what financial savings is best for me now?

  • Thread starter Thread starter acu_alex
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acu_alex

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I'm just startimg and dont have lots of money to invest in 529, ira, bonds, stocks, mutual funds,... and all the options available that people suggest to invest in. Right now, what's is the best option to put my money in? or maybe slit it in half in two options. help. thanks
 
Keep it out of the hands of big business or corporate agencies and just try to make money on your own! Buy or invest in something that you think will go up in value. Find good deals and purchase goods at a low price and try to sell them at a higher price. The old business rule buy low in one area and try to sell high in another area.

Or just stay with safe investment that you know will increase even if slowly. Do not keep all you eggs in one basket. Do not leave anywhere for too long of time. Best of luck to you.
 
Without doing any research for yourself I'd say a simple online savings account. Check HSBC Direct.. they currently have the highest APR%.

401k has struggled as of late but their still a good option imo. If you have a job it's still not a bad idea to sign up and put at least 2% of your check.. (specially if you're company still offers to match.)
 
Right now? A simple bank savings account, and if you are an American make sure it is an FDIC bank.
 
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