Roth IRA, Mutual funds, Stocks, ING and why? any other i dont know?
2007-02-19 12:23:29 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
well ING (and the other online banks) pays a decent apy for savings and they are FDIC insured. Everything else isn't. There is no one "best investment". Diversify is the best advice I can give you.
2007-02-19 12:29:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You can set up a Roth IRA and invest in stocks,and mutual funds, within that IRA. If you work for an employer who has a 401(k) plan, then you should max that every year. And then put whatever money is leftover into the Roth.
Whatever you do, invest in high quality securities, and diversify. It takes some investigating before you invest. (That's what you're doing when you wrote your question).
It also takes experience, patience, and discipline. Good Luck !!
2007-02-19 20:52:37 · answer #2 · answered by ? 6 · 0⤊ 0⤋
It really depends on why you want to invest,
a Roth is great for retirement.
but if you want to tap into that $ in case you find your self in a financial tight spot I would go with a mutual fund
I have an ING savings account and i really like it.
If you decide on Stocks or even a mutual fund be prepared to look after your own investment. When you give someone else your $ to invest you need to make sure your $ is going in the right direction and have a good understanding of why.
2007-02-19 20:39:56 · answer #3 · answered by mburleigh8 5 · 0⤊ 0⤋
Stocks in a Roth IRA account.
It's the best income for investments (depending on which companies you pick) and it's tax free retirement money in the Roth IRA.
2007-02-19 21:59:57 · answer #4 · answered by zander1331 3 · 0⤊ 0⤋
The best investment is education.. then you can make your own informed decisions and not rely on the whims of public opinions and least of all the advice of a "professional" adviser.. tsk tsk.. I was one and handed back my license.. no thanks.. The advice I was forced to give by the banks I worked for.. WAS ALL WRONG!! People lost money as a result and I was protected by the law.. what a joke that is.. so Yeah.. avoid mutual funds.. unless you know what you're doing.. avoid ANY advice from a "professional" as 95% of the time they will only give you biased advice.. and also be warey of the stock market.. in fact.. learn ot read between the lines.. coz in many cases.. when a negative report comes out.. then theat's the best time to actually buy.. but they never tell you that bit.. coz they're trying to get people to sell cheaply..
ITS ALL RIGGED!!
like most things in our honest society... tsk tsk..
Educate yourself.. I did and now I'm rich..
2007-02-19 20:35:44 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Stocks because you decide how big or small the amount of money that you want to make. Never invest in mutual funds..Do your research first.
2007-02-19 20:26:44 · answer #6 · answered by ambiance_co 1 · 0⤊ 0⤋
stocks
2007-02-19 21:31:01 · answer #7 · answered by sup 5 · 0⤊ 0⤋