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: - 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 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
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Upload your Resume for free, put it in front of 1000's of Employers
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

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.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
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 Article Rating
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.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-311