What’s the best way to invest 500 dollars for a quick high return?
What would you suggest is the best way to do this? I have 500 bucks I’d like to invest and see grow very well within a year.
A quick high return would be very high risk. Even so it is hard to pull much interest from $500 within a year. I would just drop it in to a savings account at say, www.hsbcdirect.com
It is an online savings account, FDIC insured paying back just over 5%. If you decide to go with stocks, you won’t have much time to look into them so you will have to look to an expert otherwise you will just decide it isn’t worth the time.
Expiring FDIC Insurance Update