Opinion: What's the best investment?
I've been thinking about investing a lot lately, and I'm just not sure what's best. I mean, relationships are great to invest in, and education is cool, too. And coins are awesome, of course. But a lot of investments in things that throw off income (stock, bonds, real estate, forex, inventions, etc) sound really cool. So I'm asking any and every opinion. And go ahead and explain why your idea for the best investment blows every other possibility out of the water. Thanks.
Public Response to Opinion: What's the best investment?
- don't think about the best one think about the safe one and steady income. You can look into myfxfunds in google/yahoo search engine My Managed Account has grown to 40% in 3 months. and this week my account has profit 5.3% By the way my capital is 100K but you can start with minimum 2000 to test.
- Well personally I would open an online brokerage account through Scottrade. I'm 18 years old and I began investing eight months ago. (I was 17 then.. and I had to have a parent co-sign). But anyway.. if you know a reasonable amount of information about stocks then I would definitely get into those. I invested $6,500 back in November 2008 and today it's worth $11,300. I diversified and read about various companies and their earnings and sure enough I gave it time and it grew! I must say though.. there were quite a few times I wanted to sell those shares because the economy is going up and down non-stop.. it could just about drive you crazy. Invest wisely and be a long term investor.. it's worked for me so far. The nice thing about Scottrade is that you can do as little or as much as you want.
- You sound inexpereivneced so instead of looking at individual stocks, try one of PIMCO's bond funds. such as PTTDX or one of the many that they have. Great way to invest some extra cash. Please try and answer my question. Thanks http://answers.yahoo.com/question/index;_ylt=AgDLE1xP38PFiB5uEvqJ8OPI5HNG;_ylv=3?qid=20090804230406AAVMJ5i