where to invest
December 24, 2008 7:59am CST
i m 15 years old ,live in India. the problem is ;i have 100$ cash in my hand i want to increase it where to invest??
• United States
27 Dec 08
Bank account? Now thats great joke, lol. That has to be the most UNSAFE place to put your money. Well unless you have an offshore account. Then your money is really your money. Bank accounts here in the USA only offer something ridiculous like 2.4% per year max 3.6%. Right I'm making about an average of 4% every 2-5min minutes trading currency during the holiday. Thats just because the market movers have the spreds up to ridiculous amounts. Before the holiday season & after I'm averaging about $1usd per 3 seconds micro trade. Your right about stocks though. I would not even touch them with someone elses hands. Trading currency is where it is at. A 1 trillion $ a day market can't be wrong.
25 Dec 08
I would suggest you open a mini account and buy some stocks ,get an advisor to advise you about some good stocks which should be able to appreciate in two or three years. This money should be left in the stocks and not withdrawn after a short time. Alternatively you could invest in stock derivatives such as unit trusts and the money left for an extended period of time. Finally you could buy money market instruments such as government bond and mutual funds .I don’t know what the cost of these instruments will be like but you should start calling up financial institutions and ask for advice