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If i have some exrta cash laying around whats the best way to invest it?

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If i have some exrta cash laying around whats the best way to invest it?

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4 ANSWERS


  1. to put it on a cd so it can draw interest


  2. Mutual Funds, I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

    http://friends.zecco.com/r/a7a2877caab81...

  3. ING direct has a real neat program in which you can invest small amounts (min $50) everymonth and it builds up your own portfolio. its a smart way to start your long term investment porfolio. there is a very small fee and its all automated. if your a little more experienced you can pick you stocks, bonds, or cds. if youre just beggining then it really helps you based on what your trying to do with your money. The website is Sharebuilder.com

  4. If you have some extra cash lying around, the best way to invest it is in the stock market.  What you invest in will depend on how much risk you are willing to take.  If you are willing to take some risk, you should invest in stocks.  If you're a bit on the conservative side, mutual funds would be better.

    However, regardless of what you choose, you will need a brokerage account.  I personally prefer online discount brokers because they are cheaper than full service ones.  I currently use Firstrade ( http://firstrade.com/ ) and I'm very happy with them.  They are cheaper than the big name brokers such as Etrade, Scottrade, Ameritrade, and Schwab.  They have excellent customer service and an easy to use website.  I would definitely recommend you to check them out.

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