I have some money to invest and need some advice.
2007-01-03 17:45:57 · 8 answers · asked by Craig 2 in Business & Finance ➔ Investing
It would depend on your idea of short term and your willingness to take on risk. If you are adverse to risk, Cd's are your best bet (but your rate of return will only be in the low 5% range). If you are willing to take on more risk, individual stocks or stock index funds are an option but ONLY if you have studied and understand the markets. I have never been much of a fan of mutual funds as they seldom beat the S & P and you can purchase shares of index funds that mirror the S & P. This is just my opinion, but FOREX is a definate no-no unless you are extremely well versed in it. Any investment that allow 100:1 or even 200:1 (yikes) leverage is a disaster waiting to happen!
Experience: Not that it matters, but.......
Personally, I am a short term trader (not investor, there is a difference) that strictly uses technical analysis. My trades usually last from 2 or 3 days to 3 weeks (rare) or longer (extremely rare). This type of investing can be very rewarding, but requires alot of effort. I studied technical analysis for over 4 years before I even places an actual trade, partly because at that time I also lacked the required capital to invest. Rate of return for last year....89 1/2 % (worst year out of the last 8 yrs...22 % best year....182 %), so good luck, you CAN do it!!
2007-01-04 04:57:05 · answer #1 · answered by Romans 1:22 4 · 0⤊ 0⤋
Short term investing (you need the cash safe and upon demand soon)..... There are two answers;
US T Bills
FDIC Insured savings account (ie: GMACBank.com, INGDirect.com, HSBCDirect.com etc).
I also trade FOREX. 90% of the people that trade Forex lose all their money. Anyone suggesting Forex as a way to save money is only looking to get your money.
2007-01-03 21:34:35 · answer #2 · answered by Common Sense 7 · 0⤊ 0⤋
Hi,
Most profitable woul be forex or shares trading. Yes it is risky business but reward really worth it.
Why don’t you start your own forex or shares trading? I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available, spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years.
Currency (forex) trading is attractive because it is very high income and you could trade from any place in the world and at any time from Sunday night to Friday night.
Another way you could find trader who accepts private investments and invest with him/her.
If you are interesting and/or have any question please don't hesitate and pm or e-mail me (press on my name) and I provide you with further information.
Good luck!
2007-01-03 18:50:22 · answer #3 · answered by VP 3 · 0⤊ 0⤋
Short term? Go for a CD. Make sure you call around for the best rates, though... ask each bank you call if they have any specials.
Just an FYI... a good bank will state "annual percentage yield" first and "interest rate" second, and they will offer to send you information on their CD rates. This actually is a federal regulation, so if these things are being done, your bank is doing its job!
2007-01-03 17:49:28 · answer #4 · answered by Paul T 4 · 2⤊ 1⤋
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http://investing.sitesled.com/
I am sure that you can get your answers in this website.
Good Luck and Best Wishes!
2007-01-04 00:49:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Is a year short term?
2007-01-03 19:33:05 · answer #6 · answered by Anonymous · 0⤊ 1⤋
cd's you have a guaranteed return or T bills
2007-01-03 17:48:08 · answer #7 · answered by BEACHRESCUE 4 · 1⤊ 1⤋
fruit jar
2007-01-03 17:49:29 · answer #8 · answered by madmilker 3 · 1⤊ 1⤋
cd's
2007-01-03 17:48:42 · answer #9 · answered by ? 7 · 0⤊ 2⤋