How to invest?

Question

how can i invest? where??? i got 9,000 and i would like to save it so i can get more money in the future, i like the investing idea but is it too risky?, what banks have high interests? so i can put my money there and my money grows year by year

Answer 1

use ur money wisely in buying unit trust which can give u much money than u save fd in the bank,trust me here.of course u've to study the unit trust background first b4 u buy it.take care.

Answer 2

You can learn how to buy stocks and about investing through a number of websites. I like www.fool.com. They also have some excellent books on the subject. I also like reading magazines like Kiplinger's Finance and Money. You can join an investment club where everyone puts in some money each month and you learn how to research investments: www.better-investing.org for details. Or you can buy stocks without a broker, see www.dripinvestor.com. You can put it in a bank for a while until you learn. Find a 3-month or six-month CD paying about 4% interest, perhaps through ING or E-Trade. However, you don't want to put it there forever, because you can do better in the stock market and your money will grow more. And no, investing isn't too risky if you learn about it first. Read up on "The Rule of 72" (just google it), so that you can see the difference in life between making 4% in CDs and 11% in an average stock market.

Answer 3

i suggest you split this amount into certain categories of investment. I use a Safe category and Risky category. where the safe category funds are put into low to no risk investments like time deposits Government Bonds etc. The risk category will be the funds i dump into anything for a quick buck, so casino sportsbet, stocks, you name it.

You can split the safe-risky ratio any which way you like. I think 85% and 15% is a good split where 85% of your funds is put into a stable investment where your money can grow steadily over a longer period of time. But must be flexible i think also, hence why time deposits and government bonds are great. And the other 15% dump into some high risk quick short term investments.

The way you split the investments really depends on your attitude towards risk and money. If you really shy away from risk and want to make sure you dont lose any of it, then dump the whole 100% into the safe category, if you are very risky then maybe even split it into a 70-30 split anymore than that on the risky category is asking for trouble, in my opinion. But up to you.

Good luck and remember to shop around for the best interest rates, you can always bargain with banks for higher interest rates on time deposits.

Answer 4

Basically, there are two kinds of investing: short term and long term. If the money is to be used in the relatively near future (within the next 5 or so years)--such as for a home downpayment or a car--invest it short term. It should be placed in a safe investment, like a bank or credit union certificate of deposit, or a money market fund. The first webpage listed below gives you more information about short term investments.

If you want to invest long term (e.g., for retirement or college expenses of a child), think about a mutual fund. The easiest thing to use is a lifecycle or target date fund. These funds are managed by professionals who allocate your money into a diversified portfolio designed for long term growth. You don't have to do the investment strategizing yourself. The second webpage listed below tells you more about these funds.

Answer 5

Investment means spending or putting aside money for prospective financial gain. Investment consists of buying financial assets like stocks, bonds, funds, or insurance. Stock investment is the method of putting money in stocks to earn more money in future. You should understand the main reason why you want to spend money buying a particular stock. This step should preclude investing in stock. It allows you to move swiftly as soon as the price of the stock goes down a lot. If you know the main motivation about purchasing a specific stock, you will not hesitate to buy it once the price falls.