I'm looking into investing my 10,000 into a cd.. but thats only 5%.
.. i dont know anything about the stock market.. and i dont know much about investment..
any advice ?
2007-02-16 06:56:06 · 8 answers · asked by nola_cajun 6 in Business & Finance ➔ Investing
i'm not looking for it as a retirement.. but .. am looking to invest for the next few years..
thanks
2007-02-16 07:04:30 · update #1
Look into mutual funds. It is an easy way to invest in the stock market since they decide on the stocks to buy and sell. You can invest any dollar amount and receive fractional shares based on the latest fund price. Check with your bank or a stock broker.
2007-02-16 07:02:20 · answer #1 · answered by Barkley Hound 7 · 0⤊ 0⤋
CDs are not a good idea right now. You will basically lose money to inflation etc.
It really depends on you. Do you want easy access to it or are you willing stash it away for a while. A money market is something you can do if you would like to have easy access to it.
You can also put money into a mutual fund of your choice or diversify and do all of the above. You have a great many options to you. My best advice do your research and accept risk responsibly.
2007-02-16 07:02:59 · answer #2 · answered by R Worth 4 · 0⤊ 0⤋
there is no such thing as earning money without investment. When you invest your labour services in a job, that is investment. When you buy lottery ticket to win big money, that is investment. the only way to earn money without investing is either you inherit it, or you stumble upon a bag full of money or the money just drop from the sky
2016-05-24 07:22:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
nothing is best in this world when come to investment. if you not sure or don't know a thing on investment, don't try. don't even ask. any news get to you by than will be yesternews. if it going up it fine, if it going down, get burn.
learn the way to invest, if not stay put and get that 5%.
2007-02-16 07:09:47 · answer #4 · answered by Spidy Josh 2 · 0⤊ 0⤋
depends on what you want to do with the money if it is for retirement then open up a roth ira if you need it in the next few years then open up a cd with ingdirect.com they have some of the highest percentages.
2007-02-16 07:01:33 · answer #5 · answered by sheets0681 2 · 0⤊ 0⤋
Mutual Funds!
2007-02-16 06:59:17 · answer #6 · answered by pdmalek 3 · 0⤊ 0⤋
Property.
2007-02-16 07:04:12 · answer #7 · answered by Mighty C 5 · 0⤊ 0⤋
Roth IRA's
2007-02-16 06:58:50 · answer #8 · answered by Anonymous · 0⤊ 0⤋