$2000 to invest?

Question:

My grandmother just recently gave me $2000 to invest. Since it's my grandmother's hard earned money, I don't really want to invest it in stocks and mutual funds where I could potentially lose it. I'm a fairly aggressive investor myself, but since it isn't my money, I want to be a little more conservative with the investment. What investments can I make (other than putting it in an high interest savings account) that can help me grow her money?

Answer:
A good investment other then bank interest, purchase something for yourself that is a requirement in your life. That is a good investment. Funds towards a deposit on a house!

savings bonds or cds.

Invest it in a way that is appropriate for your financial position. I bet your grandmother would want you do do what's best for you with it.

I'd suggest investing it in an S&P index fund. Good return and low expenses.

By the way, it's your money now. Invest it in a way she'd be proud of, not the way she'd invest it for herself. She has completely different investment needs.

mutual fund, the safest way to invest in teh staock market

Check out Prosper.com. You can make hard money loans to people. You can see a very large return on your money and if you spread the money out among many borrowers you can have a pretty safe return on your money.

Bonds or CD.

Since you grandmother is probably in her 60s, she can't afford to lose money in the stock market, although over time it outperforms Bonds and CDs. She needs that money for retirement.

the only way to invest this sum is for your education.

Get some advices from finanacial planner.not financial advisor (they know less in investment,annuity,etc) Make sure they are certified financial planner. You are able to get your money grow in CD's and others without pulling your pants down.

My friend is CFP

A high yielding Certificate of Deposit.

Check out the rates

$2000 to invest?

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