2006-08-03 18:53:00 · 18 answers · asked by christopher d 3 in Business & Finance ➔ Investing
at the moment t-bills.
2006-08-04 01:35:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It all kinda depends except for one thing: debt. If you have credit card debt or other debt that has a relatively high interest rate, you should pay that off first because you will automatically save yourself the percentage interest rate you would have otherwise paid. If you keep the debt, then you would have to make at least as much or more in your investments to counteract the loss. Some of the only "good" debt (using that term lightly) is for a house and possibly a car (there may also be some business loans or student loans lumped in there as well).
If there is no debt, then you need to look at where you are in life and look into possible retirement accounts like IRA's, target retirement funds, etc. The Roth IRA is good because you put the money in after taxes (no deductions on your income tax) but the money earned is tax exempt and you can always pull out the original amount for emergencies with no penalty (the money earned has to stay in the account or you get hit with big penalties). You also have the flexibility of putting your Roth IRA into different types of investments.
Individual stocks are seldom worth the investment unless you have a large amount of money and the time to do your research as fees can reduce (possibly severely) any possible gains.
Savings accounts rarely have competitive rates. If nothing else, look at a CD (certificate of deposit) if you won't have to have immediate access to the money. CDs usually give a higher rate of return than regular savings accounts. But, you won't have immediate access to it in case of emergencies without getting hit with penalties.
2006-08-04 02:08:16 · answer #2 · answered by Shell 3 · 0⤊ 0⤋
If you put it in the bank you will not get a very good return on your money... it is safe and you won't lose any money, but you won't get a good return.
If you have credit card debt, or any debt that you are paying interest on... pay off your debt. You should do that b4 you try to invest.
The stock market is not the only way to invest your money...
CD
Savings Bonds
Money Market
Mutual Funds
IRA
Remember that that stocks can move up and down... diversify
2006-08-04 02:01:58 · answer #3 · answered by Tish 3 · 0⤊ 0⤋
50 : 50 some to saving account the other to stock market
2006-08-04 03:20:55 · answer #4 · answered by Fed_up_by_u 2 · 0⤊ 0⤋
How much $$ & when will you need it. Savings & cds horrible investments so even just stepping up to preferred stock or reits better. Stock market does not mean taking on a ton of risk.
2006-08-04 09:39:17 · answer #5 · answered by vegas_iwish 5 · 0⤊ 0⤋
Savings acct are safer and sure and also FDIC insured . also go to reputable, big banks with along history of banking. Stock markets are too volatile, and unpredictable and requires a lot of knowledge and are in for the long haul. you can't invest one day and move the funds at will. it fluctuates. and can cause a lot of stress for the novice.
2006-08-04 01:59:59 · answer #6 · answered by rosieC 7 · 0⤊ 0⤋
if you are smart and don't mind losing money then the stock market, but if you have to think twice about your intelligence then put into savings. a roth ira will profit you the most
2006-08-04 02:00:56 · answer #7 · answered by Anonymous · 0⤊ 0⤋
my suggestion you put in saving account first while you learn to invest.
in the long run saving will have a negative return because the inflation rate. Stock market will enhance your return, making your money appreciated faster.
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 71,000.00 and 30000.00 in taxble account. by follow simple rule
2006-08-04 02:03:02 · answer #8 · answered by Hoa N 6 · 0⤊ 0⤋
stock market a regular savings account will not make you any money
2006-08-04 01:56:02 · answer #9 · answered by dflo203 2 · 0⤊ 0⤋
Investing in stock market is best but invest in good stock @ long term.
2006-08-04 02:00:48 · answer #10 · answered by somasundaram r 1 · 0⤊ 0⤋
I wish I would have kept my money in the bank, where it was safe. I lost my shirt in the stock market.
2006-08-04 01:56:27 · answer #11 · answered by hagren 3 · 0⤊ 0⤋