investing my money

@eric_v_b (261)
Canada
December 17, 2007 11:00am CST
Hello everybody, I have a little money I would like to invest, but I still do not know where to put it. I was wondering if you could give me some ideas on investing some money. I do not want to put it on internet advertising or anything online, I want to find something else. Any ideas?
2 people like this
6 responses
solson
@solson (406)
•
24 Dec 07
put it in a savings ccounte in the bank at let it grow
eric_v_b
@eric_v_b (261)
• Canada
24 Dec 07
I am looking with something with higher interest rates. For now, thats what I am doing. However with a savings account, I will only make something like 4%. If possible, I would like my investment to grow at more then 10%. But thanks anyways! By the way do you have any other ideas?
eric_v_b
@eric_v_b (261)
• Canada
24 Dec 07
I am looking with something with higher interest rates. For now, thats what I am doing. However with a savings account, I will only make something like 4%. If possible, I would like my investment to grow at more then 10%. But thanks anyways! By the way do you have any other ideas?
eric_v_b
@eric_v_b (261)
• Canada
24 Dec 07
Sorry, I do not know why it posted twice!!
1 person likes this
girlgonefishing
@girlgonefishing (2174)
• United States
17 Dec 07
My brother belongs to a site where you loan money to people and receive interest from your loan as they make the payments. You can bid on different interest rates and different loan amounts. For example, you can bid an interest rate of 10% on a 50.00 loan and so fourth. I've seen bids on there for as high as 21% for 10.00! My brother says he is doing very well on it. Request me as a friend and I will approve you and send you the link.
girlgonefishing
@girlgonefishing (2174)
• United States
17 Dec 07
Yes, it's free to join. When someone request a loan they fill out an online form with their information and then their credit is checked through Experian. Lenders then bid on their loan by their credit score. If they have a bad credit score, you can get a higher interest rate from them but, it is a more risky loan. If they have good credit, you can get like 8% or so on that loan and it isn't as much of a risk. I'm going to PM you the link right now.
girlgonefishing
@girlgonefishing (2174)
• United States
17 Dec 07
oops! I can't PM you because you are not my friend yet. I just requested you as a friend. Just approve me and I will send you the link.
kykidd
@kykidd (6812)
• United States
17 Dec 07
If you want to have a guaranteed percent of interest you could just put it in a ING Direct savings account. They pay more than your traditional banks. I am receiving 4.1% right now and I can move the money any time I want. Just a couple of advantage points to think about. Plus there is no risk involved.
eric_v_b
@eric_v_b (261)
• Canada
17 Dec 07
Thank you kykidd, but I am already with ING Direct. I love that bank, since you can do everything online and the interest rate is pretty good. Thanks anyways!
LUXMISAI
@LUXMISAI (15)
• India
17 Dec 07
hi eric_v_b(31) I have a site www.healthhomejob.com in that there are some adv. about retirement plan, and other good source of investing money. you can have a look at them. If you want to keep the money for future safty then go for a pf account in bank. or you can put it on to a cumulative account for a fixed year like 10 or 20 years. It will be definitely a huge amount for you after that years. Do it wisely. Good luck.
eric_v_b
@eric_v_b (261)
• Canada
17 Dec 07
I do not know if I am willing to put money away for 10 to 20 years. It is a pretty long time. I like to be able to move my money around, so I can get the best possible interest rate.
fineexistence
@fineexistence (574)
• United States
23 Dec 07
I would definitely recommend the stocks and options market if you haven't started trading. There can't be a better time to take advantage of the big swings in the market now. :-) Good luck!
fineexistence
@fineexistence (574)
• United States
23 Dec 07
I like to be in control and act on it when I want to without lag time so I trade online and realtime without a 'real' broker. You might like to check my website (link from my profile) if you are interested. I try to share as much as possible about trading there.
eric_v_b
@eric_v_b (261)
• Canada
23 Dec 07
The stock market has always attracted me, but I'm not sure how it works. What I mean, is that I don't know how to put my money into the market? Do you use a real broker or the internet?
mommymogul
@mommymogul (6)
• United States
23 Dec 07
I have several investment strategies that may interest you depending on your investment goals, risk tolerance, and the amount of money you are looking to invest.
eric_v_b
@eric_v_b (261)
• Canada
24 Dec 07
You seem like a pretty knowledgeable person. I would be glad if you can help me. Tell me about some of your investment strategies? Which one of these strategies do you use and why?
mommymogul
@mommymogul (6)
• United States
24 Dec 07
I use a variety of strategies, both short term and long term, and low and high risk. Usually, the shorter the term, the higher the risk. The higher the risk, the higher the return. Each has its pros and cons. As with any investment, there is the possibility of losing your investment. I would definitely suggest you take the time to consider how much you are willing to risk, what type of return you are looking for and how quickly. There are plenty of solid investment vehicles out there. It is just a matter of finding the one that suits your needs.