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Where can I invest some money? |
I dont have bunches of money, but I want to invest money somewhere that will make my investment make money quickly. Does anyone have any suggestions please. I do not want to be scamed, and lose my money- Dear LEE! Right now the metals market is hot. Gold and silver, they are both skyrocketing in price. You can find reputable dealers online, APMEX is one that I trust. Gold and silver coins, pure only, not 40%, are a good bet as you will always be able to sell them. For example, I bought my wife a 1 ounce gold piece for christmas 3 years ago at $513, today's price is $835. Most investors who know their stuff will suggest investing 20% or so of your total holdings (stocks, retirement acct, etc) in precious metals. Bad investment advisors will tell you to buy stock only. It depends on how much you have and what you're investing for and when you need it, etc... If you want very low risk, which I'm assuming you do - since you don't know much about investing and don't want to risk losing you money, I would say you can invest in semi-conservative mutual funds (for long term). If you think you'll be needing the money in less than 5 years, you should probably stay out of the stock market/mutual fund arena and simply buy CD's (Certificates of Deposit), or put your money into a high yield money market account. You could probably look for close to 5% interest this way - depending. Investments involve risk so get the idea of quick money out of your head. If it was that easy, we'd all be rich. Good question. We would need more information about you in order to help you. Like your age, investment time frame etc. Please read my profile and send me some information about yourself. I will be happy to give you some direction Since you don't have a lot of money, you must be careful of so-called 'get rich quick' schemes. Also, investing is a matter of how much time, patience, and money a person has. Since you didn't state how much money you had to invest, here are my thoughts: |
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