Comments on: what is the best way to start investing on a fixed income? http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/ Informing You About The Bouncing Financial Market Wed, 09 Jun 2010 04:56:04 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ferosia http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-472 Ferosia Thu, 10 Dec 2009 02:16:00 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-472 The best thing to do is place your money into a money market account at a Credit Union. It has no risk and a high percentage rate back. You might need to save a while first as many have a minimum deposit amount, but it is definitely a great choice long term as apposed to a regular savings account. If you would have started when you were 20 and put in $2,000. , you would have over 1 Million by the time you were 65. It really is a great way to safely invest your money. The best thing to do is place your money into a money market account at a Credit Union. It has no risk and a high percentage rate back. You might need to save a while first as many have a minimum deposit amount, but it is definitely a great choice long term as apposed to a regular savings account. If you would have started when you were 20 and put in $2,000. , you would have over 1 Million by the time you were 65. It really is a great way to safely invest your money.

]]> By: Thomas K http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-471 Thomas K Thu, 10 Dec 2009 01:52:25 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-471 For the amount of money you have each month, start by accumulating it in a savings account until you have at least $2000-$3000. Many investments have both minimums to add to the account as well as a transaction fee. You want to minimize the fee overhead as well as any account costs. While you are building up your investment fund, there are many books, magazines and online forums where you can learn about investing. I like www. fool. com For the amount of money you have each month, start by accumulating it in a savings account until you have at least $2000-$3000. Many investments have both minimums to add to the account as well as a transaction fee. You want to minimize the fee overhead as well as any account costs.
While you are building up your investment fund, there are many books, magazines and online forums where you can learn about investing. I like www. fool. com

]]> By: Scarlet http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-470 Scarlet Thu, 10 Dec 2009 01:47:23 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-470 Certificates of Deposit with a high interest pecentage yield. Certificates of Deposit with a high interest pecentage yield.

]]> By: Keith http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-469 Keith Thu, 10 Dec 2009 01:30:06 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-469 The BEST website is the Motley Fool, it explain things in an easy to understand tone. One of the options they suggest for someone to invest with a little per month is direct investment with a company. The BEST website is the Motley Fool, it explain things in an easy to understand tone. One of the options they suggest for someone to invest with a little per month is direct investment with a company.

]]> By: jit bag http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-468 jit bag Thu, 10 Dec 2009 00:32:22 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-468 investing in your 401(k) is a great idea, because they will take the amount out of your salary before taxes are taken out, so you get a little bit of money invested which would have otherwise gone to the state or fed. if you are leary about aggressive investing, try putting your money into a money market (very stable & ok rates) or into CDs (very conservative but guaranteed returns). you can also open an online savings account. all of the big banks are currently offering them (hsbc, citibank, ing, etc). i currently have one with ing direct (www. ingdirect. com) & am getting a return of about 4. 75% read investing for dummies - classic yellow dummies book, which will simplify everything for you. good luck! investing in your 401(k) is a great idea, because they will take the amount out of your salary before taxes are taken out, so you get a little bit of money invested which would have otherwise gone to the state or fed.

if you are leary about aggressive investing, try putting your money into a money market (very stable & ok rates) or into CDs (very conservative but guaranteed returns).

you can also open an online savings account. all of the big banks are currently offering them (hsbc, citibank, ing, etc). i currently have one with ing direct (www. ingdirect. com) & am getting a return of about 4. 75%

read investing for dummies – classic yellow dummies book, which will simplify everything for you. good luck!

]]> By: greendonkey34 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-467 greendonkey34 Thu, 10 Dec 2009 00:22:41 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-467 Who isn't on a fixed income?If you make 15. 00 an hour or a million dollars a year that to me is "fixed". Who isn’t on a fixed income?If you make 15. 00 an hour or a million dollars a year that to me is “fixed”.

]]> By: kurtbiewald http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-466 kurtbiewald Wed, 09 Dec 2009 23:33:40 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-466 if we wuz sittin around sum evening wit sum beer , I could see wut you wanted and cud say maybe what 2 tyr if we wuz sittin around sum evening wit sum beer , I could see wut you wanted and cud say maybe what 2 tyr

]]> By: tellme http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-465 tellme Wed, 09 Dec 2009 23:19:51 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-465 BUY REAL ESTATE. . . especially now while the prices are down!!!! BUY REAL ESTATE. . . especially now while the prices are down!!!!

]]> By: Steve M http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/comment-page-1/#comment-464 Steve M Wed, 09 Dec 2009 23:13:36 +0000 http://www.financialbounce.com/2009/12/what-is-the-best-way-to-start-investing-on-a-fixed-income/#comment-464 The best place for advice on investing is Money magazine. It free at the library. The best place for advice on investing is Money magazine. It free at the library.

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