What is the best investment opportunity with a high interest rate?
March 15th, 2010 | by admin |caramelhoney20042000 asked:
I am looking for an investment option that yields high interest and that is not required to be a long term commitment. I would like to start out investing $50 a month / 600 a year.
I am looking for an investment option that yields high interest and that is not required to be a long term commitment. I would like to start out investing $50 a month / 600 a year.
5 Responses to “What is the best investment opportunity with a high interest rate?”
By DDOD on Mar 16, 2010 | Reply
Try SONY its at $50 and i am predicting its probably going to be increasing. Its a well known company so you know that your money is secure and you will get a decent return.
By snvffy on Mar 17, 2010 | Reply
YOu don’t get interest on investments. Savings accounts pay interest, investments indicate part ownership, so you can make money or lose money.
I think you should find a good savings account and use that until you have lots of money you can afford to lose.
Good Luck
By gregory_dittman on Mar 18, 2010 | Reply
ETFs related to utilities, energy and developing nations are probably your best bet. Remember that buying and selling ETFs along with stocks cost money and these fees cut into your principal which cuts into your profit. The buy fee can range from $4-$15. You are probably better off buying every other year because it cuts down of the percent of the principal you will lose.
By muncie birder on Mar 19, 2010 | Reply
I believe you may have a problem. Frankly, I do not know of any meeting those criteria.
Best investment results are supplied by investments in the 5 to 10 year time frame and even further out 20 and 30 years. Any investment under 5 years will be an iffy proposition except for a savings account.
If you want to consider 10 years as being not a long term commitment, I can recommend American Funds. You can start with $250 and add $50 a month. They do have a very good track record. One thing you need to know about American Funds. They do charge a 5.75% load. They do not charge the load on reinvestments of dividends however. Most, if not all, of the no load funds have a much higher minimum investment of about $2000.
By ES on Mar 20, 2010 | Reply
A good money market account at an online broker like ETrade or Schwab will earn you 4.5-5.0% today. Money market accounts are almost like cash in terms of safety and ability to sell at any time. In order to get any return that is higher, you’ll have to take more risk by buying stocks or another type of investment.