investing money or ways to make money?

[crappieseeker]

Looking for some ideas for making some extra money. What kinds of ways have some of you made extra money besides cutting grass. What's a good way to invest small amounts of money like 1 thousand at a time? Have you done small stocks, if so which stocks are good? Is there a good financial planning company you have had success with? Have you made money online?

[DockShootinJack]

Using ones skillset is probably the most advantageous. Good at painting for expample paint houses, pressure washing services seem to be big around here this time of year. Handyman repair sevices work well. A lot of people these days lack the knowledge or desire to do there own small repairs. Maybe a hybrid approach would be best. Earn money doing something and invest the dividends. Along my skill set I have done electrical jobs, welded racks for trucks, built truck beds. Overtime at work also provides money at times. Met a medical professional recently that buys boats in winter and early spring when demand/ prices are low then sells them off in the spring when femand and prices are higher. Probably had 20 rigs sitting there to be sold. The sky is the limit if one has the desire. I like to invest in fishing tackle and hope I can get some memories, smiles, and a good meal in return.

As an afterthought probably one of the best investments that could be made is in education/skill. After all knowledge is power or so School house rock told us

[deathb4disco]

What's a good way to invest small amounts of money like 1 thousand at a time?

I suggest investing in an index stock fund with one of the major fund companies: Vanguard, Fidelity, Schwab or T. Rowe Price.

Most of these funds have a minimum initial investment amount of $1,000 - $3,000. After the initial investment, you can deposit whatever amount whenever you want to.

There are many index funds: large stocks, small stocks, foreign stocks, etc. For starters, I suggest a total stock market fund or an S&P 500 fund. (The S&P is up 15% this year and up 36% over this time last year. As they say, though, past performance does not guarantee future results.)

[deathb4disco]

FWIW, I would pay off ALL consumer debt (car loans, boat loans, credit cards, school loans) before investing in the stock market.

[icehouse]

I’m up 31.2 % this year with my broker. I have Roku, Shopify, Amazon, Apple, Tesla, Moderna, Pfizer and American Airlines, just to name a few! If I was going to invest a grand tomorrow, I would invest about $200 in some cannibus stocks and the rest in top tier tech stocks.


Sent from my iPhone using Crappie.com Fishing mobile app

[crappieseeker]

so is a total stock market fund or an S&P 500 fund an index stock fund or something different? Do the major fund companies do the S&P/

I suggest investing in an index stock fund with one of the major fund companies: Vanguard, Fidelity, Schwab or T. Rowe Price.

Most of these funds have a minimum initial investment amount of $1,000 - $3,000. After the initial investment, you can deposit whatever amount whenever you want to.

There are many index funds: large stocks, small stocks, foreign stocks, etc. For starters, I suggest a total stock market fund or an S&P 500 fund. (The S&P is up 15% this year and up 36% over this time last year. As they say, though, past performance does not guarantee future results.)

[crappieseeker]

I pay off my credit cards every month. I do not have any school loans, I do have a boat loan but might not keep the boat so I do not really want to pay it off early, because then I might want to buy something else lol. I do pay extra on my car loan. I have one small house paid for and pay a little extra monthly on the home I am living in.

FWIW, I would pay off ALL consumer debt (car loans, boat loans, credit cards, school loans) before investing in the stock market.

[crappieseeker]

Where do you find cannibus stocks and are those you mentioned like Amazon top tier tech stocks?

I’m up 31.2 % this year with my broker. I have Roku, Shopify, Amazon, Apple, Tesla, Moderna, Pfizer and American Airlines, just to name a few! If I was going to invest a grand tomorrow, I would invest about $200 in some cannibus stocks and the rest in top tier tech stocks.


Sent from my iPhone using Crappie.com Fishing mobile app

[deathb4disco]

so is a total stock market fund or an S&P 500 fund an index stock fund or something different?

They're index funds. The S&P 500 is 500 large US companies. When you invest in the S&P 500, you are buying a portion of each of the 500 companies.

The total stock index holds about 4,000 US stocks. When you invest in that, you are buying a portion of each of the 4,000 companies.

[deathb4disco]

Do the major fund companies do the S&P/

All of the companies I listed above sell a variety of index funds, including the S&P 500 and total market.