Lux Investing
Best way to save/invest money for maximum return?
mid 20's male wanting to invest ~$15 - 20,000. I have looked into high interest savings and CD's and bonds but i feel that more than 5 or 6% can be made off that much money within a year. Yeah i know as far as a retirement plan that will be long term...but I'm just into straight up making some money, right now, that can help me start my life after college. So what about money market account, stocks, mutual funds,...?
Public Comments
- Mutual funds will probably give you a higher rate of return , but if you are looking for security, stick to cd's
- hi there, I think the quastion you sould ask is how to invest, i suggest 1) you need a plan, a financial plan for your whole life 2) dont get greedy hearing those stories wee made million by investing this much thus much exectra ,,, 3) you need to educate your self, read some books , a) rich dad poor dad and its series b)anthoney robins, c)read about warren buffet d) keep reading e)avoid investing on tips just avoid them F) you need know where you want to go before you start your jouerny. sounds boring yes it is and the thing is i dont want to post crap hear your still young you have time you can spend some time to learn this things. change your thinking about money, you need think like a your self as a master and your money as your slave and you need to keep them busy to get rich to make more money this are things i thougth you will need to get start. and dont ever think about mitual funds, invest for long term, life time investment, life time opertunity, ect this things are crap. care full with money matter,
- I'm a 28 year old guy myself, Unfortunately the rates are down on everything right now. Most one year cd's are paying at most 3.25%. however it;'s the best option right now. unfortunately anything that pays 5-6% right now would be considereed an investment with risk, wether it's stocks or mutual funds. On january one you could have gotten a one or two year cd for 5%, unfortunately not today.
- Without having more information about your personal information, such as current income and other data such as risk tolerance, martial status, and demographics it would be very inappropriate for me or any other person to provide specific investment information in this type of media There are thousands of people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges. Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. You can go to the MSN.Money website it has an entire section on mutual funds and Exchange Traded Funds. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing. You could also contact the funds companies for more information. I have found that Vanguard & Fidelity can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful. Remember, keeping you money in a bank or bank product is not investing. And do not take investment advice from anyone who is not currently investing, and don't let anyone every tell you not to invest. Good luck, I hope I gave you some directions
