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I want to save or invest money? What is the best way? |
I want to save or invest money? What is the best way? Put aside 10 percent of everything you earn and place it in a secure, guaranteed investment. Mutual funds are not guaranteed. Here's the process... Make it automatic. The first thing that happens with the money from your check should be a transfer to savings or an investment account. That way, even if you spend your whole paycheck, you have saved that week/period/month. Most banks offer "investment" services to their customers for free. You could sit down with this person, they would explain all of the options that are out there and discuss with you what you want to get out of it, what risk you are willing to take and then you can decide if you like any of the products they have to offer. |
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