where should one invest his money

Philippines
December 8, 2006 1:11am CST
i have resesrched and found out where should one place his money to make it grow: Life Insurances - they give around 7-12% a year. Mutual Funds - can have your money grow for you without too much involvement. Banks - Savings are currently below 2%, checking can be higher, time deposit accounts can give out 7% UITFs - Similar to Mutual Funds, banks provide these. VUL - insurance version of Mutual Funds/UITFs. note: alot of VULs outperform MFs and UITFs.
5 responses
• India
9 Dec 06
stock market is best place in my view here is some of the finacial calculators to help you calculate: Compound Interest Present Value Rate of Return Annuity Bond Yield Mortgage Retirement. www.stockmarketwisdom.blogspot.com
@milott (2646)
• India
9 Dec 06
With the current trend of going up, I feel investing in share market would be the best option because it is moving in only one direction that is, up. This could be the best time to invest in market as most of the markets in world are following the same trend and most the economies are booming. You should either choose stock market or if you are hesitant to take risk you should definitely at least choose mutual funds for investments, because it is the second best option after stock markets and risk is also comparitively less as your money is shared and diversified instead of investing in a single company.
@Sir_bobby88 (8231)
• Singapore
8 Dec 06
I think taking a portion of your savings and invest in the shares market is not a bad thing yea ...
@grad2006 (354)
• United States
8 Dec 06
Share market is cool place to invest and learn some real time investing, but you will need to do the in depth analysis of your market area.
• Philippines
8 Dec 06
save for your future - save for your future
i prefer Time Desposit on a trusted bank. I can wait for years as long as my money increases. I'm not comfortable with other money investments because I hardly know them, lol. I just heard that Time deposit is much better:)