Credit Card Forums

[gscs]

Do you invest your money? Which investment method is safe and yet get high interest?
I hope to have a personal financial planning now to manage my income and expenses. Of course, will try to set an amount for saving every month.

[CowAdmin]

If you don't invest your money your wealth will not grow. You have to make money work for you so investing is a must for anyone that wants to increase their wealth. As far as investments there is plenty, you just have to be very careful as to what kind of investments you get involved with. I think first and foremost you need to determine if you want aggressive growth or more modest safe growth, then you can sit down with a professional money market manager and look at your options. Also a popular choice for most people are CDs which nowadays offer anywhere from 4%-6.5% depending on how long you leave your money tied into the CD, typically the minimum amount of time is 6-months.

[MasterKard]

There's different types of investments as CowAdmin said, however if you want to get a high yield back, your best bet is to make your own investment. For example buy something for a cheap price and then resell it. It takes a bit of time, and there's some risks involved but your probably get more $ than if you put it in a bank or elsewhere.

And there's also those investment programs that claim high interest and whatnot but you have to be careful as a lot of them are scams. They are mainly found online, I've actually done a few of these. I remember doing one a while ago that allowed you to invest $1 as a minimum amount, and promised a 50% of that within 2 days. And within two days I got $1.50 and I withdrew it. However, about 2 more days passed and then it collapsed, they no longer allowed you to withdraw.

That's known as a HYIP, stay away from them..

[geb9696]

I am relatively young and have a decent amount of money that I can take risk with to lose. So I invest it into the stock market and the domain name market. I have been pretty successful investing in the stock market. I have recently seen a nice return on m investment into domain names yet I do see that it is a very volatile and illiquid market. Stocks trade every second. It takes atleast a few days to get rid of a domain.

[vijay001]

Now I am in the collage I have no plans to invest the money but I can say that everyone should invest the money in bank for intrest where the money is safe no risk and you feel tension free.But if you want take a risk you should invest your money in share market where there is no gurantee.