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Where is the best place to invest money (about 拢5000) to get the most interest? |
Where is the best place to invest money (about 拢5000) to get the most interest? The "best" depends on the amount of risk you are ok with. But if you want a good safe return, put it in a CD at your bank, somewhere in the mid 5.5% range (the longer the CD term, the higher the interest percent typically is). Investing in Options trading, if you are interested contact me and I will get you connected. Depends on how risk you're willing to take, the bigger the risk, the bigger the potential gains but you also stand to lose some of your initial investment, personally I would put 拢3000 of it in an ISA and the rest in a high interest instant access acount, there are plenty around that pay 5% or more per year thry asking the same question on this site or follow the advice given, it covers the risks tie ins, basically it looks at all the available options and explains them in simple terms, or you can buy these lovely magic beans Banco de Paulo Estobar, Medellin, Columbia. Blue Planet have really good returns at present rates your money will be worth around 拢15000 in 3 years ,also any of the Aberdeen trust pay top returns,see an independent advisor for what will suit your needs best. eat drink & be merry Safest but least return is the saving account. I would go for this option. Investment is generally a choice between return, risk and liquidity. You should possibly restate your question to cover the different dimensions of investment. |
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