Anonymous
Anonymous asked in Business & FinanceInvesting · 5 months ago

What are some trustworthy things to invest in with $20,000 saved up?

6 Answers

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  • 5 months ago

    Why don't you invest in stock markets? It is the best place where you can even double your investment depending upon the expertise you have. Or you can invest in banks but this won't be so beneficial as compared to the first option.

    Know more about stock market investment and news: Kalkine media UK - Kalkinemedia.co.uk

  • 5 months ago

    Join kulabrands. It costs $299 (us) Royalties for life.

    https://kulabrands.com/beginning/webinar-on-demand...

  • 5 months ago

    I like Roth IRAs....

  • 5 months ago

    Without having more information about your personal information, such as age, current income and other data such as risk tolerance, martial status, demographics, income & expenses, and your current liabilities it would be very inappropriate for me or any other responsible person to provide specific investment information in this type of media.

    Also it would not be appropriate for any professional to provide any specific investing advice based on the information provided. And it would not be prudent for you to accept any specific investment advice from unknown individuals here at YA or a similar media.

    There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges.

    Mutual Fund companies as well as ETFs and Master Limited Partnerships have an entire array of products many will fit your needs. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing. And take the time to read “Common Sense on Mutual Funds” by John Bogle & David Swenson, or just read – “Bogle on Mutual Funds” by John Bogle.

    You could also contact the funds companies for more information. I have found that Vanguard (http://www.vanguard.com/) & Fidelity Investments (https://www.fidelity.com/)

    can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful. You can also read about Master Limited Partnerships at “the Dividend Detective” http://www.dividenddetective.com/

    Regardless of what you decide, do not ever let anyone tell you not to invest, especially those that do not invest themselves.

    Good luck on your journey

    Source(s): from THE STREET
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  • 5 months ago

    A bank savings account - safe but low interest rate. For the reserved..........

    Invest in stock - very speculative but could be very profitable with the right stock. For the gambler..........

  • 5 months ago

    You should go on a vacation.

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