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What to do with my money?
I'm under 16 and have 3k. I'm not sure where to put it. It's currently in a bank as my last CD expired. I dont need it for 2 years. Banks suck for interest so what's a good place to put it. Suggestions?
3 Answers
- David MLv 71 decade agoFavorite Answer
In today's environment you really don't have a lot of choices. I assume this is money to be used towards college. As the need is only two years away you really can't invest it in stocks or mutual funds as that is not a long enough period of time to ride the ups and downs. I suggest a bank or CD where you cn get the highest interest rate you can find. Good luck.
- ?Lv 61 decade ago
If you like to invest your money in the stock market, then you may want to invest your money in specific large-cap and medium-cap companies that you trust. Apple (Stock Symbol: AAPL) and Google (Stock Symbol: GOOG) are two such stocks where you can choose to invest your money.
Other stocks in which you can invest your money include:
Bank of America Corp
Stock Symbol: BAC
Microsoft Corporation
Stock Symbol: MSFT
Yahoo! Inc
Stock Symbol: YHOO
Wal-Mart Stores Inc.
Stock Symbol: WMT
Abercrombie & Fitch Co
Stock Symbol: ANF
Home Depot Inc
Stock Symbol: HD
GameStop Corp
Stock Symbol: GME
Ford Motor Co
Stock Symbol: F
AT&T Inc
Stock Symbol: ATT
Coca Cola Co
Stock Symbol: KO
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