Hi !
Now that the bank intrest rates are sinking, can anyone suggest which are the best places to invest money ? Or suggest any bank with good intrest rate.
Thanks
Vinni. Hi, Vinni,
Interest rates in the US are going to continue to go down, because of the credit crisis. Federal Reserve is trying to avoid a recession/depression.
You don't mention whether or not you're living on the interest from your bank. I'm assume not, since bank interest hasn't been very high for a long time.
So you're saving for the future.
Good, but you should still keep putting your money where it will pay you some income. And you should reinvest that, to keep building up your wealth.
Diversify.
Here's my list of good income oriented investments to consider:
1. Exchange Traded Funds (ETFS) that represent stocks with a long history of paying dividends, such as from Mergent Dividend Achievers Index.
2. Foreign and U.S. ETF of real estate investment trusts.
3. A few good master limited partnerships.
4. A few good Canadian income trusts.
5. Bonds from corenotes.com or treasurydirect.gov .
6. ETF of Treasury Inflation Protection Securities (TIPS) -- the ETF symbol is simply TIP.
best, Rick Stooker Go to seriouspaid.com they have a wide range of investments. Here is my personal strategy.
I invest in solid companies with fairly high yielding dividends.
Do your own homework, because a high dividend is not always a good thing. However, the companies I have invested in I have thoroughly researched, and I am very comfortable.
ACAS
HTE
MIC
MMP For the best place to save (bank saving account, CD's, money market accounts, etc) go to www.bankrate.com for the highest FDIC insured bank yields in the USA.
For the best place to invest (for interest/dividends plus growth of principal) the past has shown common stocks (or equity mutual funds) have been the best place with an average yearly growth rate of around 11%. the stock market. Hello,
I also had a similair problem as you have.
I had a good amount of money, and wanted it to grow.
So I looked around on the internet to find something that is:
1) giving me great returns towards a relatively small risk
2) Professional people who know what they where doing with my money.
I'm glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
On this blog you can follow up all the results that he is making:
http://my-robottrader.blogspot.com/
My money is working for me, in three months time I already have a ROI of 92%.
So you don't hear me complaining!
Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
Then I'll give you the email adress of my moneymanager
Hope this has helped you! Without having more information about your personal information, such as age, current income and other data such as risk tolerance, martial status, and demographics it would be very inappropriate for me or any other person to provide specific information in this type of media
There are thousands of people just like you that are, or were looking to invest and those that did buy Mutual Funds. One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no experience investing.
Fund companies have an entire array of products many will fit your needs.
You can go to the MSN.Money website it has an entire section on mutual funds. Read about the various funds and in doing so you will be getting investment ideas and at the same time educating yourself about investing.
You could also contact the funds companies for more information. I have found that Vanguard & Fidelity can meet your needs. The service and information they provide is all free and you will find it helpful. And remember, keeping you money in a bank or bank product is not investing.
Good luck | 