If you have $3000 to invest, but could need the money at any time in the next year, you should invest in a one-year closed GIC. O put the money in a dividend mutual fund. invest in an asset allocation mutual fund. put the money in a liquid short-term interest-bearing investment. Investing in growth stocks usually refers to O younger companies paying large dividends. large companies paying large dividends. younger companies with potential for large capital gains. any company with a market expansion strategy