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What are some investment options if I do not need access to my money for a while, like CDs but with stocks? |
For example, CDs give favorable returns since investors have limited access to those funds for a certain period of time. Stocks, however, can be sold at any point. What types of investments can I purchase if I don't need that liquidity at all times (like a CD), but I would like to take on the additional risk, which may offer higher returns. Start with a good basic investing book like "Investing For Dummies." It covers the basics on most types of investments. consider stocks, but hold them for a longer period of time. remember no one is forcing to sell any stock that you have chosen. illiquidity can be a serious problem if things go badly. but if you insist on holding your money for a while consider some type of fund. |
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