Residual Income

you wont be able to make 60% a year like you want to. 500 a month is not gonna happen, especially low risk. plus it will cost more than 5000 to startup a business. sorry to break the news to you

By vandelay industries on Aug 6, 2009

You may take a look at this site with countless Youtube videos about investing and investments:

or at this one with all YahooAnswers about Investing in once space at for finding a solution.
Good for getting your feet wet with only 1000 $ is

By Jo on Aug 9, 2009

Invest in a book about investing. You’ll be far better off than asking for financial advise from random strangers.

By Chriszuma on Aug 10, 2009

Ummm - do you mean $500/month income from your business? Because if you are 18, and you are investing $10,000, you shouldn’t even be thinking of income off of it. You should be in an aggressive mutual fund and be reinvesting the dividends for 40 years or so. I can provide the names of several good mutual funds.

By Oldwhiteguy2earth on Aug 11, 2009

I’m a 17 year old in a very similar situation and I’m looking to invest. It just so happens that I’ve spend the last couple days reading business week, on company websites, forbes, fool.com, and google finance so it is all fresh in my mind.

Unfortunately, this year isn’t going to be the greatest for investment but if you do your research you can find some good picks. That kind of return with little risk is what EVERYONE wants but few get. Make sure you do your research before buying anything.

I recommend the technology sector and companies with a good international presence. Tech companies are supposed to soar this year, and keep it international because the U.S. economy is not gonna be that good this year… Growth outside the U.S. will be far superior to internal growth. Look at health care companies and other industries that don’t get influenced by the economy… consumer products GENERALLY won’t do as well this year. And stay away from the housing market.

Good luck! Make sure you look at a company’s information thoroughly before buying stock in it.

By Joe S on Aug 14, 2009

The absolute best you could to to get high residual income is buy a stock called HTE. Its paying 17% in dividends per the stock price right now, but the last few days the price has gone up about 10% and its expected to go up about another 40 to 50% this year. So with 10k, that would give you a residual income of about 130 dollars per month. You could up that to 260 dollars if you used margin to buy twice as much stock, but you will pay 9.5% interest on that borrowed money so in reality you would only be getting maybe 200. Thats about the safest thing I would recommend for the high return. Another option would be to trade commodities, but thats really high risk, but i have heard of people turning 10k into 1 million within 1 year. (sometimes really rich traders will open second accounts starting with 10k to attempt to do this just for show and bragging rights)

By peilthetraveler on Aug 15, 2009

pick 15 stem cell related stocks and let ‘em ride.

By eaglesonaperch on Aug 17, 2009

Ready to invest, you need to start slowly you are getting off to a good start because you are starting so young but you want to be careful. There’s no need to put it all in the market in one day. You can start a brokerage account and find a mutual fund, or you can pick stocks yourself. some sites, like offer model portfolios, you can trade right along with their stock picks and expect the same returns, I always suggest listening to the folks that know the most. They tell you whats going on in the market and which stocks to buy.

By thewallstreethunter on Aug 17, 2009

You need to invest some time in learning a thing or two.

By Fisher on Aug 19, 2009

ShadowD,

Wow, I took a minute and looked at your answers, and people were pretty negative towards you.

To be honest, I’m pretty proud of you for wanting to invest your cash. (Even though I’m a perfect stranger!)

If I were you, I’d invest it in some “vending machines” online.

For instance, take a look at this website:

This is what’s called an AdSense website. This website is currently up for bid for $10 on eBay.

Basically, someone buys this website, and makes money each time someone clicks on their links. It’s pretty simple.

If you bought this website, and attracted people to it, you could be making like $15 a day.

If you bought 10 websites like this, and attracted people to it, you could be making like $150 a day x 7 = $1050 a week.

How do I know all of this?

I teach people how to do it
Anyways, good luck!

Don’t spend $5000 all in one place!!!

-M

By Michelle H on Aug 21, 2009