Basic investing


Basic investing

0
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What I learned and do to invest is save money and pay off all your bills that you have made like credit card bills or depts that you have made,then you will have money to invest for your future and or what you need or want.The basic investment is certificate of deposits you can get from the bank you have accounts with.Usually you would have to save up to $500.00 or $1000.00 to open up a CD.But check with your bank first.You can open up CD's between 3 months to 5 years depending on how much you have to invest.If your just starting out saving and investing I would open up a 1 yaer CD and if you have the initial amount to put into a CD.Becuase with a 1 year CD within that year you can start to save up a little every week for that year to put into the CD when the CD matures.Then you will have more money in the CD to make more money.Mature date is the exact date you opened the CD up on the same date the year after.The interset rates on CD's are not alot but it is probably more than the interest rate on your savings acount.If you have money in you savings acount take half of it out to put in the CD.Because you need a savings acount too.These are things that I have learned to do with my money and would like to share it.But this might not be for everybody.For info on the how to in basic savings check out my other articles.There is an article there about basic ways to save money.Go to http://www.xomba.com/user/fitzs





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pendrive's picture

Nice one

Dear Fitzs,
Good article...you could have arrange this in 2 or 3 paragraphs so that one could read easily...Thanks

http://www.xomba.com/it_s_time_for_seeking_donation_for_the_upcoming_election_and_barack_obama_is_leading_here_as_well

champagnedreams's picture

Great Article

Thanks

Wagen Load Productions's picture

Good Article

It's good to start saving for retirement or a rainy day. You can also open up a ROTH IRA like I did, and invest in oil.
http://www.xomba.com/the_oil_industry_if_you_cant_beat_them_join_them