I'm thinking about CD's. Are there any other ways? BTW, I'm not knowlegeable with stocks nor mutual funds.
2007-08-17 11:01:43 · 8 answers · asked by RJ 1 in Business & Finance ➔ Investing
The most important questions you should ask yourself before you make an investment decision are:
1) when will I need this money
2) What is your risk tolerance- (how much can the value of this investment go up & down before I lose sleep at night.)
How you answer those questions will dictate which investments make sense to consider.
2007-08-17 11:15:10 · answer #1 · answered by ellissanjose 2 · 0⤊ 0⤋
break it down first off with online savings banks patying comparable to most CD's it s better off just going with an online bank plus the fact you can get your money back at anytime.
So what if you have no knowledge. I started off with Mutual Funds in sectors that I liked. And read a lot studied a lot and watched a lot and went from there. It isn't brain surgery.
But until you know fo rcertain wehat you want to do put the money in the online bank and let the interest ride then invest when you get ready.
2007-08-17 11:07:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Long term investment? Just looking for a place to park the money?
If looking for a place to park it, and not really knowledgable about stocks, I recommend one of the high interest online savings accounts like Emigrant Direct or Amboy Direct or HSBC Direct. They are routinely paying over 5% and beat a lot of CDs. Plus since it's a savings account, your money is not locked up for months or years.
2007-08-17 11:15:51 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
The idea of making plenty of money appeals to many and they realize that it is not easy as it sounds. Most of the times, they lost a lot of money. Then they shunned the stock market and lost their faith in it. But these people did not understand the working of stock market in the first place. They thought that the money would simply fall in their lap as it happened to many others without trying to find out the reasons and methods applied. By following these strategies, you can easily save yourself from the most common mistakes of others.
http://debt-trap.com/category/Tips-To-Invest-In-Shares.html
2007-08-17 22:56:36 · answer #4 · answered by biskio 2 · 0⤊ 0⤋
Send the money to 1600 Penn Ave Washington DC . They know how to invest!
2007-08-17 11:08:27 · answer #5 · answered by eye 3 · 1⤊ 0⤋
Open a brokerage account at Zecco and invest in MasterCard, Visa, Discover and American Express.
We are going to need a lot of credit cards in the future!
2007-08-17 11:36:20 · answer #6 · answered by Anonymous · 0⤊ 1⤋
You can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.!
Open an free account and get $5 reward!
http://www-forex.spaces.live.com
2007-08-18 05:27:21 · answer #7 · answered by Anonymous · 0⤊ 0⤋
halfin it in stocks
2007-08-17 11:04:22 · answer #8 · answered by so curious 3 · 0⤊ 0⤋