Lux Investing
Give me ideas on which stocks I should buy I need to invest money, give me some good performing stocks, mutual
funds, short term investments, cds in the bank, anything that gurantees a lot of profit in short period of time cd is good idea, give me an answer, asap as soon as possible.
Public Comments
- "A lot of profit in the short term" is pretty ambiguous...depends on who you are/what you're trying to do. Are you a multimillionaire investor? Or just have a couple of hundred bucks to shell out and you're trying to "get rich quick?" If you will need the money in less than a year, I suggest going with a Certificate of Deposit (or a CD). Check out www.bankrate.com-they have rates from many banks in the USA. If you will not need the money, I suggest going into the stock market...but real wealth is accumulated slowly...think long-term, not penny stocks. If you're not into investing, go with an index fund or an ETF index fund. Some of my favorites are Vanguard's S&P 500 Index fund (VFINX) and the Spyder ETF (SPY). Tracking the market over the long term will allow you to accumulate wealth as well. I hope this helps!
- How does 12% for six months sound?
- go on yahoo finance and read the articles on stocks you need to know about and the daily tips etc. There is also a FREE advisor on Fidelity .com that will ask you questions and walk you through an analysis that will pick mutual funds for you. try it.
- frank and zocko gave you sound advice. i strongly suggest that you ask no one but yourself where you should invest your money. also frank asked a couple of good questions which must be honestly answered. i suggest if your a novice that you learn investment termonology&market fundamentals. jim cramer has written excellent books for the individual investor. also ctach his show on cnbc ( mad money ). don't let the title fool you . jim is dead serious about teaching the lay person how to successfully invest. be patient be patient be patient!!!!
