Quoted:
Gunsnob, do you know of any sites or books that could give me a crash course in investing?
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M4,
don't take this the wrong way, but you are on a crash course to losing your cash.
Get-rich-quick schemes usually make the guy selling them rich, not you.
That being said, the more you are willing to risk LOSING your 3k, the more you can potentially make.
Some ideas:
- superpower ball. huge payoff, still unlikely
- casino gambling. good payoff, more likely
- high risk stocks. good payoff, but there's a reason they are "high risk"
- aggresive stocks, mutuals. reasonable payoff, still some risk, especially short term.
- index funds, reasonable payoff, long term investment strategy best
- day trading/futures/etc. See casino gambling above. Unless you know your shit, just give it up to the stripper in lap dances. At least you'll be happy. Still broke, but happy.
- bonds, low risk stocks, stable mutuals: lower returns, but you won't be eating dog chow in your old age, either.
Brother, I hope the words don't fall on deaf ears, but I suspect they will. I hope I'm wrong, but I think your 3k is going to go bu-bye, if your not careful.