2006-09-01 04:08:02 · 5 answers · asked by tiffanykb2003 2 in Business & Finance ➔ Investing
Certificates of Deposit (CDs). They can give you monthly earnings or if you buy them for a short term you get your earnings there.
Most investments include time as an important element. Take commodity futures, for example. If you hear of something bad that happened, that would have a positive price impact on this or that and it has an immediate result--if you have put money on the right position. But as with stocks and their volitility and risk, commodities is volitility and risk on steriods. I once took a position, that in the long term was correct and should have made enough money in a couple of weeks to pay off my mortgage. Instead, I was paying on the debt of losses there for almost two years. Volitility took a wild swing in the wrong direction and I was given a margin call I couldn't afford. It was temporary, and the market correction came, but too late for me.
This is not investing. It is speculating. It is very risky. While it can be tremendously and immediately profitable, you can lose your shirt or more (which good girls should not do in public). If stock markets are not quick enough, and since options are tied to stocks I'm guessing those are out too, anything else you did that moved away from the constraints of time are incredibly risky.
Put your money in the bank if stocks are too risky, and each month they will pay you something for it--and buy a lottery ticket for the big reward, but just one. The odds are so bad with lotteries that you would be better off investing in the stock market.
2006-09-01 04:22:03 · answer #1 · answered by Rabbit 7 · 0⤊ 0⤋
Sounds corny but yourself. Make a list of your biggest issues in your life and work on them systemmatically and you'll find that everthing else will work-out better because you won't have all that stuff dragging you down.
There really isn't any quick fix financially unless you have a yard sale and look at what you don't REALLY need or use -- people love to buy other people's stuff. The stock market is a good investment and the secret to it is simple - buy low and sell high but you need to sit and watch the market constantly to make money. The problem is there are so many regulations now that make trading difficult and setting up an account takes time.
If you do decide to invest, pick low, medium, and high risk stocks, a mutual fund, etc. Don't use a broker because they take a huge cut -- use a service like e-trade and Ameritrade.
Good luck -- I'll pray for your finances right now because the Lord knows your needs and sits ready to meet them all He needs is your permission!
2006-09-01 04:18:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
1st there are rarely any short cuts.
At times one can happen onto a investment that can make a good return but its good to study a market or investment for awhile till you know enough to make a Informed decission otherwise you could throw your good money out the door...
Real Estate is a Good investment, stocks, cars anything can be a good investment if handled properly...
If someone tries to sell you a fast sale got to do it today type thing its lots of time a scam...
2006-09-01 04:42:46 · answer #3 · answered by Scott 6 · 0⤊ 0⤋
Drugs.
2006-09-01 04:14:00 · answer #4 · answered by sshuba481 2 · 0⤊ 1⤋
Forget it!
2006-09-01 05:29:57 · answer #5 · answered by svikm 3 · 0⤊ 0⤋