What should I look into. I know nothing about investing and would like to start.
2006-10-17 03:11:44 · 7 answers · asked by jack 6 in Business & Finance ➔ Investing
You first need to begin educating yourself. Head on over to your library or book store and begin with a good introductory book on investing. "Investing for Dummies" is a good beginning book. There are others.
Short term t-bills are the best. 5% +- depending on term and free from state and local taxes. $1000 minimum. ING has a great saving rate of 4.5%, no fixed term.
2006-10-17 06:41:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends on what you mean by "short-term". Do you mean you would like to make a lot of profit quickly or do you mean that you have some cash that you will need shortly and would like to invest it safely? If the former, there is no real way to make a quick profit without taking on a high risk of losing part or all of your investment. If the latter, try a safe money market account or CD from your local bank.
Profitable investing is a long-term endeavor.
2006-10-17 03:25:13 · answer #2 · answered by ErnestoV 2 · 0⤊ 0⤋
It depends on how much money do you have, and how much money would you invest.
Let's say you have 10,000 and want to invest 5,000
My advise is to invest in a fixed rate fund.
If your profile is more aggressive, then take a little more risk and invest in a indexed to the Dow or S&P fund.
Good luck : )
2006-10-17 03:22:19 · answer #3 · answered by Classy 7 · 0⤊ 0⤋
How short?
For two years or less, I'd put money in one of the on-line banks (ex Emigrant Bank) that you'll get 5% return, but you'll have to tie it to an existing checking account at another bank.
For 3-5 years, I'd put it in US I-bonds (through TreasuryDirect). You won't be able to cash them within a year. You'll get 4.5% return, but no state taxes will be due. They are also completely tax free if they are used for education expenses.
Anything longer, and I'd go with mutual funds.
2006-10-17 03:24:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
best business as of now is a business that something to do with basic needs specially food then communication system (computer shop/mobile business)
2006-10-17 03:27:05 · answer #5 · answered by picturesque 3 · 0⤊ 0⤋
less than 1 year, money market, high interest savings account with ING
2006-10-17 03:20:49 · answer #6 · answered by canadareptom 1 · 0⤊ 0⤋
fixed deposit in a bank
. no risk
2006-10-17 06:00:17 · answer #7 · answered by Anonymous · 0⤊ 0⤋