If I put $10.000 into a 1 year CD at %5 how much would I make in that 1 year? Would you invest the $10k in something else?
2006-09-23 08:35:34 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
Jeez! The question was rather simple or so I thought.
The first part is a math equation, the second in merely "Yes" or "No".
I'm sorry it was too confusing!
2006-09-23 13:18:19 · update #1
$500. A little more if it's compounded daily or weekly or monthly or quarterly.
2006-09-23 08:43:57 · answer #1 · answered by Carlos R 5 · 0⤊ 0⤋
0.05 x $10,000 = $500
What I would do with the money should not concern you or have any bearing on what you should do with the money.
Everybody's situation is different:
acceptable risk level?
age or yrs to retirement?
knowledge level of investing?
time to put into investments?
resources and equipment?
willingness to learn, study, and work hard?
In my humble opinion, the primary reason more people aren't rich or successful is that most people are lazy. They just want "The Answer" or they are followers, and that doesn't get you somewhere you want to be, but rather somewhere someone else hopes to be, and not necessarily anywhere at all.
At each new level you reach, you would do something different with your $10k. Rather than study and learn and implement reduction of risk in order to increase returns, most people would rather play it safe, and constantly search for certainty.
The future is always uncertain, because the future can never be known. Accept that the best we can do is increase our odds of success. There is never certainty in this business of investing or trading. But the more you demand certainty, the less reward you must take. So in my mind, you and every novice approach the market from the wrong direction. You want the highest return, but you demand certainty, which is an oxymoron. And to explain that would require a novel.
2006-09-23 15:43:11 · answer #2 · answered by dredude52 6 · 0⤊ 0⤋
Why put 'all your eggs in one basket'? check around!!
Check with a financial adviser, speak with a bank official, there
are many areas to consider.
Also many areas in which to loose.
Be Aware for yourself.
good luck
2006-09-23 15:45:00 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Try online trading visit http://net-new.blogspot.com/
2006-09-23 21:29:49 · answer #4 · answered by netnew 7 · 0⤊ 0⤋