment education books etc.

 

[TheMainMan]

Invest the first 20euros in the following book-

The Intelligent Investor by Benjamin Graham.

It is the bible of 'value investing' and the only investment technique worth following. Forget growth shares, value is where its at.

Just wish it hadn't taken me until 28 to work this out.