Author Topic: Investing  (Read 1693 times)

pr

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Investing
« on: May 28, 2014, 04:48:34 PM »
Dear MMM's,
How can i invest my saving into an account that gives me more interest than just a regular savings account? Is "Betterment" a trustful way? should i contact a brokerage firm... i have no idea where/how to start?
please advise.
thank you,
Paula

taekvideo

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Re: Investing
« Reply #1 on: May 28, 2014, 05:13:10 PM »
https://personal.vanguard.com/us/funds/snapshot?FundId=0585&FundIntExt=INT

buy this ^

Or check the investor alley section if you want to do more research on investing.

iamlindoro

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Re: Investing
« Reply #2 on: May 28, 2014, 05:23:30 PM »
Nobody can give you a hard and fast answer to your question.  You need to educate yourself first, come up with a policy that is appropriate to you and your level of risk tolerance, and invest based on that.

http://jlcollinsnh.com/stock-series/

The above link will give you a very good start.
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Eric

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Re: Investing
« Reply #3 on: May 28, 2014, 05:44:38 PM »
You can still use CDs to get a higher rate of interest in your savings account.  Beyond that, you're moving out of the realm of earning interest and into the realm of investing your money.  Investments carry higher risks (i.e. your principle is not guaranteed), but also higher rewards.  There is no free lunch.  If you want higher returns, you must accept higher risk.  I agree with iamlindoro that you need to do some reading and learning before you start and second the Jim Collins blog especially the Stock Series. (as linked above)
"Compound interest is the most powerful force in the universe."  -- Einstein