2006-12-26 20:12:23 · 9 answers · asked by Smile Everyday 1 in Business & Finance ➔ Personal Finance
Start at your financial institution. Most financial institutions have a financial advisor which will specialize in mutual funds and the stock market. When it comes to investing money, what type of product you invest it all depends on you.
First ask yourself, how much do you want to invest.
Are you looking for something short term or long term?
Are you looking for something risky or guaranteed?
What is the purpose for the funds? ( college, new home, etc.)
How near in the future will you be needing the money?
If you're looking for something short term you might think about depositing your funds into a Certificate of Deposit. Usually CD's have 3 month to about 7 year terms. The interest that you earn is guaranteed and depending on the term you choose you might earn somewhere close to if not more than 5%.
If you're looking for something longterm or risky I would suggest mutual funds or the stock market. Yes there is a chance you might lose funds, but at the same time if you gain you could gain big.
Good luck on whatever product you do decide on.
2006-12-31 12:47:13 · answer #1 · answered by Anonymous · 0⤊ 0⤋
IMO the best place is with a broad based index mutual fund. Open a Roth IRA. If you never do anything else this will serve your needs well. An annualized return of 12% and it's safe. Fidelity and Vanguard are the biggest fund companies but there are others. Before you do anything do your research. If you don't understand how an investment works stay away from it. Listen to everybody then do what's right for you. I'm including my advice in that mix too. Stocks aren't for everyone. It's what I do but there's more than one way to do things. There's lots of information available. Learn all you can and ALWAYS call your own shots.
2006-12-26 20:23:36 · answer #2 · answered by Big R 6 · 0⤊ 0⤋
It depends how much money you have!
If it's less than $500, you might want to consider putting it in a savings account or purchasing a Certificate of Deposit (check BankRate to find the best rates). It's difficult to begin investing with small amounts, because fees are likely to wipe out any gains you might have.
If it's greater than $500, you can probably begin investing. Check out Fidelity and Vanguard, two reputable brokerages that offer you the ability to purchase stocks, index funds, or ETFs.
If it's greater than $1,000,000 check out hedge funds!
2006-12-26 20:20:33 · answer #3 · answered by bucksfan32 1 · 0⤊ 0⤋
First buy some good books and magazines before withdrawing your money for reinvestment. Financial News papers/Magazines give you lot of information and how to begin with either in Stock Markets or Real Estates or both. But don't carried away by some brokers talks as they try to keep you in lukewarm water at your expense.
2006-12-26 21:13:31 · answer #4 · answered by SESHADRI K 6 · 0⤊ 0⤋
it depends on how much money you have to invest. If you've never invested before you should probably stick with mutual fund to start then as you learn more and are more comfortable with investing you may want to buy individual stocks. check out Fidelity.com, or troweprice.com
2006-12-26 20:24:37 · answer #5 · answered by QandA 3 · 0⤊ 0⤋
funding as a rule is like an ocean. that is larger to study your self extremely of having information and theory from others. attempt to do somewhat homework beforehand making an funding . a number of my factors: a million.Reads organization papers like organization line, economic circumstances, economic coach and so on (2) study organization megazines like dalal street, Capital market and so on (3) international / India comparatively cheap signals (4) sectors like metallic / cement / sugars datas (5) widely used of agencies and many extra issues. besides the indisputable fact that in this time you may start making an investment in mutual fund and insurance scheme. best of success.
2016-12-01 05:24:40 · answer #6 · answered by ? 4 · 0⤊ 0⤋
go to the bank invest with them they make a lot of money and you can profit from that and its more secure. it may be slower in return but it will always go up.
2006-12-26 20:16:01 · answer #7 · answered by Lara <:(((>< 4 · 0⤊ 0⤋
i would recommend you to go in to the automotive business if you have what it takes it will benefit you a lot, in the business nothing is easy hope you are very determin if you are not do not even try it cause is hard.
2006-12-31 07:50:32 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I agree w/Bucksfan... listen to him...
2007-01-02 06:04:47 · answer #9 · answered by momof3 5 · 0⤊ 0⤋