Good ways to invest your money

What are the different money investments that are good.
Any good references for them will be good

Rohit BajajAsked:
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JohnBusiness Consultant (Owner)Commented:
It depends how much money you have.

For most people, with modest sums, and short term needs, you should invest in Guaranteed Income Certificates. This will preserve your capital. Your local bank can help you here.

If you have excess cash that you can tie up for 3 to 5 years, you can invest in high quality equities.  Microsoft and Apple pay good dividends and the stocks have done well. Bank stocks are usually worth a look.  A local broker can be more helpful than any web link.

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Dr. KlahnPrincipal Software EngineerCommented:
Your question is overly broad, I think.  A retirement investment suitable for someone in their 20s with a 50 year outlook is not in the same class as someone who is 70 and wants a guaranteed monthly income.

You need to look at the following:

  • What is the desired result
  • How much can I invest
  • What is the desired return rate
  • Will I invest per month, per year, or all at once
  • How much of the investment can I afford to lose
  • How much attention can I pay to the investment once made
  • What is my tax bracket now
  • What will my tax bracket be when the investment begins to pay
  • Does my state or city have a pernicious tax code - especially important in states where retirement income is taxed in the state where it was earned, regardless of where you are living at retirement

You should consult with a financial advisor, and it should be an impartial certified financial advisor, not one who is paid by the company whose product they're trying to sell you.
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