Bogie
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invest in oil |
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chefperry
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sell all the things you dont use anymore on ebay |
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black kinght
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you should make your own business that no people are doing it so far |
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Dentist H since 2001
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short term high interest cd. |
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mighty i
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buy bonds its safe! or maybe ira its also safe! |
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springheeledjack
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if you already have a bank account, go to your bank they should have some kind of retirement account you can open. then your money will be harder to take out, but if you're ever in a tight spot it will be there to fall back on. |
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Seth C
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I've got no clue but ist sweet that you live in ireland ive always wanted to go there. |
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NichePlayer
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If you are asking a basic investment question like this, you should take a basic approach and then use the time/experience to expand your learning.
My suggestion is to set up an automatic investment (that is, they take the money out of your account for you each month) so you don't have to make the decision to write the check each month.
Because the amount invested each month is consistent (unless you change it, of course), they refer to this method as dollar cost averaging. That is your investment will buy shares in the fund based on the current share price but your investment dollars are the same each month. So, when the share price is high, you buy less. When its low, you get more.
You should select a mutual fund that is based on an index. I don't know much about the market in Ireland. My suggestion would be use an American stock market index fund.
Index funds are inexpensive in terms of fees and mirror the performance of the market. Check out http://www.vanguard.com/ for a solid, trusted index fund.
And, after you've done this for awhile, you can branch out to other forms of investing. And the longer you leave that money in the market, the happier you should be that you started when you did!
NP
http://www.jobsearchdigest.com/hedgefundjob |
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brademiller
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Do your homework and bet on the ponies!! |
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Cobalt Daisy
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I am not sure of the investment options you have in Ireland so I'll give you a few ideas based on what is available to me in the U.S.
Before you invest in stocks and such you should educate yourself on marketing trends and the like by starting off slowly with less risky ways of investing:
We have something called a "Money Market" account. If you leave it alone the return is GREAT. There are stipulations, however. Depending on which account you go with you need to a certain balance to start with. Some account managers let you withdraw several times a month while others have you pay a penalty for withdrawing a certain amount or more than once a month. You should research about this more if it's interesting to you. If you won't be tempted to touch the account then go for it. If the temptation is too great then you should invest in an account which has strict penalties so you well be less inclined to withdraw. Money market is risky because the rates do change and inflation effects that big time. For example, the inflation rate we are experiencing in this country is having a huge impact on various Money Market returns. Yet when the economy is doing well the Money Market account yields are higher.
Another great option that we have available is a "certificate of deposit" or CD. Basically it's a certain a mount of money that the bank allows you to "save" with them. Depending on the CD chosen you will have options for maturity (how long the CD "lasts"), interest rate, and minimum investment requirement. Again this one has specific requirements. Once you invest in a CD you cannot touch that money until it matures. Yes it's yours but once the agreement is made you are contracted with the bank to not touch that money. In turn they will apply interest to your account for you keeping your end of the bargain. What do you get out of it? Interest. :) That and this investment is a secured investment so the bank can't say "oops percentage rates dropped so we had to take some of the money back." Whatever interest rate the CD is locked in with upon the time of investment is what it has to retain while it matures. It is secured by the bank so there is no loss. What does the bank get out of it? They have "free" access to your money in the CD so they can use it to invest, etc. to make themselves money as well. Win-win. :) A bit lower return than the money market but a CD is safer.
Talk with local banks in your area about options that are available to you.
Good luck. :) |
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sleepy but can't sleep
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Invest in Mutual Funds. Or anything to do with OIL stocks |
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mastergluex
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join the "Amway" business. if u r looking out for good growth by spending very less cash some between 100$ to 500$. u can check out in the net about the Amway company and its reputation. then if u would like to join it u can mail me back at ratulaich@gmail.com or call me at +919343410391(i am in india)
some Amway company representative will meet u there in Ireland and he will explain everything to u then u can decide and join it!! |
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jack the ripper
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talk to your bank about ISA? |
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The truth is
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Ways to make money online.
Sells On Ebay :
Selling on ebay is the best home based bussiness.You have to find the wholesalers of the products you want to sell , try finding it from yellowpages , once you find it , you could earn lots of money selling on ebay.
Payperpost :
Advertisers are always looking for people with writing skills to write for them , if you can write articles and blogs , here is the best way to make money online.You get paid $20 for your first post.
The best pay to post - www.payperpost.url-Site. com
Online paid surveys :
Companies pay big bucks to people like you and me just to know what we are thinking so they can improve their products and services, if you have enough free time , this could be the best opportunity to make money online.
The best site for online paid surveys -
www.surveyscout.url-site. com
Blogging :
You could start blogging and earn revenues from adsense on your blog .The key is to drive lots of traffics (visitors) to click your ads.
jack |
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MandB
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easy answer
follow one or more of the ideas in this link
http://www.gomestic.com/Personal-Finance/Save-the-Planet-Save-Your-Money.75392
I saved up to buy a house while only making minimum wage.. you can get rich too.... |
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hello beautiful
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Dig a hole in a sunny place in your garden. Plant it and water it and love it each and every day. :] |
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Slim Whitman
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A decent growth mutual fund is the safest thing over the long haul. put an amount in each month. Over time for example, if the rate of return of the fund is 12% a couple hundred euros, or dollars could be a substantive amount in 20 years of investing.
I own a fund the is a European/Pacific fund, (from American Funds)
http://www.americanfunds.com/funds/details.htm?r=h_c&fundNumber=16#returns-expenses
Fund lifetime average is 13.84%
You can buy through a broker such as Ameritrade.. |
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fancypants
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Look for a high interest savings account! It's the only way. Check Ulster bank I think they have high rates.
I did the SSIA, now if they had another one like that you'd be sorted! |
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KiNkS
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If u dont want to lose your money invest it in something that you trust has growing potential |
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Chicago Rox
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sell some stuff or even save ur money |
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cory g
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Put the money in your freezer
Get a job and work for a few years, adding each paycheck to the sum of money |
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Anthony
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Become a loan shark! You may need a hard bat for insurance purposes. |
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Babycakes
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Plant a tree |
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punkagent96
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Bank interest.
or
you could invest your money into some sort of stock.
or
as they say...you could "Spend money to make money." |
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