What-Where-When-How ~ the best way to invest money?
By vanessa11
@vanessa11 (296)
Philippines
September 14, 2012 3:17am CST
Hi myLot friends, please give me some advice or any of your experiences when it comes to investing money on something? Because I am really confused right now on what to do with the money I saved while working. Still, my money is kept in my room and can't decide if I should put it on a bank or can't think of any investment.
Appreaciate all your feedback :D
1 person likes this
2 responses
@KOSTAS499 (1624)
• Greece
15 Sep 12
Opening a store or something like that is not always the best choice. You must think hard before you decide.
You should either find something that is profitable or turn your passion for something into a business. Those two I believe are the choices that work.
You might make some interest money in a bank too. Ask if they have accounts that are closed for some time (week, month, your choice), they give higher interest.
@vanessa11 (296)
• Philippines
16 Sep 12
Right! Very good idea =)
Okay I've decided since everyone here tells me to put my money in the bank =D while I'm thinking what to do with it. How about time deposits or hmm I forgot the other one. What was it called? ugh! Lemme search for it, I forgot the term.
But anyway, Thanks alot me friends here in myLot =D
@riyauro (6421)
• India
14 Sep 12
yeah it is good to invest in a business. Start a small business of your interest. hey but may i ask if you don't mind. Why have you not banked the money??? You could have earned interest on that by now and money could have accumulated and you know that it is save there. All the best. Thanks for sharing and have a wonderful day ahead. 
@vanessa11 (296)
• Philippines
15 Sep 12
x3 well I dunno either myself. Maybe because of emergency reasons, if I need the money then I just can go to my room and no hassle going to ATM machines or banks xD But anyways, hmmm lemme think of a business that would fit in my saved money.
Same to you have a good day!
