2006-09-16 15:09:07 · 4 answers · asked by T-Bone 1 in Business & Finance ➔ Personal Finance
The best option depends on you and your personal goals. For example, if you have a specific goal to save in a short amount of time, say one year, then you would be best to locate a certificate of deposit at a local bank paying a high return. If you are looking for long term gain, then you cannot beat investing in the stock market...unless maybe you begin a new career as a loan shark.
2006-09-16 15:29:15 · answer #1 · answered by Freddie 3 · 0⤊ 0⤋
Savings account at your bank, low interest.
International stocks through T Rowe Price or Fidelity (high interest)
2006-09-16 15:16:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Call your local banks. I work at one and we have a financial advisor that is free of cost. Your community banks probably do too. You can go in and ask them for suggestions FOR FREE!!!!! And the best part, there is no obligation!!! At least at my bank.
2006-09-16 15:17:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Hands down - GMAC demand notes - pays 6%!!!!!
http://www.demandnotes.com/main.htm
2006-09-16 15:14:13 · answer #4 · answered by Anonymous · 0⤊ 1⤋