There are many great investments, housing (which is very expensive to start with but can increase in price simply by the passage of time-however increases are expected to peak soon and stabalise because of the new-time buy palava and the governmnent having a massivpush for new housing), shares (some shares are incredibly risky and can go either way but have the potential to make a huge profit, wheras others are more stable but make less profit), wine (im not talking about the wine you can just get from the local corner shop, but in london, there is a wine-bank where all the mose expensive and collectable wines are stored to remain safe, they increase in value but this is more of a terminal investment over many years), collectors items (items such as star-wars figures, anything that is limited edition, many comics, things that have a large market but are only on sale for a short time, anything really that is rare and few have been made), antiques bought from car-boot sales and sold on at auction, and many others can be good investments, the trick is to look at what is growing in popularity but declining in sales.
Hope this helps! :D
2006-12-18 21:38:04
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answer #1
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answered by Chris K 2
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Hi, I'm Sean Toh from Singapore. What is the best investment for money? What might be the best investment for others might not be the best investment for you? Why is that so? It's has got to do with the fear factor scale of your investment. Someone can recommend you an investment but if you are not comfortable or feel good about putting in the money as you got no ideas about this new investment. Your fear factor scale is going to go up. Hence, will this be the best investment for you? Sometimes, doing nothing with your money is much better off than investing in something that you do not understand at all. Although inflation will erode the value of your money. Remember, the master investors first rule of investing is never to lose money and the second rule of investment is always to remember the first rule. Giving you a fish is not an good idea, go through a self discovery and learning journey to find all what you like and comfortable with is like learning how to do fishing forever. You will always have fishes even during bad times. Start slowly as nobody in this world is born to know everything. Give yourself three years and learn investing one day at a time than to listen to a suggestion or gossip as this is what makes people lose money. When you look back after three years, you will realise that you have learn a lot about personal finance & investing. Click the resources below to learn more before throwing your money into a gossip scam. You have saved or made this hard earned money. Cherish them. May god bless you for your future investment and control your financial destiny in your hands. Look into your mirror for the best financial advisor.
2006-12-18 23:57:30
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answer #2
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answered by Anonymous
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It depends on your investing goals. If you have many years, general wisdom is to invest in aggressive stocks, if you are nearing retirement general wisdom is to invest in high yield cash or bonds.
If you really want to try to make it rich, start up a business.
2006-12-18 21:24:18
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answer #3
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answered by The Alchemist 3
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Invest in yourself. The best investment is the intellectual equity between your ears.Do it right and apply your ideas into action, and you will receive infinite returns.
2006-12-18 23:15:43
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answer #4
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answered by Anonymous
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Real estate..You can get property cheap and with 0 down, and then turn around and sell it with a large profit.
2006-12-18 21:26:49
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answer #5
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answered by Mommadog 6
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Mutual funds.
2006-12-18 21:35:49
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answer #6
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answered by Seagull 6
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Here's some checks of proof ( Click back then go on http://www.uutx.com to get started)
2006-12-18 21:19:53
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answer #7
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answered by uutx55 0 1
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