Question about cds/stock, bonds/ or mutual fund?

Question:

I got a check today for doing absolutely nothing. It is only $100 but I know if I put it in my checking account or even my savings that I will spend it. I would like to put it somewhere that I cannot touch it and where it can make money. Most banks require $1000 minimum opening deposit for cds, does anyone know of any banks that would take $100? Or does anyone have any other ideas about what else I can do with the money? I don't care how long it is out of my hands (ie 1 month - 10 years) Thanks !

Answer:
$100 is not a lot of money when it comes to investing. There is one option that I know of that you might wish to consider. Go to sharebuilder.com and buy $100 worth of RSP. It is an index fund indexed to the S&P500. Sharebuilder will charge you $4.00 for the purchase. 3 year annual return has been running about 15%. When you get another $100 add it to the first $100. And keep it up.

Open a savings account and give the bank book to one of your parents.

why dont you trade in forex market?
you will be the trader or let me be your tader..
the profit is about 5 percent of your capital..
the bigger capital the more you will get..
as low as 100usd
if you trade you will get profit vise versa..

That is the exact wrong reason not to put the money in a retirement account. Now is the most important time to save for retirement because compound interest will turn the money into an incredible amount when you retire. If your not going to listen to that advice, then put the money in a money market account. Paypal or ING work, and pay somewhere around 5% interest.

Question about cds/stock, bonds/ or mutual fund?

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