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I am 18 years old and heading for university in the fall. I got $1000 from my parents as a congratulations gift. I looked at my situation and I don’t think I need this money for anything.
My tuition is pretty much covered by scholarships and I am with my parents for health insurance. I have spare change saved up over the years for living expenses.
Is there a way to do some small investments that is not too risky? I looked at ING’s sharebuilder and am considering it.
Thanks for reading.
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2 Responses
Reena
February 8th, 2010 at 10:08 am
1A $1000 isn’t a lot of money… the best thing you can do with it is put it in a one year CD with an FDIC insured bank or credit union.
rklst9pi
February 8th, 2010 at 4:53 pm
2It’s not really enough money to buy stocks. It’s probably best to put it in a mutual fund or money market, depending on how much risk you’re willing to take.
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