Investing Money
By 5SCPapaLou1
@5SCPapaLou1 (143)
United States
January 28, 2008 5:09pm CST
I'm looking for some suggestions where I can invest some money and make a good return. Because of my age and the downturn in the stock market, I'm not investing any more money there. I had been buying CD's from online banks (ING Direct) which was paying a better rate than your standard bank but their rates are dropping now. If you have any suggestions I'd appreciate them.
2 responses
@safeinvest (16)
• Malaysia
4 Dec 08
This is the Best: HSFX Asset Management
http://tinyurl.com/hsfxasset
http://tinyurl.com/hsfxportfolio
@ryantakyan (148)
• Philippines
29 Jan 08
I suggest that you don't invest your money in banks because the inflation rate is bigger than bank rates. Technically you will earn more money doing this but you should consider the value of your money. You may receive good interest earnings for banks but the value of you money after a future time will go down. It is only good to invest money at banks when interest rates are at its highest and it is higher than the current inflation rate.
Economic-wise, if interest rates are low (based on 91-day TBills)it would be better to spend your money since it only entails lesser opportunity cost. But you have to spend your money on feasible assets where you can possibly derive economic benefits in the future.
You can also use your money to put up a business. A small one would do or you can find partners who are also willing to invest their money in a business.
