How to start saving money for the future? What investments allow money to grow?

1. 83

   unvrsoposted 12 years ago

   How to start saving money for the future? What investments allow money to grow?
   
   

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2. 60

   ForexAutoTradingposted 12 years ago

   With any investment it is always important to remember that returns are usually inversely proportional to risk. You can put your money in a savings account and get a few percent each year, and because you can rely on what is a guaranteed return (unless the bank fails in the next installment of the GFC), you can grow your money safely over a longer period. At the other extreme is forex trading. Huge annual returns can be made, but so can equally huge losses. What I would personally recommend is to diversify your investments. Invest in property, starting with your own home, and then with rental property if you can afford it. If you want to do something on the more speculative side, allocate a set amount that you can afford to lose, say a few thousand dollars, which you could split between buying some precious metals such as gold and silver, and if you want to try some automated forex trading, go to the site linked to in this article. A good forex robot will make multiple small trades on different currency pairs, so for example starting from $1000, you might make say 10% in a month, made up of small profitable trades ranging from $1 to $10, interspersed with the occasional loss which is inevitable in forex trading. I hope this information helps you.

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   1. 83

      unvrsoposted 11 years agoin reply to this

      It helped a lot. Thanks!

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   cheaptoysposted 12 years ago

   definitely stocks. check out some of my hubs about finance

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   1. 83

      unvrsoposted 11 years agoin reply to this

      I'll check that out. Thanks!

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   T. R. Brownposted 12 years ago

   For the long term, low/no load mutual funds make the most sense for the average investor.  Do the research and pick funds based on that research.  The notion that a CD or Bank savings account is an investment is simply inaccurate.  Collecting .5% during times of even low 2.5% inflation means that you are actually loosing 2% ever year you leave your money parked.

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   1. 83

      unvrsoposted 11 years agoin reply to this

      I have heard about mutual funds. I'll research on them.

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   Kaluxposted 12 years ago

   A properly diversified mutual fund portfolio will give you growth for the future. Combine tax advantages for more savings.

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   1. 83

      unvrsoposted 11 years agoin reply to this

      Thanks! I'm going to try mutual funds. I'll look more information about them.

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   dpsimswmposted 11 years ago

   If you are thinking about retirement or college saving, opened a tax advantaged account like an IRA, Roth IRA, or 529 plan.  Buy index fund shares in ETFs like the S&P 500 index (SPY).

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   1. 83

      unvrsoposted 11 years agoin reply to this

      Thanks! That's useful information.

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