Quote:
Originally posted by Halx
i'm constantly pressured about putting my money in the market instead of just a savings account, where it's safe.
What are some low-risk options that I can look into?
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Bobmsmythe - I look forward to your opinions as well on this, but I will offer my own insight to Hal's question.
Hal - anything you do in 'the market' has some risk attached to it. But a good way that I have found to earn a little more is with Mutual funds. Pick a solid mutual fund with a low management fee, yet has a solid and steady rate of return over the last 5 years (don't just pick something that has skyrocketed in the last 3 months or even 12 months). Look for something with a good mixture of stocks in various sectors would be my opinion.
Funds that just specialize in precious metals, or technology or a specific sector can do extremely well at times and you can make a lot of money with they (25 - 80+%), but the risk level is very high and you can lose the same amount. Hence a nice diversefied balanced fund.