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Money to invest? |
i have let's say 拢40,000 (40 thousand). I dont want to spend any of it at the moment. So, i want my money to grow obviously. If i put it into my "ordinary" service account i dont think i will get a return for my money. What's the best think to do with it. Any good ideas? thanks in advance better put your money in CD or mutual fund if you don't know what to do. You could buy some stocks with it, or put it in a C.D. It depends on how long you want to invest for. Bank bonds, cash management accounts are good for the short term (3 - 12 months). But if you are looking over a longer period, say 10 years, shares and managed funds are the best for high yield returns. Your bank should have financial products to assist with these. It is also good to speak with a couple of financial advisors, compare what they have to say and choose the situation thats right for you! ING Direct online pays over 4% , 5.35 on 1 year CD and is insured in US. Open a brokerage account at TD Waterhouse and buy BP, HSBC, Aviva, Royal Bank of Scotland, Tesco, HBOS, Prudential, Barclays, Vodafone, Lloyds, GlaxoSmithKline, Legal & General, BT, Old Mutual, Anglo American, J. Sainsbury, Centrica, Standard Life, AstraZeneca, Wolseley, William Morrison, BAE, R铆o Tinto, Scotish & Southern Energy, Compass Group, British American Tobacco, National Grid, British Airways and Kingfisher. Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it. try http://goldenbullpicks.com |
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