Investing Your MoneyInvesting Your Money

 

How To Invest Your Money WiselyHow To Invest Your Money Wisely

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About Online Trading

Avoiding Impulse Spending

Choosing A Broker

Determine Your Risk Tolerance

Determining Where You Will Invest

Different Types of Bonds

Different Types of Investments

Different Types of Stock

Getting Your Feet Wet

How Much Money Should You Invest

How To Know When To Sell Your Stocks

Investing Basics

Investing for Retirement

Investing Mistakes to Avoid

Investment Strategy

Long Term Investments for the Future

Rebates - Reward or Rip Off

Spend Wisely to Save Money

Stabilize Your Current Situation Before You Invest

The Budget

The Importance of Diversification

Understanding Bonds

What Is Your Investment Style

Why Should I Make a Budget

Why You Should Invest



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Getting Your Feet Wet

 

Start with an interest bearing savings account. You may already have one. If you don't, you should. A savings account can be opened at the same bank that you do your checking at - or at any other bank. A savings account should pay 2 - 4% on the money that you have in the account.

It's not a lot of money - unless you have a million dollars in that account - but it is a start, and it is money making money.

Next, invest in money market funds. This can often be done through your bank. These funds have higher interest payouts than typical savings accounts, but they work much the same way. These are short term investments, so your money won't be tied up for a long period of time - but again, it is money making money.

Certificates of Deposit are also sound investments with no risk. The interest rates on CD's are typically higher than those of savings accounts or Money Market Funds.

You can select the duration of your investment, and interest is paid regularly until the CD reaches maturity. CD's can be purchased at your bank, and your bank will insure them against loss. When the CD reaches maturity, you receive your original investment, plus the interest that the CD has earned.

If you are just starting out, one or all of these three types of investments is the best starting point. Again, this will allow your money to start making money for you while you learn more about investing in other places.




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