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anyone knows any type of a safe investment...well i know nothing is risk free but what is good for a beginner who doesn't have much money to invest????? any help or suggestions?

2007-03-21 15:09:54 · 10 answers · asked by withfaith 1 in Business & Finance Investing

10 answers

Low risk would be government bonds, doesn't take a lot of money would drive you toward a bond mutual fund.

I would recommend you to to somewhere like www.sharebuilder.com where you can invest very little money for very low fees in the stock market. If foliofn.com is still around they are an alternative.

For basic, beginners info go to www.motleyfool.com

Whatever you do, save some, all the time. If you start by saving all your change that's okay. This year I'm not spending one dollar bills -- amazing how many (and how bulky they get) you wind up putting in savings.

Just do something . . . over time you'll be amazed at how it'll grow.

Good luck.

2007-03-21 15:28:34 · answer #1 · answered by Rnr39 2 · 1 0

A bank CD (certificate of deposit) is a good, safe, short term (or long term if you want) investment that is very easy to open. The drawback is that you can't get your money out easily if an emergency comes up. Money market accounts are also good. They may require a bigger investment, but your money is readily available when you need it. Just keep in mind that safe investments don't usually give you a very high rate of return.

2007-03-21 15:20:46 · answer #2 · answered by Brian G 6 · 1 0

I am literally in the same boat as you. If it is money you will eventually want before retirement age a money market is a great place. It has liquidity and can yield higher returns than like CD's at the bank...if you are thinking long term you may want to go the mutual fund route. I am in the midst of researching all of this now. The Internet is a great tool and should be used before making any quick decisions. Also, talk to a tax adviser they are a great help.

2016-03-28 23:03:58 · answer #3 · answered by Anonymous · 0 0

You might do well to buy shares in a mutual fund on margin. This is when the broker lends you money to invest, usually at about 10% interest. If you find a fund that can return 20% per year and pay for it with half your money and half borrowed, then your investment returns 40%, and you pay the broker his 10% of his half. You wind up with your money plus 35% per year. The risk isn't that bad, and brokers encourage margining within reason.
You can make it work like a reverse credit card, with money coming out instead of in.

2007-03-21 18:22:22 · answer #4 · answered by The man in the back 4 · 0 0

A short term cd(certificate of deposit). You can start them at some banks with $500.00 .They are insured and you can get your money out when it matures(depending on how long you want it in for..6 months, 1 year, etc). Right now they are not drawing very much interest but they are safe. There is a penalty for early withdrawal. It's a safe way to get started saving. When it matures, if you want to leave it in again you can add more money to it if you choose.

2007-03-21 15:23:05 · answer #5 · answered by DOT 5 · 1 0

yes there is. you can try invest in index which niw are popular in world. Invest usd100 within 100 days, you can get 250% money gurranted!!! There more you invest, the more u get. The daily return is 2.0% untill 3.0%, depend on your initial investment. Try it out!! I had try it and it working well!!!!

2007-03-22 01:24:14 · answer #6 · answered by fais 1 · 0 0

HSBC money market account 5.05% interest, 0 risk and very liquid

2007-03-21 15:52:05 · answer #7 · answered by Jeremy B 2 · 0 0

A bank savings account.

2007-03-21 15:16:57 · answer #8 · answered by Anonymous · 1 0

Forex! you can start with 200.00 thats what i did a few weeks ago now i have 3g's

go to http://www.forexaim.com and it will give you free info which is what i used!

hoped this helped

2007-03-21 16:20:33 · answer #9 · answered by m2cgbldlr 1 · 0 1

ETFs.

2007-03-21 19:06:55 · answer #10 · answered by Anonymous · 0 1

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