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WIlll someone please tell me a good way to Invest money? |
I keep reading about compound interest and rates as high as 10% but where do you invest for a `10% return Mutual funds have an average return of 12% over the past 28 years. That might be a good vehicle for you. The best investments are over the long run. The first two things that those of us that aren't independently wealthy want to max out are our retirement funds and our housing. If you already own your house, then great! Putting as much money as allowed by law into your retirement fund earns good interest, plus it generally save you percentges of tax. That adds up a lot. The best place is in Real Estate. You won a property and sell for higher or rent and glean profit from those investments. Think of your society's current need....make an idea to cater it... make money..... No other source can beat this income.... I'm with "retired at 36". I invested with aid4families about a yr ago and I haven't regretted it for a second. Best investment i've ever made. You should go and read the site for yourself. You must be able to evaluate risk of any investment. All the safe places for investments, like banks or BS deposits, government bonds etc, yield about 6%. To get more than that involves risk, and the more the potential reward, the greater the risk. If you decide to invest in the stock market, I think a good place to start is by checking out what the best investors are doing at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends. take a look at http://www.wwipg.com i recommend you to read Guide To Investing by Robert T Kiyosaki...he is the millionaire guru...he will explain why most people fail to make money while the still own 80% of the stocks...get this here |
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