Residual Income

study a “unique” and old/new area.
New in that few people study it
and old in that it has been around
for 60 yrs; each state’s counties
have EITHER foreclosure sales
of properties whose owners have not
paid their property tax for 3 yrs.
In other states [like AZ] they have
instead, tax certificate sales.

These are risk free if you do your
home work and in each state
there are some properties whose
taxes are no more than $900 total
dollars with penalties included.

I can guide you for free [no
tapes/junk to buy]

By kemperk on Jul 10, 2008

The Vanguard Star mutual fund only requires $1,000 to invest in. check for more info and how to avoid their account maintenance fees. Its a good “starter” fund if you don’t need the money for at least 10 years. If you want the money for school, a car or anything within a few years, it better to put it into a bank, CD account.

By gosh137 on Jul 10, 2008

First of all, forget the residual income. Any reliable “income” oriented investment will yield only abouot $50 - $60 per year on that amount. Considering that you’re 18 you need to be concentrating on college financing or some kind of post-High School education. Without it you’ll get nearly nowhere in life speaking in financial and employment terms. If you still insist on investing the $1000, put it somewhere you’ll never be able to get your hands on without major penalties, a Roth IRA would be a great place to start. In a great “growth” mutual fund you would easily see that $1,000 grow to $500,000 or more before retirement if you can dicipline yourself to leave the money invested. If this money is something you’ll need in the near future investing isn’t an option but a good 6 month CD might be. Don’t consider something entirely “risky” as an investment. All you’ll earn is a bad taste in your mouth for investing. Vegas is a better option than something with a lot of risk attached to it. Gamble with the money someday after you’ve finished your education, gotten a good job with good benefits, bought a home, have adequate insurance, maxed out your retirement plans and then “GO FOR IT”! Many who do not take life that way (speaking in terms of first things first financially) wind up either dead or dead broke when they get older and that, my friend, is the majority of Americans.

I read the answer above about foreclosure properties. Trust me when I tell you that a broker is not an investment advisor and his statement of being “risk free” is against the law to put that way in every State. Real Estate has the same kinds of risks as any other good investment. You cannot get into real estate with $1,000 unless you invest in a good REIT (Real Estate Investment Trust). They actually represent a good long term growth investment if you do your homework and pick a good one. Too many people followed a broker’s advice and got into their own real estate with $1,000 or less and that’s the kind of advice that got us into this “sub-prime” mess today.

By westwindsraider on Jul 13, 2008

Try something like the ING Orange Account widely advertised online. It can be established in about five minutes, assuming you have a checking account. They have no minimum deposit requirement and you make no commitment as to how long you will leave the money on deposit. But once it is set up, make it a habit to contribute to it in some regular way, maybe $10 or $20 per week. You will be amazed, if you stick with it, how the value of the account grows.
For now, you don’t want stocks or bonds and can’t afford real estate. Collectibles and commodities take specialized knowledge. So an interest-paying deposit account, one that you will add to regularly, is your best and also safest investment. (In my opinon, of course.)

By sirguychan on Jul 14, 2008

You are somewhat limited in your options with only $1000, however, one of the best options available, in my opinion, is available.

You should consider a DRIP Plan as one of your options.

They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP’s are one of
the best strategies on Wall Street.

They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.

Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.

These long-term plans are great for beginners as well as veterans. Check them out.

Best of Luck

By Don on Jul 17, 2008

Hi, I would either decide whether to invest into a term savings that will accumulate interest over time, or find a legitimate opportunity that allows you to get the residual income that you desire. There are many opportunities out there, some are scams and just want to take your money, but there really good ones, I personally looked until I found the right one for me.

By Rebecca K on Jul 19, 2008

what is up with that guy talking about investing in foreclosures with 1k????

Anyway. If you want to experience and learn your hand at investing the right way. Don’t get tied up in a 401k or anything like that.

I’d recommend that you’d invest in a high yield mutual fund - there are a lot that are yielding nice right now since a lot of them have been oversold. One that’s preferrably trading at a discount to it’s NAV.

Or: Invest in a canadian OIL trust like PVX or HTE
HTE is yielding about 15% right now.

There isn’t much that you can do with 1k in equities(common stock) unless you invest it in a penny stock, even then you have to realize it is extremely speculative.

The general public feels that they can conquer this market and make gobs of money. In reality only a few really can percentage wise. It takes a lot more than people realize. And online brokerages love that.

On the other hand you don’t seem like you’d be able to afford an investment specialist. One thing you have to comprehend is that the more equity you have the more opportunity to make money in the market you also have
If you need help let me know. you can contact me at my temporary address:

By young j on Jul 19, 2008