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I would like to invest my money, i am just lost!? |
What are some ways to invest a little moeny at a time and reap the rewards 2-5 years from now. I am talking like a few thousand dollars. First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. (Some people say 6 months.) Financial disasters like getting layed off or sick happen to all of us. Real estate mortgage loans are pretty risk free because if they don't pay you get a new house. You can also buy tax liens from the government. Real estate is the way because it isn't going anywhere. Stocks, if you can find a good one. I like Joe's answer. However I'd like to add one additional point; If you want higher return withoug involving yourself much in the transactions, mutual funds are the best investment. If you want to play total safe, go for Fixed Deposit with any of the reliable bank or Government Bond. If you want to take risk for higher return, enter equity market, study for some time and select value pick stock and invest. |
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