I have this money and it's not doing anything and I just don't wanna waste it on junk or stuff I don't need what should I do with it?I would really like to be making money on the money I have how would I go about that?
2007-10-07 03:15:57 · 10 answers · asked by Anonymous in Business & Finance ➔ Investing
I would park it in a money market or something simple to use for a fund if you're sick, hurt, or fired, or otherwise until you decide what to do.
2007-10-07 03:24:55 · answer #1 · answered by steve.c_50 6 · 0⤊ 0⤋
I would be vary wary when investing your money, very wary. Most likely you will lose but it also depends on how long you can commit yourself to the investment. Most investments are over 10-20 year periods. If you really do want to invest it, go to a financial institution, most banks offer investment services. If you're not willing to gamble i'd put it in a high interest savings account then save it for a rainy day or when you really need it.
hope that helped :D
2007-10-07 10:21:13 · answer #2 · answered by billett_billett 1 · 0⤊ 0⤋
Put 50% of the money on a CD then half put it on a safe stock such as Coke ,Pepsi, Johnson& Johnsons or if you want to speculate buy Apple stock the company is still strong no matter what & at $160 I think it's still of good value it will go up till the $200's mark just imagine this almost everyone on the street you see them with an Ipod !
2007-10-08 02:54:46 · answer #3 · answered by Agent_Detergent 2 · 0⤊ 0⤋
This is a really interesting question and I find myself in somewhat similar circumstances. I'm saving to buy my house and without going into too much detail sometimes I'm tempted to just fritter it away on buying junk that I don't need.
I find personally that you can't go wrong if you invest in and ISA or try and invest in property or put your money in a high interest savings account, I really hope that this answer has been a help to you,
Best of luck!!
2007-10-07 10:19:52 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It depends how attached you are to your money. If you don't mind lossing acouple of bucks try the stock mareket. There are free progams you can try, to learn how to trade. you will get out what you put in. Another words if you reasearch a company you will know if you want to invest in them or not.
2007-10-07 10:55:25 · answer #5 · answered by brian p 1 · 0⤊ 0⤋
if u can save rs 5000 to 10000 a month try to invest in systematic invetment plans offered by mutual funds and have financial planning/allocate your xs money in insurance for your and ur family .
but do not forget to take care ur parents .
best of luck
2007-10-07 10:42:42 · answer #6 · answered by babaji 1 · 0⤊ 0⤋
Look at my last question on my profile I am looking for investment, see what you think! Tell me that you are the guy who I asked to check out my proposal and leave me your contact details, preferably and email address. Cheers!
2007-10-07 11:22:18 · answer #7 · answered by Anonymous · 0⤊ 0⤋
send me a email at cblandis88@yahoo.com
I can give you some ideas that might help
2007-10-07 16:23:29 · answer #8 · answered by flowmaster888 1 · 0⤊ 0⤋
Half in stocks rest in LOTTO!
2007-10-07 10:18:57 · answer #9 · answered by adam d 2 · 0⤊ 0⤋
yes
2007-10-07 10:29:40 · answer #10 · answered by Rana 7 · 0⤊ 0⤋