Apr
21
When I started my first job after University, one of my main interests was to start investing. I’ll never forget my first meeting with a financial advisor. He told me, “Save up $10,000 to invest and then come see me.
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Tags: investing, IRAs, mutual funds, retirement savings, savings accounts
There are several way to invest our money and some of the ways are as follow:
We can invest our money by boring old bank account. Here we can get about 2.5% a year for the money we have in our account. Not the best way to invest but an easy way to start. We can also invest by certificate of deposit (CD). CD’s are a type of lending investment. With a CD we lend our money to a bank for a specific time, say 6 months, and they give us our money back with an interest rate of 6 to 7 percent compounded onto that amount. CD’s are a guaranteed safe investment. Bonds are another type of lending investment similar to CD’s. Bonds can be issued by a bank or company.
http://www.guidetoinvest.net/
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