What is the best way for me to invest my savings in this point of time?

Don't use any answer in this forum to go by.

They don't know you & they don't know your goals. You didn't identify what your time horizon is (ie: buy a car next year or retire in 35 years). You haven't identifed your risk tolorence. What's your investment experiance level?

Without these "basics" no one can suggest anything that's really good for you!

Good luck

the best way?... save them... hence they r savings... not spendings...=)

canadian bank stocks

Independient from you actual debts, if you have a respectable amount of money you can invest in many forms and THINK in get best tax rates of invest at medium to large invest term...short term gains no exists really.

You need to take seriously cause if you have, for example $5,000.00 US dlls you put them in a Hi risk portfolio like buy some stocks of the many companies...if you see the price of some stock dont fall in the temptation to buy some cause probably they are in the best prices...and they will fall...Stock markets are very sensitive...if you read some news about "x" company or have some true information about his growth plans you can bet to win some extra money cause that stock will be increse in price along bad news tend to fall down the prices...In stock Exchange market, one of the secrets are "early information is money"

The secret of the investments are patience and "save & forget" that money, they will to seed and you need give a time to growth and get the gains and, if is, possible, add more money to your investment.

Some people, thinks, as me, in invest in a share option, for example, 50% in Solid invest instruments like 360 days
at fix tax rate, they never grow very much (maybe only 3 o 4% )at year but is very safe and you donÂ´t risk anything, the other 50% you make a stock or more hi risk portfolio in shareholdings and invest in them...many people think like Stock Exchange is a game like the movies in like you invest some bucks and get a lot of money in minutes...thatÂ´s very far from reality, if you have about 30 o 50 million Us dlls MAYBE you can get some thousands in days but is a very specialized job and you need well trained or reclut a specialist that you need to paid very well for that work.

For be sucesful in stock exchange you make a good selection of shareholding titles from NASDAQ or NYSE (Mexico market are very profiteable option) an specialist who advice you about you better options and let the money play for along 5 or more years...after that...is very probably you can get about 15 to 20% of your initial invest...Dont fall in the temptation to get off if some shares grow very well or some stocks go down, in the Stock Exchange market things like that are very commonly...and learn, learn about it and donÂ´t forget to read financial section of newspaper to track your shares.

Along your invest strategy, you can get in a Trust were you invest some money and after 15 o 20 years you can get a easy retirement plan...and fix your banking retirements as you need.

I expect this answer will solve some about your question

The only way anyone can give you real valuable investment advice is if they know your entire picture, starting with the goal you hope to attain; your assets, your debts, how long the timeline is that stretches from now until you actually need the money, etc.

Anyone who offers you specifics without knowing these things is probably either selling you something, or just telling you what works for THEM.

I offer financial advice for a living, and don't sell anything BUT that advice, so I have a decent idea of what I'm talking about.

There is always a good way to go...stock market. Even during the depression and the great crash the stock market was still making 3% average. If you really want to invest your money in the stocks, take advantage of mutual funds. What you do is give money to a certain company. You then tell them what you want to invest it in..large or small corporations. Putting a majority or all of the money in large is a smart thing to do because they are sure to make the average 10%. However, putting a quarter to a third of your money in small isn't a bad idea. What happens there is that they have more room to grow, thus when they go up, they go up at 25% or even higher. If you keep investing like this every year, after 25 years, ten grand can be three million dollars. I've spent a lot of time doing the math.

You should use your savings to pay your debts first - especially credit card debt. For long terms, you should look into real estate. If you are aggressive about your investments, you should try stocks.

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