BH
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Ironically, in times of a downturn in the economy, the share market investors turned to ... banks. That was because banks were perceived as stable.
Other choices - Gold and silver. They were already coming off a high due to the resources boom, but they always become the place to turn when there is uncertainty. Also, silver is a good long term investment due to its industrial use - it doesn't have great reserves, which means demand will eventually outstrip supply.
Personally, I would be looking for good shares that are depressed at the moment - now are the best bargains. Look for companies that have low debt, and either have significant exports (the low dollar will help exporters) or have a significant proportion of assets overseas (the low dollar will boost the bottom line of these companies, and they are selling into markets that wont be as depressed as the USA over the next little while). |
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littlerobin76
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Under the floorboards behind the wardrobe ; ) ps don't tell anyone xxx |
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Be Bop Deluxe
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under the mattress |
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wendy p
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I think at the moment no where is safe. |
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inquisitor
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No idea, if you live in Britain having any money left at the end of the month is a luxury few have! |
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gingerdodger
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In the UK any bank is fine just make sure you split it between banks in multiples of £30K so it is protected by the government should the bank go belly up. If you want to make a big profit then there is big risk. RBS is probably a medium risk. Lloyds shares even are low in comparison to their good financial situation so I would say low risk for a bank in these times. The property market has not bottomed yet, steer clear of that.
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silverbars
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hi, after reading this question i thought you might be interested in looking at solid silver bars as either a short term or long term investment. I have a contact where i can get either 1 kilo or 5 kilo bars for a great price and have been dealing with them for quite a few years now and have never had a loss on this commodity. i have many references that you can contact as to my reputation and also i have a good standing with ebay with 600 plus positive feedback.if you are interested let me know and i am sure i can get you a very reasonable price.
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Bulldog Spirit
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Give it to me, I'm trustworthy |
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galway gal!
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no dont hide it under the bed!!
i'll look after it 4 ya x |
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rocy
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A BANK |
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Musubi
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Try Treasury Bills for the short term. There is some problems with FDIC on the horizon so if you are really scared I would not put it in a bank. If you are not so scared and are under 100K, the savings, CDs and other bank type products are fine. If you are a long term optimist then you can invest in the market. Good luck. |
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maranave_229
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Seriously, property.
The housing market is very slow at the moment and there are some great bargains to be had.
Buy property and sit back for a couple of years. Property always gives a decent return in the long run.. |
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