It depends on what you're looking for.
If you're looking for a long term investment, I'd probably find a couple mutual funds. It also depends on how much risk you want to take. Your highest returns would probably be in stocks but they are also your highest risk.
You could pick maybe an aggressive mutual fund and another one with less risk, like a growth fund.
Of course, there are always CD's and Money Market accounts but the return on them is not likely to be as high. But they will be insured by the FDIC and your return is guaranteed.
Do some research on Mutual Funds, CD's, Money Market accounts and even stocks. Decide what you want from the money, long term investment, high risk, low risk, short term gain, long term gain.
Then make a decision on what you feel is the best investment for you. No two people are alike so it's really hard to tell someone they absolutely should be in one investment or another.
2007-03-23 13:05:14
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answer #1
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answered by Faye H 6
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I can show your what it would have done if you invested that same 10,000 in the Forex using the software program of FreedomRocks. You would be absolutely amazed at how well it would have done. I would even say it would have out performed any other suggestions that have already been made. If you would like a copy of that spreadsheet email or call me. Check out http://wiseforexinvestor.com to get an understading of what FreedomRocks is all about and how it is a wise investment.
Best Regards,
Rex White
503-922-1475
rexwhite@wiseforexinvestor.com
2007-03-26 17:59:43
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answer #2
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answered by Anonymous
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I'd recommend opening a brokerage account (Scottrade, tradeking, etc) and buying shares of what are known as exchange traded funds. These are mutual funds that trade on stock markets and allow you to own a little stock in a large number of companies quickly easily and cheaply. This is safer and easier than buying individual stocks (since you don't have to do research and you effectively eliminate the possibility that you'll pick a bad stock.)
Two funds that track the S&P 500 (a list of the 500 main US stocks) are the SPDR fund (ticker symbol SPY) and the iShares fund (IVV.) A lot of other funds also exist--snoop around online (morningstar) or go to a bookstore and you should be able to find plenty of info.
Good luck.
2007-03-24 03:53:26
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answer #3
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answered by Adam J 6
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All depends on what you are looking for. Do you want to invest in your future or short term. Cd's are great for the short term, mutual funds are great for long term.
Go to your bank and ask to see the investment rep and talk to them. Its free and you can get great advise. In the mean timne put t in a Money Market account. You can get a high interest whil you are making the decision. A money market account is a liquid account.
2007-03-27 16:25:42
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answer #4
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answered by Pepper 6
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Decide your risk, term, & expected rate of return!
Risk: low risk, high risk.
Term: small term( upto one year)
medium term( one year to three year)
long term( more than three year)
low risk, small term: bank deposit, bond, gold.
low risk, medium term: any open ended mutual fund.
low risk, long term: mutual fund of emerging
market like india.
high risk, any term: equity(shares).
2007-03-24 11:35:10
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answer #5
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answered by pritamgola 2
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shares & mutual fund.....
2007-03-23 22:36:07
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answer #6
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answered by siva k 2
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