I have about $5,000 lying around and need to do something with it.
I guess I could use it for car parts... or I could make some money on it.

Any ideas for short-term investments?
Maybe just put it in a stock portfolio?

Thanks!

 

How short is short? What's your time limit on the investment? Then maybe we can help you out

 

I don't know, I guess I want the money to be free relatively quick when I want it.

I figure stocks (stock portfolio or fund) is the best idea... then again, this is why i'm asking for advice

 

If you are looking for liquidity(sp?) you might want to look into a money market fund. Relatively low risk and you might be able to get around 5% That would be safer for the short-term than putting your money into stocks. You can start here http://www.vangaurd.com there are many other places where you can get a money market fund, this was just easiest for me to find real quick! Good luck, I am sure others with much more experience than me will chime in

 

take a look at apple stocks (aapl). it has been going up like crazy the past few weeks due to the anticipation of the iphone release. I bought it 2 weeks ago at $103 and now its $121.

 

From what you describe, I'd put it in the Money Market. Open an ING account or something like it.

 

What kind of rates are people getting on MMAs right now? In the past I've always been able to get a better rate with a high yield savings account. It's not too difficult to find 5%+ right now.

 

Not really sure if it's the right time to buy apple now... who know's what's going to happen. I should have bought it at $90 a few months back

I dunno... I might buy right after a stock split... I think one might be coming.


MMAs w/ 5% might be a good idea.

How about stocks? Some growth fund maybe?

 

Any reason to think AAPL will split?

I'd rather buy car parts than get 5%.

 

I dunno, tech company, fast growing, wants to keep growing - need to raise capital.
I don't know what their capital structure is like, but I doubt they finance much through debt.

Any advice on AAPL? Should I hop on that boat now, or wait?