3 Comments

  1. sexy_nau
    Posted August 15, 2009 at 7:38 pm | Permalink

    dump it all in the chines market . at the rate that our government is going either china will run America or the banks or Rome . me myself I am putting my money on the chines.

  2. shridhar vaidya
    Posted August 15, 2009 at 10:05 pm | Permalink

    Bank accounts donot provide very high yield. But if you need liquidity and savings both, it will be proper to open a flexi deposit account in which you will be able to save and withdraw amount as and when required. So also your savings can be converted in to fixed deposit and will give you interest at fixed deposit rate.Think 10 times before investing in schemes other than Banks.

  3. The Chosen One
    Posted August 16, 2009 at 1:58 am | Permalink

    Please do not use a savings acct.. vey little interest will be earned i suggest opening a roth ira or something with a better rate of return, let your money work for you, The best online brokerage acct. by far is zecco, but i advise you to do the research yourself to confirm this first! they are the only ones that have free stock trading {with 2500 minumum acct balance, or 4.50 if less than 2500, wich is still the lowest you will find i promise}, it’s what i use and am doing quite well.http://friends.zecco.com/r/404dce3a71db1…

  • Thinking of investing your savings?


    While increasing your savings is good, multiplying your money through smart investments feels great - there are lots of opportunities out there and you can be successful if you're arming yourself with the right information.

    Where to start?

    If you're going to try your luck on the stock market or trading options, first start by learning the basics and delay as much as possible buying real positions. One way of getting hands-on experience with the markets is through online trading - either forex or binary options are good learning grounds and most online brokers offer trial accounts free of charge (if you're wondering what are binary options, 24option.com has very good resources on it, besides offering a free practice account and a wealth of information about binary trading in general). Final warning for the very eager: binary options are exotic financial instruments; real trading involves substantial risk of monetary loss.