How to make my money work?

Question

Hi, I wanna get some options on safe ways to grow my money, i'm looking at 2 years tenture and am considering buying foreign curriencies. which currencies will be able to give me the most maximum growth even if it's on the long term?

Answer 1

I keep repeating this to many people and I will say it again, currencies are not investments. It doesnt matter in what major currency your cash is in, wether, dollars, or euros or pounds, EVERY single one depreciates due to inflation. ALL fiat currencies depreciate and they eventually depreciate to ZERO. The dollar may be temporarily falling faster against the euro, but both currencies are in actuality falling against hard assets such as gold. So the only thing you will be doing is perhaps slowing the depreciation of your money but never really generating compounding returns like stocks and real estate can deliver.

Answer 2

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Answer 3

You can trade currencies on FOREX. I think ERU/USD, USD/JPS is one of the best.

Answer 4

my friend i am in forex trading since 2 1/2 years. I think the best option would be USD/JPY, GBP/USD, EUR/USD and RS/USD

these are safe and better for long term.

Get more info about currencies at :http://www.finexo.com/

Answer 5

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