In my 401K plan i AM ONLY TO CONTRIBUTE 6% of my salary since I am considered a highly compensated employee. I need a place to place money that will be protected from taxes or the next best thing....
I know practically nothing about the stock market but would like to learn about it. Can anyone recommend good sites? Is their a site where I can invest "play" money?...
I don't have much money, and I dont know where to start or even think how to open a business. My most important question is LOCATION but where do I even start searching. This idea just kind of ...
I've got three kids you can invest in. Hey man, its the future! Better returns than this stinkin market!
;)
Jay
A lot of banks are offering bonus interest rates for roughly 8 months. You could invest the £5k into one of these accounts and leave there for the 8 months. After the bonus rates expire move the money into another account offering a bonus rate. The banks will not tell you the bonus rate has expired in a hope that you forget and leave it in there. It's requires a bit of work on your behalf but it's safer than investing on the stock market at the moment. Plus you'll have instant access in most of the accounts.
enoriverbend
Nobody can even guess at a good answer unless you tell us what your time frame is, and what your risk tolerance is.
The answer would be quite different if your time frame was 6 months versus saving for your retirement.
Johny Invest
you can google for HSFX Asset Management and start making consistent profits if you are serious to invest.
The company always makes profit and increases its dividends each year to its shareholders, so no matter what the stock price does, in years to come you'll get further and further ahead if you keep holding the stock.
Chuck P
At this point you can keep it in a Roth IRA or just put it in the bank, wait until the market comes back before looking into stocks.
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