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Investments?

I'm looking for a place that i can invest in the $100's, i'm not quite ready to invest in the $1000's just yet. What is a high-yield form of investment? Has anyone tried etrade? What about municipal bonds? Basically, my goal is to make enough from the investments to eventually move up to property investments. I'm 23 years old and i know that i have time; but time is a commodity that runs out very quickly.

Public Comments

1. It's fine that you don't have 1000's to invest yet. But don't be in too much of a hurry -- if you gamble it all away by going for the high-risk, high-return stuff, you'll lose not only your money but the very good impulse you have to invest. Start off slow and you'll get there faster. For a sum in the 100's you might consider a single chunk of a ETF. (You could consider a large relatively undervalued stock like BRK, JNJ or COP, but an ETF or mutual fund gets you diversified right away.) But better yet, if you really want to get into investing as a way of life, sign up for an automatic $100/month draft into a mutual fund. Vanguard does this and you can pick from a number of safe funds with good returns. As a beginner I'd pick something like VINIX (500 index fund).
2. take a look at http://www.wwipg.com It is A new investment company that offers high interest like the stock market but is guarenteed so there is no risk. Its free and they actually give you a large amount of money to start. so you dont have to invest your own money if you dont want. plus its about 13 to 15% interest rate a month. *I am not trying to refer you as its not a referral link just trying to help out. thanks
3. If you're only investing hundreds of dollars, then I would suggest a high yield savings account such as HSBC, yielding around 5.50% and even 6.00% until April 30, so hurry. Your return may not even be 5% with munis since you're only investing hundreds. Once you accumulate at least a $1,000, I would suggest funding an IRA for retirement. Its never too early to start. Ever heard of a word called compounding? That's how all millionaires and billionaires get their status. As you earn more, fully fund the IRA because the more you invest now, the more for retirement. I would suggest T. Rowe Price. They provide low-cost mutual funds inside the IRA and provide Target Funds, which are IRAs that are geared towards your retirement year. That takes all of the guesswork out of researching stocks. In IRAs, you automatically invest in stocks, bonds, and cash investments. Your target date would most likely be 2050, that's 43 years to accumulate your wealth. Mine's in 2051. Good luck.
4. most people get started with investing 100 or so a month or week so this is plenty to start the best investments for you would be mutual funds or exchange traded fund because they are already allocated through out the market. You probably don't want to invest in municipal securities if you are seeking growth these are for people seeking tax free income. I use ameritrade and i like them they have screeners where you can search mutual funds and etf's and find the ones that are right for you, but as in any investing make sure you do your homework. foreign funds and emerging markets will give you the best returns but they are the most volatile which means in a up market they are up more but in a down market they are down more.
5. I would dollar cost average into Google (GOOG) and maybe Goldman Sachs (GS) or Apple (AAPL). I use TD Ameritrade and am very happy with it. You can read about Dollar Cost Averaging here. http://en.wikipedia.org/wiki/Dollar_cost_averaging