2006-08-10 04:02:28 · 8 answers · asked by bobby 1 in Business & Finance ➔ Investing
Safe investments do not increase your riches; they barely keep up with inflation.
2006-08-10 04:08:39 · answer #1 · answered by NC 7 · 0⤊ 0⤋
With interest rates as they are now...you should look into CD's. You can get 5 or 6% on a CD with a short maturity date as quick as 6 months to a year with certain minimum investment amounts. You have to check around for the best rates. But very very safe and unlike bonds you don't have to hold them for years and years until maturity...i.e. Series EE bonds.
CD's are very safe....But if you are young...you have plenty of time to play in the market....much better returns over the long term.
2006-08-10 20:57:57 · answer #2 · answered by gatorgrad99_99 3 · 0⤊ 0⤋
putting extra money into your home-i.e. paying off your mortage early
look at it like this: you pay 6-7% interest on your home, for every dollar extra you send them, the interest you pay per month goes down. This gives you a 6-7% return on your investment every year, which is better than any CD or mutual fund.
2006-08-10 11:06:08 · answer #3 · answered by Justin K 4 · 0⤊ 0⤋
Consider an exchange traded fund (ETF) which tracks a broad range of stocks, especially a global fund. It will fluctuate, but will in general reflect the returns of the various markets around the world.
www.etf.com
2006-08-10 16:34:53 · answer #4 · answered by Michael K 6 · 0⤊ 0⤋
for a great investment check out www.tni.com/runninglate
2006-08-10 12:51:19 · answer #5 · answered by runninglate 2 · 0⤊ 0⤋
invest money in u r home
2006-08-13 05:01:50 · answer #6 · answered by sahil_mohd521 2 · 0⤊ 0⤋
How much riches are we talking about dude?
2006-08-10 12:15:22 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Bonds.
2006-08-10 11:08:39 · answer #8 · answered by Anonymous · 0⤊ 1⤋