Investing my tarting money
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beth
Apprentice
Joined: 07 May 2005
Posts: 4
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 Posted: 11/28/07 - 09:35 Post subject: |
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| Hi. I have just had my 21st birthday and from my parents I got a nice sum of mone. Although I must admit that my first impulse is to spend all the money on nice things... a holiday or clothes... I am not going to. How should I invest my starting money? I would love to hear your thoughts as I am no fincial expert myself. Ta, people! |
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mortimer
Apprentice
Joined: 24 Aug 2004
Posts: 1
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| Posted: 12/27/07 - 23:25 Post subject: |
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| There are many different possibilities for investing that cash. You don't say how much you got. But the best way is most probably to put the money into a long term fixed savings account. Considering your age it is probably not a good idea to invest in other ways, like shares. You might want to use it for other things afterwards. But if you keep your money fixed in your account let's say five years, I think you will be satisfied! |
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