2006-11-09 14:17:36 · 6 answers · asked by galfrmvenus 1 in Business & Finance ➔ Investing
basic CD at your local bank.
2006-11-09 14:20:07 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You don't say how much you have. Let me tell you what you can do.
First, start with what you can. If nothing else put it in a savings account. It will grow with interest. Savings account interest does vary and the more you have the more they pay YOU!
My wife and I had a savings account. It was barely making us anything so we moved it to a money market account. That acted like a savings account that gave us the ability to write a few checks per month if we so chose. It pays about 5.5% right now ( a lot more than the 0.25 our savings paid!)
If you can invest in as little as $100 per month you can do what is know as dollar cost averging. Talk to a broker or banker about this. What you do is invest $100 per month in a particular stock or mutual fund. When you the price is down you buy more shares of it for your $100. When the price is up you buy less. But keep on buying. Buy until you have 100 shares then invest in something else. It may take some time to get to those 100 shares but you will get there.
You might want to invest in something that pays dividends. That way you can reinvest to buy more shares. We have been buying Pepsi for a few years now and will have 100 shares in a few months.
Think of the long run and don't rush to sell if you've made a profit. Investing is for years to come and not a quick way to make money.
Avoid stocks that sell for under between $5 - $7 per share. While Wal-Mart and Coke may have started out that way so did e-toys. Look at where they are now!
Invest in something you like and use. If you like Coke, invest in Coke. If you like Sara Lee, invest in that. (I'm using those as an example and that is not a recommendation of any kind, although I do buy both of those.)
Good Luck!
2006-11-09 22:35:00 · answer #2 · answered by jdnmsedsacrasac1 4 · 0⤊ 0⤋
A low cost index fund based on the S&P 500.
Stay away from all the scams promising high returns like the Forex or multilevel marketing scams like the cashcrack.com website that low life losers spam referral links to on these boards.
2006-11-09 22:25:33 · answer #3 · answered by Phil O' Brien 3 · 0⤊ 0⤋
in equity mkt only they provide high return in longer term
options in equity r
balance fund 4 0% risk
future 4 100 % risk
and delivery for 10% risk
try technical analysis before
aptistock is a freeware 4 it
2006-11-10 02:29:03 · answer #4 · answered by dinu_pawar 5 · 0⤊ 0⤋
The truth is you need a U.S. Savings Bond. You can buy them at almost any bank in the U.S. They are safe and pay interest for 40 years. You can buy them with as little as $37.50 each.
2006-11-09 22:27:35 · answer #5 · answered by Jessica M 4 · 1⤊ 0⤋
etf's; low expense ratio that mirror different sectors and indexes, www.fool.com to learn the basics, no joke
2006-11-10 00:21:15 · answer #6 · answered by Nate 2 · 0⤊ 0⤋