hillbilly
|
These people all have good advice, but remember, the radio runs ads from a place called the "Mutual Fund Store" and they won't even talk to you if you don't have "at least $50,000 to invest". If you invest $1 (in theory) and make 50% profit, it is only 50 cents. If you invest $100,000 and make only 3%, this comes to $3000. See the difference? The more you invest at the better rates, the more you stand to gain, or to loose. I have lost a lot, gained some, and now am about even so I quit investing in the market. I only go for safe Certificates of Deposit, currently locked in for a year at 5%. This rate changes frequently, unfortunately, at the end of each deposit period which can be 30 days, up to 5 years, how ever long you want it "tied up" where you can't get it except if you pay a penalty for early withdrawal. I hope this helps. Good luck. |
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