possibly a reliable place that will not disappear with my money.(scam).
2006-10-26 08:05:56 · 6 answers · asked by donbutu4sure 1 in Business & Finance ➔ Personal Finance
Until you study the Yahoo finance education section, put it in a CitiBank savings at 5% (decent until you get the hang of investing from the studying). Then you might consider the Canadian energy companies but buy after they drop (they are at a high currently)
http://finance.yahoo.com/education/begin_investing
2006-10-26 08:09:42 · answer #1 · answered by kate 7 · 0⤊ 0⤋
I have a couple thousand in mutual funds, those seem to do well often. Just Google "mutual fund research" and you can see the history of the stocks, the risk factor, the companies that the funds go to and other useful information. I invested $1000 in a mutual fund and made it to $1600 in a few months. But I have also lost some money in the stock market. If you research you can generally do well with it.
2006-10-26 08:15:08 · answer #2 · answered by a.bohner 2 · 0⤊ 0⤋
If you want to invest money for a long time (greater than 5 years), go with index funds (ETFs) . Spread the money around between large, mid, small cap, value and growth funds.
2006-10-27 18:13:27 · answer #3 · answered by Steve R 6 · 0⤊ 0⤋
Try a savings account.
2006-10-26 08:09:41 · answer #4 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋
sure in yourself!!!
of course dude see ya
2006-10-26 08:08:34 · answer #5 · answered by givaldo t 1 · 0⤊ 0⤋
hemp
2006-10-26 08:14:13 · answer #6 · answered by Bryant 2 · 0⤊ 0⤋