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If i put 10000 dollars in mutual savings how much will i make in six months? |
what the best investment for my money? First, mutual fund investing is usually for a much longer time frame than 6 months. Many mutual funds will charge you a penalty for withdrawing your money in such a short period of time. Mutual fund investing is not FDIC insured like banks are. There is no guarantee you would make any money. You may even lose money in a mutual fund over a short period of time. They are really designed to make a good return...like over 8% annually, over a period of three or more years. Of course, you hear about returns of 20% or more on some funds but these are To begin with, I dont think you can do a short term investment. They usually lock it in for atleast a year or so. The return depends very much... in growing economies, you can get somewhere between 28-70% For USD10000 investment, you can get a return of USD7500, but it's not working like that, you have to wait until 15 months or 450 days and you will get back USD30000. Awesome isn't it? Hi, i know what your question means. i also think stock market is a nice place for investing. 1) You could make $5000 if you pick a good mutual fund and lose $2500 if you pick a bad mutual fund. |
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