I want to invest some money so it will gain interest quickly. So it can just sit and grow . Im not sure which one or ones I should choose. Any suggestions? Thank you.
2007-02-20 16:17:55 · 3 answers · asked by jenha1005 3 in Business & Finance ➔ Personal Finance
If you want to just let it "sit and grow", you will need a safe investment that you do not have to monitor often. Municipal bonds, T-bills (both of which will incur broker fees), bank CD's, a money market account, or a regular savings account. But that also means the interest will be lower than some other investments that could pay higher, but is risker and needs to be monitored closer.
2007-02-20 16:23:01 · answer #1 · answered by Brian G 6 · 0⤊ 0⤋
You just hit on the $64,000 question. If we knew this we would be all doing it and it would not work for long.
There many ways to gain interest but it just does not happen quickly you have to study and be patient or be incredibly lucky.
See suggestions in others who answered your question but again there are not Guaranteed ways to grow rapidly.
2007-02-21 00:42:38 · answer #2 · answered by Brick 5 · 0⤊ 0⤋
my dad is a realotor that is a bad idea u should still hava job
2007-02-21 00:21:50 · answer #3 · answered by SAM 1 · 0⤊ 0⤋