examples are helpful.
2006-10-26 09:59:51 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
The best way and safest way is to let time do it.
Your money will double in about 7 yrs compounded at 10%
2006-10-26 10:47:53 · answer #1 · answered by dredude52 6 · 0⤊ 0⤋
Before doing anything its important you have the right terms. No matter what you invest or save in your money will benefit from compounding. The rate-of-return is how this happens, that rate can be positive or negative. No matter what if your principle value changes over periods of time it is being compounded.
2006-10-26 16:05:04 · answer #2 · answered by Alex F 2 · 0⤊ 0⤋
Time. $2,000 each year for 45 years in a Roth IRA will get you $1.1 million tax free with 9% compound interest. Your total contribution would be $90,000. You would have made over 11 times the amount of money you put into it.
2006-10-26 11:34:47 · answer #3 · answered by gregory_dittman 7 · 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 14:18:05 · answer #4 · answered by Mike S 7 · 0⤊ 0⤋
Savings accounts, money market accounts
2006-10-26 10:10:06 · answer #5 · answered by waggy_33 6 · 0⤊ 0⤋