Hello Friends,
I have about 10k saved up and thinking about investing it. But I dont want to invest in the stock market, I dont like the idea of throwing your hard earned money out of window. Can you please advise me what else I can invest which give me max return. I have no knowledge of investing and feel like I should ask. I am looking for something like if I invest 5k and will be like double in 5 yrs. Do you know any good way to invest and grow you money and get max return.
Thanks in advance for your help!!!
2007-01-24 07:20:09 · 7 answers · asked by Rahul 1 in Business & Finance ➔ Investing
"Throwing money out the window" ...It seems you have a very poor view of " the stock market".... Look around you... do you see those buildings? do you see trucks and trains delivering this and that to stores and factories? do you see huge airplanes, filled with people traveling for business and pleasure? do you see any construction? nice houses? big boats?.......Don't let fear of the unknown cloud your judgement...those things ( and much, much more) are just American ( and international) business at work ...and that is all that the "stock market" is.
Change from " no knowledge " to just some knowledge and you won't have the feeling that the " market " is some evil monster just waiting to take your money!
There are cautious, safe, conservative investments ( in a BAZILLION different areas) that can help you to " double your money in five years"....
Just take a little time ( a couple of nights.. maybe a couple of weekends) to read a few on-line investing info....take it slow.. when you understand it a little better...put one quarter of your money into a fund...leave the rest in your best bank account.....
in a year they will probably earn the same amount of money TOTAL. ( if you picked a nice global fund)
Look into funds at http://www.finance/yahoo.com/funds
...or at investopedia
Your " hard earned money" should be working for YOU now!
I have nothing to gain by telling you this..YOU have everything to gain...believe me..( or the 60 million Americans socking money into 401's and IRA's )
Don't end up being the crabby old guy at McDonalds looking at people and mumbling about " rich bastards...all the breaks...why not me?... "
2007-01-24 08:15:05 · answer #1 · answered by jebediabartlett 6 · 0⤊ 0⤋
you aren't going to get 5K to double in 5 years unless you invest in stocks and then you have to pick the right ones.
2007-01-24 15:29:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
no one answer to this, depends on your age and risk tolerance and personal situation. There are a gazillion articles out there, suggest you go to smart money or money magazine website and read some of them.
2007-01-24 15:25:45 · answer #3 · answered by jim06744 5 · 0⤊ 0⤋
24% Annually without risk.
Top 4 Answerer.
2007-01-24 18:59:05 · answer #4 · answered by Anonymous · 0⤊ 1⤋
I think you should go to your local bank, ask to speak to a banker. You will be surprise how much information you will learn from your local bankers they are friendly and a will cost you nothing to get it.
2007-01-24 15:29:31 · answer #5 · answered by ism 2 · 0⤊ 0⤋
I would recommend you to do Forex trading as it will give you fast returns quickly. You can start with very little money and check.
Hope it helps.
http://money-review-site.com/investment.html
http://www.money-review-site.com
2007-01-25 20:25:38 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Why not in real estate? High rental return.
2007-01-24 23:24:30 · answer #7 · answered by Ging 1 · 0⤊ 0⤋