What would be safest way to invest?
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seumas
Apprentice
Joined: 02 Jun 2004
Posts: 1
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 Posted: 02/23/08 - 08:13 Post subject: |
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| I recently sold my apartment and moved to live with my girlfriend, who would be my future wife. I collected sufficient amount of finance to start my own business. Considering the fact that I am not into financial and business issues as well as I am not so keen on investing my money in something risky, I would be very thankful if somebody can offer a piece of advice or share their experience on what would be safest way to invest it. |
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ethan
Apprentice
Joined: 10 Jul 2004
Posts: 2
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| Posted: 03/23/08 - 21:38 Post subject: |
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| Ok, pall, I am no into financial and business matters but I will try to lend a hand a bit. I want to point out that it is essential for you to keep in mind the fact that there isnt any magic formula or perfect recipe on how to invest money safely and to score high yields. Be sure of that. You have to collect as many information as you can before let yourself into any kind of business adventure. At the moment, my humble suggestion would be dollar cost average; it is designed to cut down risk at the lowest rate. Namely, to avoid investing all your money in one day and not be able to get it out when risk is high, this method of investment offers monthly investments (for example, you pay 60 dollars on every two weeks) and the whole amount of money can be withdrawn instantly, when you need the money. That way, the high risk is avoided. |
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