 Which the best place to invest money ? |
Hi !
Now that the bank intrest rates are sinking, can anyone suggest which are the best places to invest money ? Or suggest any bank with good intrest rate.
Thanks
Vinni.... |
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muncie birder
 |
Hoover said the same thing back in 1929. That is he said the crash on Wall Street would not effect the economy. He spent the next 3 years eating those words as businesses failed, unemployment went to above 20%, and old man Kennedy continued to make money hand over fist smuggling in whiskey. |
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jayndee13
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It affects the whole economy of the country and international countries as well. It's the great depression all over again. Wait until you can't afford a box of cereal. It's going to get ugly. |
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terrified by spiders
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The cost of everything you eat or put on your body or in your car is going up. |
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NextMove
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Well the value of the currencies is shifting, the countries economic systems will fail, loads of people will be out of a job, Your salary will probably decrease or inflation will make it worthless, the price of goods will be shifting... stock market going down is just an indication of lack of money being traded into the country. |
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arklatexrat
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If your mortgage or studnet loans have variable interest rates or a balloon date for refinancing, it could affect that.
Otherwise, it will affect the general economy. You could see retail pricing fluctuations and/or layoffs at outlets where you shop or companies you do business with as they try to cut costs to offset stock losses. It will trickle down and affect everyone to some extent.
Do you work? You could get laid off from your job. Are you still in school? It could make it harder to get a job once you graduate or affect your potential salary.
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Ted
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The Dow is an indicator of the general economy. If the markets are not healthy, it is hard for businesses to raise funds, so they employ fewer people. If investors are nervous, they demand higher interest rates for funds that go into student loans and mortgages and car loans. |
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Bub
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Everyone who does have stocks and bonds, etc. like your parents, family and friends, may not get to retire now or at least for a while past when they planned to retire. The people who offer jobs, probably will have less need, since people may not be buying as much product since they have lost some savings. Some of your friends and family may lose their jobs, taxes will have to go up eventually to pay for this war, the bailouts, etc. The money has to come from somewhere and our politicos have allowed our jobs to be shipped overseas by companies they give tax breaks to, so there are fewer good jobs here paying high tax rates to provide the money. |
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