| When you are low on funds and want to turn $500 | | | | your money. |
| in to $1,000 or more, where is the best place to | | | | Where is the best place to invest money if I want to |
| invest money? What about stocks you may ask? | | | | sell stuff? |
| I'm biased so I say absolutely, especially if you: | | | | Places like garage sales and charity shops are great. |
| 1) Know what you're doing. | | | | A friend once worked in a charity shop and a man |
| 2) Have someone onside who knows what they are | | | | came in and made a bid for a plate. He bought it for |
| doing. | | | | £70. Turns out it was worth ten times that. |
| Most come under category number 1. Maybe you | | | | The idea is to grab something as a bargain before |
| know someone who is an investor, who studies the | | | | people know it's true value. |
| market and knows exactly what they are doing. Hold | | | | The same value concept applies to penny stocks and |
| onto that friend! For the rest of you it is wise to | | | | small-cap stocks. You need to do some homework, |
| have some knowledge of the markets. | | | | or know someone who is a successful investor in |
| One place you won't be able to grow your money | | | | these, before you start. Pick sectors you are familiar |
| satisfactorily is a savings account. Only the banks get | | | | with and use a cheap broker like Etrade to buy your |
| rich from your savings. They give such a low return I | | | | stocks. Do not put all your money in one stock or |
| would steer clear if you have a small sum to invest. | | | | sector, spread it around. If you find the best place to |
| Think outside the box when it comes to investments. | | | | invest money one day those penny stocks could |
| Maybe your child really wants a new brand of jeans | | | | triple in value and you'll be on your way to creating a |
| or a hot pair of sneakers, perhaps you could get a | | | | fortune. |
| supply of those for $500 and sell them to double | | | | |