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How do I invest money for my children, so that it will double over the next 10 years? |
What options have the biggest payoffs, but the less risks. I know that there are stocks but, I don't know anything about stocks. There are CD's but, how do I know which one is best and who to purchase them through? Please Help! What else are there besides these two options? you sound like a candidate for treasurydirect.com .. Ibonds in a custodial account for the kids. make regular contributions to it. To do that, you will need to average 8% a year, and right now only mutuals, metals, property, stocks and ETFs can pull that off. What you're describing sounds like a savings bond. You can save those for years and double the value. You should be able to go to any bank to get one. There is nothing out there that you can invest in that will definitely double in 10 years. Investing in a diversified stock mutual fund or ETF is your best bet, but even with that, there is a small chance of losing money in 10 years. |
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Depending on your goals, I advise my clients to invest safely and protect what they have worked for. We offer a fixed product that is safe, guaranteed, and grows tax deferred at no fees to the cli... so, how to know which stock to invest in? when you should buy them? and, how you can make money from? fundamentally, you can use various key financial ratios to start screening which stock wor... Well, if you're not seasoned with stocks, I would take the advice of others and invest it in an online high yield savings account or money market. ...you are correct. If they do go belly up, it will take a while for FDIC to cover your CDs, and they will not cover the interest only the principle. Now Bank America has taken a very large position... I would have to look at the details of the plan, but initially, this sounds like one of the dumbest things I have ever heard. 1) Credit cards won't give you a high enough limit to buy real ... go to your financial adviser or to your bank financial representative,they will give a good advise ...my rule of thumb for this is to reduce debt if the interest rate on the debt is over 1/2 my long run average rate of return for the asset i'm thinking of investing in. I ignore taxes when I m... Try one of the " alternative energy" ETF's...PBW or GEX.. with the cost of oil staying high , other sources of energy are really being explored. ... |
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