Where to safely invest my money?
Hello there, thanks for taking the time in reading the question and I really hope you guys can be of some assistance. I'm currently 19, working part time and going to school full time. Meaning that I have very little time on my hands to do anything like dealing with stocks (nor do I have the patience, frankly). I have a rather good income for someone my age, with my job leaving me with roughly 400-500 dollars a month, plus an extra $250 i get per month from a loan I gave someone (another attempt at safely investing money). My problem is that if I have money in the bank, I end up spending it profusely. I never spend more than I can, but I spend nonetheless. I was hoping to both take this money out of my reach while hopefully making it grow as well. I've looked into mutual funds and index funds, but to be quite honest, didn't quite understand them. I don't need the money to be completely unavailable to me, for if the money's being used (such as for an investment) i'll be able to stop myself from tapping it any moment i feel like. I just need somewhere I can put my money where there's little to no risk of losing it while also having it grow. Any suggestions? Assume that I'm totally mentally deficient and include instructions please, haha. Thanks for your help.
Asked By: Charles - 7/6/2012
Best Answer - Chosen by Asker
Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. If you are like most people you will invest part of your money aggressively in stocks, and part conservatively in money market funds and bond funds. However, some young people will go all stocks, and... More
Answered By: Joe - 7/6/2012
Additional Answers (2)
hello friend....i read your question thoughtfully and finally got one answer for you...give a loan to your friend or other else for the few month....so it could help you not only for saving money it could be the best idea to raise up your money..for better info i will give you an site below...hope it could help you... More
Answered By: Sudhan - 7/6/2012
If you want no risk, you might want to invest in treasury bonds (there's a minimum purchase with every bond). It is the safest investment you can make but the return is low (low risk=low return). When you invest in bonds, you cann't touch your money until a certain period. You will get a percentage of return from your... More
Answered By: Auto - 7/6/2012
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
(89) Local Jobs Paying $19-$97 Per Hour- Available Today. Apply Now!
Work at Home Jobs Make $389/Day. Jobs Seen on TV. Jobs Hiring Now.
$37-$47/hr Real Work at home Jobs (Requirements: Must Have Computer)
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.