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I want to invest money is first cash investment a safe company?


I want to invest money is first cash investment a safe company?

Do you mean First Cash Express? I would stay away from that one.

If you're looking long term (over 5 years), I would go with a stock mutual fund. This will fluctuate in value over the short term (so don't panic when the market goes down), but over the long term you could reasonably expect an average of 8-10% per year. If this you're new to mutual funds, start out with an S&P 500 Index fund (Vanguard has the best of these) - this will spread your investment across the 500 largest U.S. companies (Microsoft, Disney, GE, Coca Cola, etc.).

If you'll need the money in less than 5 years, stick with certificates of deposit (CD's) at your bank or credit union. They only pay around 5-6%, but you're guaranteed not to lose any money.

I hope that helps!

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