2006-11-10 01:30:45 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Suggest you avoid simply using a bank. With the current interest rate you'll actually lose money due to inflation. You'd be better off looking into a long term CD or an IRA with deferred taxes. Talk to a financial adviser or tax attorney.
2006-11-10 01:49:25 · answer #1 · answered by radar 3 · 0⤊ 0⤋
Agree with post above me. Banks would not be the way to go. Interest rates arent great and in fact you can get better rates with less terms just using an online bank...ING or Emigrant.
2006-11-10 10:32:59 · answer #2 · answered by Mr Grimes 2 · 0⤊ 0⤋
Hey,
You would first like to build a case for asset allocation ie. how much to invest in debt , equity , real estate , retirement funds. The factors to consider include your age and investments done in the past.
Risk and reward portfolio needs to be done eg. investing in emerging markets eg.India with a mutual fund can give amazing returns ..
Cheers, Soumitra
2006-11-10 10:32:35 · answer #3 · answered by Soumitra P 1 · 0⤊ 0⤋
First you need to invest 10$ in a book that teaches proper English.
2006-11-10 09:37:40 · answer #4 · answered by ash 2 · 0⤊ 0⤋