What would you suggest as a safe and profitable investment?
By Alechin
@Alechin (217)
Slovak Republic
July 21, 2011 7:18am CST
I have little economical knowledge and i would like to know what your opinion is about investing. I was told it was very wise to invest into gold and silver. I dont know about that. It certainly seems to be a safe investment but is it really profitable? Is it not better to invest into other kind of stocks or shares? What do you suggest? Any commodities?
1 person likes this
5 responses
@raj_gupta (311)
• India
21 Jul 11
All these things can be done only if you have the knowledge of the whole system and as far as them being safe goes, no - They are not safe!
Among all these or others, I guess Forex is the most secure one. Then again, Its just what I think, I am no expert here of investments...
If you are good for betting then there are a few sports betting ways that are safe.
@Alechin (217)
• Slovak Republic
21 Jul 11
Okay now im not gonna lie you got me interested. Now i know how forex works but just barely. Can you explain? And what would you invest in on the forex market? I have heard about some sports betting systems, but i have never actually investigated any of them. Do you have any experience with them?
1 person likes this
@raj_gupta (311)
• India
21 Jul 11
Let me answer all those one by one...
- No, I can't explain Forex. Because even though it is most secure out of all those mentioned, it is not risk free and hence I have never gone deep into it.
- From what I have heard, the more you invest the better it is in case of Forex.
- No, I have no experience with sports betting either but I can explain it to you and if it is legal in your country, I would love to even team up with you for this. Actually Sports Betting is illegal in India and hence I can't take part in it. But one way of doing it is 100% secure and hence I have done some study of it. Though that method is not a long term thing but you can make a few grands easily. Let me know if you are interested and in what way.
@Alechin (217)
• Slovak Republic
21 Jul 11
Well then i have to look into forex some more on my own. Thanks for the info tho. I have never done much sports betting. But it is legal in the country im from. If you can enlighten me about the way that is 100% secure i might be interested in trying it out. I hope that it isnt something illegal.
1 person likes this
@AgentGulaman (3546)
• Philippines
21 Jul 11
Of course, the safer and the lesser the risk, the lower the yield and rewards. It would really depend on your risk tolerance. If you are risk averse, try going into special deposits and money market funds. Time deposits have gains which are really low so I don't suggest them. If you have a tolerance for risk try investing in mutual funds. Fund managers have the know how and expertise to help you gain money, it's just about trusting them. If you don't trust others then go for stocks, however, these are very volatile securities but very high yielding and rewarding. Gold and silver is a nice investment but of course it is safe but not as rewarding as stock yields. Try to look for other bank products that suit you best. They will assess your risk tolerance and would be able to suggest what investments is appropriate for your personality so do drop by your trusted bank.
@Alechin (217)
• Slovak Republic
21 Jul 11
Yeah it would probably be wise to stop by the bank and ask what they can offer. But I am a little suspicious about economists. You know... banking establishments are more dangerous than standing armies. I dont actually know how a mutual fund works. And further what stock would you invest in? Thanks for the advice tho.
@AgentGulaman (3546)
• Philippines
22 Jul 11
That's why banks often call their products as trust accounts or trust funds. It is a matter of trust and relationship with your bank. Of course, they are ther to earn and profit but they need your money to do so. So it's like a give and take relationship on both your part. Try searching for resources in the internet about investing. Also, try grabbing some books about it as they are really helpful to speed up the process of learning those investment techniques. As for stock picking, it really depends on which companies you trust if you will be a growth or value investor. Being a stock trader on the other hand is quite different as they don't attach themselves much on the company they are investing in to. I suggest you read some blogs and resources in the internet about stocks too. There are a lot of them available.
@Alechin (217)
• Slovak Republic
23 Jul 11
Well from what i have researched gold actually did increase its value much faster than just to keep up with inflation. And silver is actually expected to increase in value even faster than gold, making it a very sound investment. I wonder, is all this talk about dollar and euro being close to collapse valid at all, or is it just bogus?
@darapmonsta (653)
• India
21 Jul 11
you mentioned that you have knowledge about all that stuff so i would advise you to try your habds in shares, mutual funds and FOrex, although among ll three Share market is most risky but mutual funds and forex aren't that much i would say investing in mutual funds is better than Shares. O for Mutual fund investment.
You can do it by visiting any banks nearby you they will explain you everything. Mutual funds investment are actually same as Share markt but it is done by some specialists, they take money from you and invest it in different regions where they have cances of growing up. I don't know much about it but will happy Share with you how much i know.
Forex is also a less risky investment because international currencies rates not move much, so if you investing in forex it is obvious that you have to invest some big amount to gain some big. It will not double or tripple but it will give some percent of that amount, perent is in single digit only.
Try investing in which you have knowledge, where you know you can make it up at worst situations. Also never invest money on loan or money you ave after loosing you will be left with nothing. try investing you extra money which you will not sad after loosing it.