What would be my best options to invest a small lump sum?
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daryle
Apprentice
Joined: 11 Dec 2005
Posts: 4
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 Posted: 03/05/08 - 06:29 Post subject: |
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| I’d like you to give me few tips on where it is the best to invest a small lump sum. I don’t have any intention to invest on a regular basis, but just now I’ve got some extra money which I wouldn’t like to spend, so I thought that investing it would be a wonderful idea. I don’t need that money right now, but in near future probably. |
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karl
Apprentice
Joined: 31 May 2004
Posts: 2
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| Posted: 04/04/08 - 02:18 Post subject: |
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There are many notice and no notice accounts so which one you’ll choose depends on whether you’ll need that money in a month, year or couple of years. If you don’t know that, then it would be better to take a simple no notice savings account. But also, you could buy some shares, wait until their price rises and then you could sell them. Of course there is a possibility that their price fall exactly when you need money, but there is an element of risk in every investment whether it is a savings account or investing in shares or mutual funds. You’ll probably get many different replies so that you can make a good choice.
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