I Just Received $99 From The Electric Company. How Should I Invest It?
Posted by China Sourcing CommentatorSep 1
Everytime I get unexpected money from any source, I put it in an I bond. Today the electric company sent me $99 after hiking our bills up they did some negotiating and decided to send their customers some of their money back.
I dont want to pay my next bill with this money, but I would like to invest it somewhere. Any suggestions would be helpful.
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I’d go with a savings bond.
You can find stocks that have dividend reinvestment plans. That means that once you own one share, you can keep buying partial shares, and the dividends will also go to buying more shares. In fact, the electric company probably offers this! Look into it: it’s a good way to get into investing without much money. Try http://www.better-investing.org for more details.
Buy a Solar Panel. (it will cost you a few hundreds but you will save money until you die)
ING savings , 4 to 5% on the interest
One option would be to go to treasurydirect.gov and get yourself started with an EE or I bond.