I can save about $100-200 every month, I am looking into investing it.?

I want to use this money towards some moderate risk yet higher return investment than CDs or regular Savings accounts, what are some options and where can I start?

Public Comments

1. Mutual funds or shares of an index. That way you're diversified so you don't have to keep watching it or worrying. Whatever you do, don't just buy one or two stocks. Make sure you spread your investment over several stocks so you are not putting all your eggs in one basket.
2. I highly recommend a well diversified, low cost mutual fund. You might want to look at the Vanguard STAR fund. It sounds perfect for what you wish to do. You can add more money every month, without any commissions or sales fees.
3. Stocks are a good investment if you want to make some good returns, with a little research you can do really well.
4. Probably the most cost-efficient way(avoiding commissions) would be to go with an automatic monthly plan at a few mutual funds.You would need to look for probably a few funds so you would be properly diversified across various sectors and countries(also include an international or global fund). www.investinganswers.citymaker.com
5. I would recommend mutual funds because with that amt of money it would be better to place it in mutual funds allowing you to tap on the growth of equities, bonds or commodities, achieve diversification and tap on professional expertise. Meanwhile, you can read up on stock investment and prepare yourself to invest in stocks that can give a higher return but also need to take up more risks. Hope the information helps!
6. I would recommend opening a DRIP Plan. They are very effective for investors that wish to invest a set amount every month. They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street. The best part is you get to choose from the best Blue Chip International Corporations in the world. You can have Toyota, General Electric, Royal Canadian Bank or McDonalds in your portfolio. Although there is always risk in stocks, these Blue Chip giants offer far less risk than most. They are inexpensive to start and maintain, and your dividends are reinvested for free. They are perfect for small investors, as well as big investors. They will allow you to sleep at night and not care about whether the market is going up or down. Best of Luck
7. You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. http://www-forex.spaces.live.com