is it CD or mutual fund or money game or forex or stocks option or gold or small business or what?
Thanks for answering!
2007-03-22 09:25:10 · 3 answers · asked by Vincent 2 in Business & Finance ➔ Personal Finance
I agree with Monkey. You should have a diversified portfolio with some investments liquid in case of emergency, some investments in tax favorable strategies and some investments into growth vehicles.
CDs pay too little interest, mutual funds may be a good choice for some of your funds, stocks make me nervous because company results seem to be easily manipulated (Enron, pre-dated options), it is probably a good thing to have some gold for an end-of-the-world strategy. A small business would be an excellent choice....controlling your own destiny.
I only recommend for my clients to participate in Forex as part of a long term investment portfolio utilizing conservative hedging strategies.
Best wsihes for a prosperous 2007.
Paul
2007-03-22 11:54:39 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Depends. i have a family so my first investment was life insurance...second I have in emergency fund in an online account so that I can get to it easily...then maxed out 401k with a mixed, yet aggessive portfolio...next plan is for my husband and I to put money in our Roth IRA(long trem retirement) and bonds( for a nearer home purchase), but unfortunatly everyone is so different (taxwise and lifestyle) that it is not one size fits all.
2007-03-22 10:18:16 · answer #2 · answered by monkey 4 · 0⤊ 0⤋
Mutual funds from Vanguard or Fidelity. did you ever hear that stupid saying"don't put all your eggs in the same basket?"
2007-03-22 09:30:30 · answer #3 · answered by gvh 3 · 0⤊ 0⤋