Open up a TFSA and then invest it into INA.V
Its a small canadian oil company, with a market cap of around 200M.
they will probably hit 3-4$ before being bought out in about 2-3 years, and will probably reach 1$ by the end of '14, meaning worth investing heavily into this.
Pay attention to these boards, for more info.
http://www.ionaenergy.ca/ (thier site)
http://investorvillage.com/smbd.asp?mb= ... d=13414660
Now, when you're reading the bulletin board on IVillage, keep track of the following posters: Oiljack, Resilience, Crucible401, Jwallisca
in particular, while watching for tips and tricks pay attention to these few guys and what they have to say, if you want to make alot of money form that 260$, at least enough to retire on, 30 years from now.
most small companies start out being explorers, and it's a giant step to becoming a producer. INA became a producer this year and is producing around 7500 barrels of oil per day.
This is light oil that sells for around $111 per barrel right now.
So, Ina is getting around $25 million per month. That is a lot of money for a little company. That is why this company has such a potential to grow and eventually will probably be taken over by a major. If you have any money in your piggy bank, this is the company to buy. I believe this company will triple within the next 2 yrs. and then it will be bought out for $3-4.00 a share. Just a matter of being patient. If a person does not have too many shares, it's better to just accumulate slowly and sit on those shares. Then reap the rewards in a couple of years. I've been doing some trading with INA as I have plenty of shares, but I do not touch my core position.
here is a name of another poster but on another BBoard ie. Stockhouse.com. This used to be a great site but a lot of us moved to IVillage because the quality of the posts was really deteriorating and the moderators did nothing about it. Anyway, this guy Molymoney is worth reading. Here are his posts, read his Sept./ Oct. posts to get an idea.
http://www.stockhouse.com/members/bullb ... /molymoney
anyways, hope this allows you to turn that 2-300$ into 10,000 like I did. - James.
p.s. come back here years later, and we can say what to do with the 10,000$ when you have it too.