Hi, im looking to invest money, currently I have a savings account that gives me 3.6% interest monthly. Im going to build it to around 5k and then invest. Looking for something similar to a savings account with monthly interest higher than what I currently have. Anyone have any suggestings on what I want to invest in? Looking for something that will build long term.
2006-10-26 05:42:37 · 7 answers · asked by Charlie M 1 in Business & Finance ➔ Investing
check a money market account besides a CD it usually gives a decent interest rate....if possible check your options for stocks as well
2006-10-26 06:51:21 · answer #1 · answered by teaspoon520 3 · 1⤊ 0⤋
I would invest in land. Now they key is location. There is no secret in land investment. It's all location, location, location.
Now, since your budget is somewhat small, I would do this.
In Baja Mexico, you can get ocean view land for about $40K. You can put a down payment and pay it off over 7 years. You will see very substantial gains and this is why. First, they are building two international airports around Santa Fe. A PGA (professional golf) player, I forgot his name, is building his own 18 hole championship golf course right in front of the ocean, Sea of Cortez.
Also, if you are a property owner in this community in Santa Fe, called El Dorado Ranch, you get 10% off everything in that community. This includes restaurants, golfing, clothing, etc.
However, if you are interested, you need to find a realtor that is selling property there. And these realtors are only in the US and its not just any realtor. There are designated ones that are allowed to sell there. Questions, let me know.
2006-10-26 13:00:21 · answer #2 · answered by Soccer Stud 2 · 0⤊ 0⤋
When you are ready to invest - check out the CD rates.
Currently, Washington Federal are offering a seven month CD for
5.18%.
2006-10-26 12:55:51 · answer #3 · answered by fatsausage 7 · 0⤊ 0⤋
I think a CD would be better than an indexed annuity.
They have been coming up lately, making them worth looking at.
2006-10-26 12:53:06 · answer #4 · answered by Nosy Parker 6 · 0⤊ 0⤋
Consider researching your own companies... right here on Yahoo! Finance. I have found some solid performers this way. Go to: http://screen.finance.yahoo.com/stocks.html
2006-10-26 21:20:38 · answer #5 · answered by Mike S 7 · 0⤊ 0⤋
You can try an indexed annuity, if the market goes up you gain if the market goes down you stay even.
2006-10-26 12:47:37 · answer #6 · answered by tom_nearhood 3 · 0⤊ 0⤋
www.freedominforex.com. I put 3000 in end of september and it is up to 3764. enough said.
2006-10-29 22:41:39 · answer #7 · answered by Blanston 2 · 0⤊ 0⤋