Financial Advice for teen (1 Viewer)

[Van Patton]

Hi, I currently have about $1000.00 that I "have no need for". I'm currently in college and would like a way to make some interest or profit from this. What is the best thing I can do with a thousand dollars? Buy a CD, bond, mutual fund? Thanks guys.

 

[Kevin T]

hmmmm...last time i checked, the rates on cd were so low they hardly seemed worth investing in. i would suggest a bond or a mutual fund. of course, $1000 in college sure does buy a lot of booze and drugs. party!!!!

kevin t

 

[Eric_L]

What year in college? If you are near graduation you may want to consider investing in an interview suit...

Or you could invest in a girlfriend...

The real question would be, how soon will you need the money for something?

 

[ken thompson]

Just put it in a savings account. No need to get fancy with just $1K.