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artemis
Apprentice
Joined: 25 Nov 2004
Posts: 6
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 Posted: 01/10/08 - 10:19 Post subject: |
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| I have some sum of extra money I have earned working on projects as a freelancer. I don’t want to spend this money because I want to save more and to buy new car. I want to put my money somewhere, but I don’t know where. I was thinking about term deposits or investment funds. What do you think I should do. |
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janeen
Apprentice
Joined: 28 Feb 2006
Posts: 5
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| Posted: 02/09/08 - 04:02 Post subject: |
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| Your safety option is term deposit, but you can’t take your money before time you have agreed on expires. Term deposit have no risk, you put your money for defined period and after that you can take your money along with interest. If you put your money in investment fund you never can be sure that you will not earn something or you will lose. Because you want to save your money I think you should put your money as a term deposit in a Bank. |
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