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| *Ostroff, Fair and Company>>>Other - Business & Finance |
What's a good way to invest money? |
Basically I have a little extra money that's in my savings account, but savings accounts don't really have high interest rates. I want something similar to a savings account where I can draw on it if I need to without being penalized, but will earn me money. What type of investment would be good for me? Try ING direct Source(s): ingdirect.com The best way is to do it through your employer I think. See if they have an investment plan. Congrats for having extra money. I will say that Mutual Fund is the best & safest place to invest our money http://investmentguide.notlong.com... I am involved in mutal funds. My financial councilor asked a series of questions inwhich he determined what I would consider an acceptable risk. Ask people at work what groups they are involved with. Some are better than others. Another concept is "Laddered" Cetificates of Deposit. Have your savings spread out in such a way that you have a CD due each month. That way there is some available each month. |
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