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Where can I invest 1000$?


I need to know what would be my best option to invest 1000$ in Canada. I am 15 and I have some extra money lying around that I want to invest and I want it to grow by 2 years MAX so I can have a bit more money towards a car. Where can I invest this money to gain a large return?

Thanks in advance.

invest in stock can be a great idea. this will help you to choose one:

Good Stock Pick for Unlimited Profits Framework
http://www.stock-investment-made-easy.co...
How to Find Good Stocks That Will Survive 2008 Market Crash
http://www.stock-investment-made-easy.co...
How to Pick Good Stocks That Can Make You Rich in The Long Run
http://ezinearticles.com/?How-to-Pick-Go...

you can use your parents trading account to get started.

but, if you are still new, you might want to read this first:
Stock Investing Advice - Why You Should Not Invest In Stock As Young As Possible
http://ezinearticles.com/?Stock-Investin...

consult a wealth manager

growing businesses have the greatest potential for high returns, but also come with the greater risk, so do a lot of research before you buy into it

I don't know about Canada but here in the US, you can try a ING savings account at 3-4.5% interest. Or sometimes your credit union has good interest rates.

You should definately do something with it, but since your time horizon is so short you probably don't have much risk tolerance.

Have you considered Canadian government bonds? A 2-year Canadian Savings Bond costs $1000 and pays 3.2% interest annually. You'd end up with $1064 after 2 years. I know, I know. $64 doesn't sound like much, but would you rather have $64 or not have $64? If you chose to not have the money, will you send me $64? IM me for my address.

Here in the States, you can buy U.S. government securities directly from the government (treasurydirect.com), so there's no transaction costs. I don't know how it works for you guys. If you would need to go through a broker, you may want to consider a bank certificate of deposit instead.

A lot of people will probably advise you to invest in stocks. I wouldn't, if I were you. A diverse stock portfolio is a wonderful long-term investment, but the thing about stocks is you can be sure that they will be up about 12% per year over the long term -- 2 years is not the long term. Just buy a bond.

I would recommend you to visit http://investment-blog.net/
and open your account and start investing: http://investment-blog.net/2007/11/20/ho...
there are steps you need to make to open your investing account. GL

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