Jul

30

What type of investment would give me the best return in 1-2 years on $2000?

July 30, 2010 | 3 Comments

I have $2000 that I will be using in a year or two but in the mean time I would like to invest it in something better than a 3% savings account. I am looking for something relatively safe (but willing to take a little gamble).

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Comments


3 Comments so far

  1. Robert on July 30, 2010 12:30 am

    Mutual Funds are the best.
    Also you can invest in Equity directly.

  2. Dom on July 30, 2010 12:43 am

    Relatively safe…….I like Bank of America. They have been beaten down and their price has been bouncing from $36 to $42 in this horrible recession. There was an article here that I can’t find where they said that the last 2 times a banking problem happened, the industry jumped 50% in the next 2 years. So if you buy in at $36, you will also get 7% return on your money in dividends. So in 2 years when you want to sell hopefully it is at $50.

    Don’t worry about the financial industry. Bank of America is the industry leader and will definately recover from these levels and have a miniscule chance of going lower than $35.

    I am biased. I put my retirement money into BAC when it was at $35 and so far I get my 7% in dividends and the stock price is up almost 9% since I bought it a month ago.

  3. MM on July 30, 2010 12:52 am

    I can trade your forex account with 2-5% risk and 20% per month profit.

    I do it automatically and manually.

    My automatic system is in here:

    http://automaticforextrading.blogspot.com

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