2007-09-04 06:09:39 · 13 answers · asked by Stella V. 1 in Business & Finance ➔ Investing
if you managed to buy high quality stocks at discounted price, 5 per cent per annum is not a big thing actually
2007-09-05 12:03:27 · answer #1 · answered by BigBen 5 · 0⤊ 0⤋
Stocks make more on average, but not every year. If you want to have as much money in 200 years as possible, stocks are better; if you want to be sure that you will not have less money in 1 year than now, savings account is better.
2007-09-04 15:07:24 · answer #2 · answered by StephenWeinstein 7 · 0⤊ 0⤋
Saving account are not meant for anybody to make money they are a helpful way to save money but The interest rate are so low that you cannot become an overnight millionaire..... I think the best way on making money is try using a 401k or some type of mutual fund in where your money is reinvested. Stocks right now might be a little harry because of the market... but in the long run mutual funds might be your answer...... Invest long term
2007-09-04 13:18:06 · answer #3 · answered by Ollie Williams 2 · 0⤊ 0⤋
It is always better to invest in stocks b/c of the return rate. Most savings accounts offer little interest for the amount invested. Before investing in stocks i suggest you read up on the terms and conditions, investing in stocks can be risky at times. I"m sure if you do the research, you may be able to find stocks that offer a 5% compound interest of return. Hope this helps. =)
2007-09-04 13:14:12 · answer #4 · answered by Erica S 3 · 0⤊ 0⤋
Savings accounts are terribly low right now averaging about .5% earnings, so I would invest in a mutual fund, or stocks. Just make sure you talk to a licenced investment professional. Prefferably someone with a few years experience and a reputable firm!!!
2007-09-04 13:13:45 · answer #5 · answered by melissaw77 5 · 0⤊ 0⤋
Maybe. It depends on how the stock you buy does.
Over the long run, stocks return about 12% per year but there are peaks and valleys.
I bought some stocks a couple of months ago and, if I sold right now, I would lose about 10%.
2007-09-04 13:14:29 · answer #6 · answered by Wayne Z 7 · 0⤊ 0⤋
It's great to invest in stocks, however you must focus on a long term investment if you do so. The average market return in the US stockmarket is 12%, but if you only invest in a few stocks it can be and probably will be much more valital. I would say invest in mutual funds if your looking for a 5-10yr investment, stock for 10-20yr investment.
2007-09-04 13:14:13 · answer #7 · answered by David K 2 · 1⤊ 0⤋
You can but it is hard to go at it alone. You should have some in a savings account and some in mutual funds and stocks. Just know there are no gaurntees in any market. If you need help there are a ton of brokers out there who are really good.
Mine is Named Dave Bembas. his number is (248) 273-4371 if you want to know more.
2007-09-04 13:15:26 · answer #8 · answered by DJTT 3 · 0⤊ 0⤋
Stocks are like gambling, they go up and down. They need constant watch and may go up or down very fast. Some stocks are more dependable than others. To answer your question yes you can make more than 5% a year as i personally have doubled my money in stocks.
2007-09-04 13:13:55 · answer #9 · answered by Andrew E 2 · 1⤊ 1⤋
Savings accounts suck, stock is where its at
2007-09-04 13:12:24 · answer #10 · answered by Anonymous · 1⤊ 0⤋