What's The Best And Safest Way To Invest Money? - Topic

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Oct 14 2013 07:38pm

You say you want something safe and high profit? It doesn't exist.

First rule of finance is high risk= high reward--When you invest in something and expect a high reward--the high reward you are desiring is called a "risk premium" on your ROR.

Ninten

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#52

Oct 14 2013 07:40pm

Quote (wickerman2 @ Oct 14 2013 05:38pm)

im looking for a safe and highly profitable route for investing money
I was considering investing in CDs but their interest rate is a mere 0.29% for 12 month fixed term

I have heard something about DRIP Plans, but im not sure what those are
I want to stay away from the stock market as i have lost money in the past in it.
I was considering investing in precious metals(gold, silver, copper, platinum, etc)
anyone have any suggestions?

thanks in advance

mutually exclusive

more risk = more reward

btw online banks give close to 1% interest for savings/money market...

imo invest in some mutual funds, or start trading on your own. market will go back up, now is a good time to invest (although 2 years ago would have been better if u get in now you will still see significant growth)

cialda

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#53

Oct 14 2013 07:54pm

Quote (mike14e @ Oct 14 2013 07:40pm)

the market is back up

Beat

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#54

Oct 14 2013 07:57pm

Quote (wickerman2 @ Oct 14 2013 04:38pm)

im looking for a safe and highly profitable route for investing money
I was considering investing in CDs but their interest rate is a mere 0.29% for 12 month fixed term

I have heard something about DRIP Plans, but im not sure what those are
I want to stay away from the stock market as i have lost money in the past in it.
I was considering investing in precious metals(gold, silver, copper, platinum, etc)
anyone have any suggestions?

thanks in advance

wouldnt everyone be rich then?

carteblanche

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#55

Oct 14 2013 09:03pm

Quote (wickerman2 @ Oct 14 2013 08:53pm)

I was just thinking of placing what i do have into some kind of investment where i wont have to worry about it and it would gradually grow.
at least 6% interest would be ideal

Quote (Powerful @ Oct 14 2013 08:59pm)

get a roth ira account

This. or 401k. if you include your employer's matching contributions, that's a nice increase.

Wigwomp

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#56

Oct 14 2013 09:04pm

Quote (wickerman2 @ Oct 14 2013 03:38pm)

im looking for a safe and highly profitable route for investing money
I was considering investing in CDs but their interest rate is a mere 0.29% for 12 month fixed term

I have heard something about DRIP Plans, but im not sure what those are
I want to stay away from the stock market as i have lost money in the past in it.
I was considering investing in precious metals(gold, silver, copper, platinum, etc)
anyone have any suggestions?

thanks in advance

you have a lot of FG, why the fuck you asking us?

Apply the same methods you use for getting FG! Oh wait, this is the real world and ur nerd coins don't get far.

This post was edited by Wigwomp on Oct 14 2013 09:05pm

Krugg

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#57

Oct 14 2013 09:07pm

Best way- gamble/stock market

Safest - savings account

Ninten

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#58

Oct 14 2013 09:12pm

Quote (cialda @ Oct 14 2013 09:54pm)

the market is moving back up

its gonna keep growing so long as the leaders here don't self-destruct the economy

wickerman2

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#59

Oct 14 2013 09:47pm

Quote (Wigwomp @ Oct 14 2013 08:04pm)

you have a lot of FG, why the fuck you asking us?

Apply the same methods you use for getting FG! Oh wait, this is the real world and ur nerd coins don't get far.

im good at making money
i just wanna make more with investments while i continue making my money
i spent very little of what i make so i want to make the most of it

2PercentReducedFatMilkIsTheBest

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#60

Oct 14 2013 09:51pm

The higher the risk, the better the outcome because not too many people go through that route. imo if you don't want to be risky with your money then don't invest because all the less-risky ways have a low payout... mutual funds are good though. look into retirement plans as well they can help you a lot in the long run and they aren't taxed (Roth IRA)

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