will u save your money in the bank or use it to invest in funds or stock?
17 Dec 07
When we were in India it was worth saving money in the bank as we got good interest and this interest added up more money to your savings, but here in Isarel we do not get any interest for savings that is why people spending money on cars and other such costly items or invest them in various ways. Basically I think it is better idea to invest in some profitable fund, but depends how much risk and unsecurity is involved in such investiment.......sometimes one may have to face total loss, which my ruin your full life.........so in such cases where people are simple and do not have much experience about business world should save there money in bank while those who are experts in this feild, might try their luck in various kinds of investiments........Have a nice day.
• United States
22 Jan 08
All 3, in building net worth we need to acquire income in all facets and have out money work for us (all cliches aside). Having money in the bank is good, but having certificates of deposit is good becuase of the interest we gain. Also, investing in low-risk mutual funds is another good way to build money. If you have the money, investing in real estate has alot of income potential. It is important to have alot of money making strategies for the potential, and also for the different things to fall back on. I plan to do all 4. Banking, CD'S, mutual funds, maybe stocks, real estate, and my normal career. Hopefully this helps. Good luck!
17 Dec 07
I have started investing about a month ago, but not in funds or in stock. I started investing in moneycycler. I have invested $32 in total and have made $150 so far. So I just keep my earnings and reinvest the money. So I can make more out of it. If you are interested you can see a link in my profile. If you have any questions, feel free to ask
14 Mar 08
lets be honest guys...real estate business sucks these days....there can and should not be any investments done in that sector....and with fed cutting there rates down you probably are better of not investing in banks,,,,the only remaining options are either investing in commodities or stock market.... Commodities are highly priced though to an extent some commodities like Natural gas and gold guarantee a definate growth but at the same time we can also invest in stocks of the company that produce these commodities.....i have some very good stock investment plans....i am a stock broker and i can recommend couple of stock without an outright guarantee because of market risks and other stuffs involved..but yes i have a very high rate of confidence on the performance of these stocks in mid to long term
3 Jan 08
About two years ago, I started to invent my money in funds and had a good earnings. My friends had ever recommend some stock to me, but its risk is too high and I do not know how to control and manage it, so I give up.