2007-02-26 03:19:43 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
You should first do a lot of research about the banks you would be opening these in. Find out what the interest would be and choose the best. Also i don't know if i would put in a cd right now for more than 6 months to a year. The rates aren't too high right now, and you don't want to have money in there when they do go up, because you won't get all of the money you were supposed to get if you take it out too soon.
2007-02-26 03:29:06 · answer #1 · answered by Dazana R 1 · 0⤊ 1⤋
Most likely neither. Munis are for high income indiviuals. Cds are not an investment. After inflation & taxes may seem to have more money but will be worth less than it was before. A nice closed end fund like ADX a fine start. Around $14 so 100 shares not too much. Either that or an index mutual fund makes sense. Your options just don't fit. No need for a lot of research or cking of banks at all.
2007-02-26 05:06:07 · answer #2 · answered by vegas_iwish 5 · 0⤊ 0⤋
Depends on your tax situation, risk tolerance and time until you need the money. Please provide more information. If you have 15+ years until you need the money and will be able to sleep at night knowing the value of your investments may go down for XX number of years (remember the tech bubble of the late 1990s? The market reached its high point during March of 2000. 7 years later the dow has past its former high point but the S&P 500 and NASDAQ markets are still lower.) equities (stocks if you have time and the will to keep tabs on them, or mutual funds invested in stocks if you don't have time...) are the way to wealth. Under 10 years to invest? Low risk tolerance? Low tax bracket? Then cds are the way to go (Check www.bankrate.com for the highest rates). Less than 10 years, low risk, high bracket? then muni bonds may be better.
2007-02-26 03:34:37 · answer #3 · answered by gosh137 6 · 0⤊ 0⤋
This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/x7Ftg
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.
2016-02-15 14:17:10 · answer #4 · answered by ? 3 · 0⤊ 0⤋