Good investors please answer. Investment Tips.?

im 22, in school with some disposable income, i already have an rrsp on the go but im looking for a type of investment with a higher yield for the short run. I have some knowledge of types of investments but i am looking for someone who is an experienced investor that could provide some guidance.
what is the best investment for me?
I have heard of a few such as Forex, RIET's, or even just ING Direct savings.
Help PLEASE

You might consider opening a Roth IRA with a broker such as Fidelity. Fidelity is a pretty good investment company. And since I'm assuming that you have already paid your taxes on that money, it would be better to put that money in a Roth IRA since they don't charge you taxes when you pull it out later like a regular IRA does. Another option might be and investment savings account with a company. I know GE has an investment savings account where you can earn about 8% interest a year. Although I'm not sure if you have to have family that works for GE. My first consideration would be a Roth IRA with Fidelity. If you are looking for a higher yield in the short run, you might consider looking at international mutual funds. They typically have a higher return but they do have a little more risk to them.

The order of investing is usually this:

1. Your employer savings plan up to the amount where the company matches

2. Roth IRA

3. Balanced stock and bond portfolio.

But you said short term and most of the above a long-term. ING Direct will give you 4-5% recently on savings and CD's. But I'd recommend you look into municipal zero coupon bonds. Guaranteed rates, you pick the maturity dates, and it is tax free. You'd have to tell me what exactly short-term means to you, so I guessed at 5-10 years.

Forex would be a good option but only after you've educated yourself and practiced in a demo account. I've found http://www.babypips.com to be a good reference for forex education and training.

Also you'll want to find a long term investment strategy that minimizes your risk in the market. Check out this blog for a hedge strategy that I think you'll find very easy and simple to understand: http://freedomrocksreview.blogspot.com/ I'm in my 20's as well and the best thing we have going for us is time. I think a lot of people are age don't realize that the power of compound interest can build significantly if you start early. Best of luck to whatever avenue of investing you choose!

For the short to medium term I'd go for oil, gold, silver, agriculture "softs" and miners.

Gold is the classic hedge and you can see it going real hard right now. Silver is on the up but I think has a long way to go yet as if often trails gold once the gold bugs get the jitters and gold slows.

Oil, well that's only going one way - remember how they all scoffed in 2005 when that analyst guy forecast $100 oil...Basically, consumption is going up and supply is not increasing and will start to decline.

Agriculture, China, India etc have huge growing meat demand. Producing meat = more land required for grazing it and much more for grain to feed them. Problem - land is in short supply and despite big harvests loads of it is going into biofuels...This is why you may have noticed food prices going up in your local shops - Case in point - I saw a woman screaming at the shop assistant recently over how much butter had gone up. Poor guy, like it was his fault! But that REALLY brought it home.

Miners - basically rising demand for metals especially copper, gold, silver, uranium, platinum but short supply and you can't just open a new mine just like that, takes 5-1搂0 years. So quality miners are a good bet too.

How invest?
I like ETFs (Exchange Traded Funds) for pure resources - Gold, Silver, Agriculture etc - See http://www.ishares.com/splash.htm...

Oil, you can ETF trade it. I also like Shell and Gazprom in Russia. Ethical no, profitable...very likely bigtime. Speculative...Falkland islands holdings, Lots of oil around there but hard to get at...

Miners...not my thing so much though I do own some Xastra shares. My main punt here is via the ETFs on what they dig up. Miners are good if you're good at spread betting though, they go up and down like crazy short term so are cool for spreads and day traders if you can call them right!

Forex...you can make a ton from it but also lose tons. This is one to learn about in depth first. Maybe start on the shares and build up to derivatives...