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Best way to invest $2000 for someone with no assets and no savings? |
I heard that credit unions will pay up to 5% per year, is anything else a better investment? I really don't want to spend this money, we have no other savings.... A credit union savings account would be OK, if you qualify. Otherwise a bank savings account. Since you have no other savings, you need to have the $2,000 available quickly in case of an emergency. Once you accumulate a larger fund, you can look for investments that pay a higher return. |
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ask them ...BICN.OB Try it, you'll like it! ...You could try www.zopa.com ...Sounds like he can't afford to retire. Unless you are going to support him, I suppose he'll have to keep working. ...A 'risk-free' investment, such as a Treasury security, currently yields about 5.5%, and hence will fructify to double in about 13 years. In portfolio theory there is a direct correlation ... No, it's not. Health insurance IS a good idea. Private dental insurance is not. You need to insure yourself to meet your current financial goals. There is such a thing as being "i... If you are trying to sell a product on the internet I would totally recommending selling your product on Ebay. I can't think of no other website that can get your product out to as many qualif... State and local taxes vary by area so there is no overall answer. For federal taxes part of the $35,000 would be taxed at 0%, part at 10% and part at 15% ... |
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