investing money
2006-10-03 09:45:00 · 15 answers · asked by frank the tank 1 in Business & Finance ➔ Investing
Easiest - Set up automatic deposits from your checking account on the day you get paid.
Safest - depends on what you're saving for. If you need the money in 1-3 years you should put it into a high yield savings account like ING or Emigrant direct. But, if you are saving for longer, you should take more risk otherwise you will just be losing money in the long run to inflation.
Read the "Must Read" books from the link below, especially Investing for Dummies to learn more about how to invest in different products for different timelines.
Good luck!
2006-10-03 10:47:12 · answer #1 · answered by personal_finance_101 3 · 0⤊ 0⤋
Roth IRA, with good selection of mutual funds.
401k is lousy, due to the tax implications when the money is withdrawn. With a 20% due, you would have to make at least 20% over time on investments just to break even. Simple math.
2014-05-05 13:30:00 · answer #2 · answered by mike e 1 · 1⤊ 0⤋
Invest in stock mutual funds. Over the long run, the safest funds are those that track the S & P 500 Index. Standard and Poors does all of the selecting of the top companies, and it does not cost you anything. The fees at the mutual fund companies are very low. All they have to do is track the S & P, then buy or sell if any changes are made. Websites easy to nagivate for info are T Rowe Price, Dreyfus, Fidelity.
2016-03-27 03:39:43 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Retirement Accounts, 401Ks, Roth and regular IRAs, etc...
Coverdell Education Savings Accounts
Tax Free Municipal Bonds
US Savings EE and I Series Savings Bonds
Real Estate Investments.
2006-10-03 10:42:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Like Notorious says, depends on how much money. Also depends on your age, your income, and what you would like to do with the money. For starters, regular savings at your local bank or ingdirect.com or emigrantdirect.com (both can link to your checking account.) Also starting an Roth IRA and/or participate in your employers retirement plan. If all your savings basics are covered, T-bills, CD, money market are low-risk investments; Municipal Bond interest incomes are tax-exempt.
2006-10-03 10:02:34 · answer #5 · answered by Mayu 2 · 0⤊ 1⤋
Easiest - automatic Payments, safest - Savings accounts on Banks, T-bills. But for a better yield, I would suggest a "770 account". It would be too long for me to explain here what it is and how to set it up, but send me an email if you are interested. edgar@arceofinancial.com
God Bless you!
2013-11-24 12:34:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It depends on how much you have to save and invest?
If you have a large sum, you need to speak with a number of money managers and compare notes. You will need to determine what your specific goals are and then go from there. In other words, you must do your homework no matter which path you take.
If you are speaking of a couple of dollars here and there, start with a bank savings account.
2006-10-03 09:49:39 · answer #7 · answered by Notorious 4 · 0⤊ 2⤋
Safest and a high interest rate? ING has almost 4% for savings accounts. I was thinking of switching to them myself. It's all done over the computer and internet.
2006-10-03 09:53:39 · answer #8 · answered by ? 6 · 0⤊ 1⤋
cds and t-bill are the safest and easiest. A Roth IRA account is one of the best ways if you have earned income
2006-10-03 09:58:12 · answer #9 · answered by Anonymous · 1⤊ 1⤋
Well I will say from my ongoing personal expereinces. I have a Roth IRA and money market. They both are great. It;s pretty safe and you are saving money for later down the road. Things don't move around as much as the stock market does.
2006-10-03 09:54:19 · answer #10 · answered by DLB 4 · 1⤊ 1⤋