Banks, brokerages, mutual funds but not government agencies.
2007-02-23 04:04:18
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answer #1
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answered by Anonymous
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Do not hold 1 in a bank. Need to have some chance for success. A brokerage is the proper place. Schwab.com 1 of the better spots.
2007-02-23 11:44:59
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answer #2
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answered by vegas_iwish 5
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I vote for Schwab also. But, you have to educate yourself about investing. Nothing is easy in life, and education and hard work are the ingredients for success in all fields. Having said all that, with a Schwab account you will make more interest in the uninvested cash than any bank will pay, have full and total control of every detail of your investments (did I mention getting educated?) and, HERE IS THE BIGGIE, it grows without annual taxation. You will get taxed when you take it out, depending on the type of IRA you choose, but in all IRA cases, you will owe NO TAXES on your growth. True compound interest.
2007-02-24 05:51:05
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answer #3
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answered by ZORCH 6
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IRA's yes on bank, not sure about gov agency.
2007-02-23 11:31:41
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answer #4
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answered by chefantwon 4
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