We are trying to save money for my maternity leave, which will be this July. What is the best way to invest a few thousand dollars and make it grow in this period of time?
2007-02-04 02:06:04 · 9 answers · asked by Anonymous in Business & Finance ➔ Investing
look into a short term cd.....not great, but it is short term.
2007-02-04 02:12:15 · answer #1 · answered by Ken 3 · 1⤊ 0⤋
For a 5 month period, you should invest in a savings or money market account. Try ING direct or your local bank. You could put it in a short term CD too. 5 months is not enough time to safely make money in stocks, because you can't ride out any short term decline.
2007-02-04 12:17:32 · answer #2 · answered by rklst9pitt 3 · 2⤊ 0⤋
Hi ,
I have what I think is a great trading system for you.
Unfortunately this system comes with so many problems that you probably won't be interested in it....
First, you don't ever have any losing days with this system and we never use stops so there are no losing trades.
Second, you don't use any charts and I know how much most folks love charts....as much as I used to love them.
Third, it only takes 30 minutes a week to trade. I know that you guys devote your lives to trading so this system "just won't do it."
Fourth, it only makes about 20% a month in profit so it will double your money every 3 or 4 months.
Fifth, it's not a directional trading system so it makes money in all markets whether the price goes up or down.
I was going to tell you about it but because it has all these problems, I won't bother you with it. I'm sure you wouldn't pay any attention to it even if you knew about it.
Paul Upp
http://www.15daytrial.com
2007-02-06 23:58:56 · answer #3 · answered by Anonymous · 0⤊ 2⤋
check out www.bankrate.com for the highest rates on 3 month or 6 month CD's or money markets/savings accounts.
2007-02-04 10:18:51 · answer #4 · answered by gosh137 6 · 2⤊ 0⤋
Dont take interest.You are simply a loser.You have to work and sweat n earn.Dont earn cool money and it is fixed. So dont take interest.There are better short term investments.Interest only will give you a fixed amount. You cannot maximize it. But try stocks. Its the best and highest investment.
2007-02-04 10:50:28 · answer #5 · answered by Faazil 1 · 0⤊ 4⤋
I would suggest you to invest in good shares. Check the website http://money-review-site.com/shares.html
to learn more on shares and stock trading and how to select the best stocks.
Hope it helps
http://money-review-site.com/shares.html
2007-02-04 19:21:42 · answer #6 · answered by Anonymous · 0⤊ 0⤋
it depends on which country you are in. Money market instruments offer the lowest risk, while stocks and currency/ derivatives offer highest risk. In any case, you need to ask yourself how much risk you can handle, ie how much of capital you can afford to loose.
2007-02-04 10:17:02 · answer #7 · answered by J 8 1 · 0⤊ 1⤋
trade in future with chart study
2007-02-04 12:22:42 · answer #8 · answered by dinu_pawar 5 · 0⤊ 1⤋
CD & time deposits.
2007-02-04 10:13:39 · answer #9 · answered by McDreamy 4 · 1⤊ 0⤋