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What's the best way to invest money short-term? |
We are trying to save money for my maternity leave, which will be this July. What is the best way to invest a few thousand dollars and make it grow in this period of time? look into a short term cd.....not great, but it is short term. CD & time deposits. it depends on which country you are in. Money market instruments offer the lowest risk, while stocks and currency/ derivatives offer highest risk. In any case, you need to ask yourself how much risk you can handle, ie how much of capital you can afford to loose. check out www.bankrate.com for the highest rates on 3 month or 6 month CD's or money markets/savings accounts. Dont take interest.You are simply a loser.You have to work and sweat n earn.Dont earn cool money and it is fixed. So dont take interest.There are better short term investments.Interest only will give you a fixed amount. You cannot maximize it. But try stocks. Its the best and highest investment. For a 5 month period, you should invest in a savings or money market account. Try ING direct or your local bank. You could put it in a short term CD too. 5 months is not enough time to safely make money in stocks, because you can't ride out any short term decline. trade in future with chart study I would suggest you to invest in good shares. Check the website http://money-review-site.com/shares.html Hi , |
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