If you have a $30k saving...What would be the best way to make the make grow, other than putting it in a Bank and earn that little interest?
What'll be the best way?
2006-08-12 09:09:54 · 11 answers · asked by Anonymous in Business & Finance ➔ Investing
There are several ways for investing this amount. You have shares, unit trust fund, bonds, time-deposit accounts, REITS etc.. You should work your risk profile and yr time horizon for the investment. Then with this look for appropriate investment tools. Investments should be for medium to long term. If you like I can work out all this for you, create a portfolio and help you manage it. Just email me.
2006-08-14 04:39:54 · answer #1 · answered by JasonLee 3 · 0⤊ 0⤋
The stock markets are currently ina bull phase and offer terrific returns. BRICS funds that operate abroad are offering phenomenal returns 20-30%. Balance is the name of the game. Like you shouldn't put all your eggs in the same basket, diversify your portfolio across debt, equity, commodities, etc.
In shares keep about 60-75% of your cash in established dividend paying firms across sectors and the rest in emerging or potential blue-chips (as per your risk appetite). The relative return from investing early in a succcessful firm with good management far outweigh the risks and that is the smart way to go.
2006-08-12 21:48:20 · answer #2 · answered by fistfull-of-$ 3 · 0⤊ 0⤋
I would suggest you buy silver bullion in 1oz graduations and store it privately. I believe that the tie between gold and silver must be broken soon as silver has been depressed for too long and I further believe that when the tie is cut silver will find its true value of about $150-170 an oz. Silver is still affordable and small graduations can always be traded for goods or services if ever it takes off. Hope this helps!
2006-08-13 06:01:50 · answer #3 · answered by mandbturner3699 5 · 0⤊ 0⤋
If you want something safe with low earnings leave it in a bank or cd. If you want higher earnings put it in a high risk mutual fund although you might end up losing or making more money. I have lost more than $9000 dollars with my mutual funds.
2006-08-12 16:38:14 · answer #4 · answered by Art The Wise 6 · 0⤊ 0⤋
Catch the red eye to Vegas and put it all on 27 Red! You can double your money or spend the rest of your trip snugglin' up to strangers in the hopes of a free ride home! Either way, you're guaranteed to have some wicked stories to tell the grandkids!!
2006-08-12 16:18:29 · answer #5 · answered by Anonymous · 0⤊ 0⤋
So you do not think the interest from banks is good enough. But at least it is safe.
There is a saying in investing for high yields: "10% per annum, perhaps".
2006-08-12 19:01:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I will suggest you put the money in the bank 1st. Opportunity don't come by that easy, you can wait till a real good opportunity than you act. Do not look for one as there are many bad "lobangs" out there for your money.
2006-08-13 04:05:26 · answer #7 · answered by Simon C 2 · 0⤊ 0⤋
Put them in mutual fund
2006-08-12 16:15:24 · answer #8 · answered by YourDreamDoc 7 · 0⤊ 0⤋
i will only answer this when I really have $30k with me.
2006-08-13 10:38:57 · answer #9 · answered by Lampe 1 · 0⤊ 0⤋
hey belle, you can earn 160% intrest if you put it on a high yield investment plan.
THIS IS NUCLEAR RISK. please be care full if you like my answer.
2006-08-12 16:21:42 · answer #10 · answered by tijiani007 2 · 0⤊ 0⤋