I want my money to work for me.

Started by Dale H.
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Dale H.

How much to start and who do go with to help guide you. Ive tried to donit on my own amd lost about 1800$ and just went with the first person that I felt knew what they we were doing. …i need help.

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Nolan R.

Here are 4 ways your money can be invested to have your money work for you to generate more money.

1.) High Yield Savings Account, also called HYSA, is a way to have your money work for you and generate more money.
– I suggest 'Varo Bank' as a bank to consider for yielding the highest profit from your saved money.
2.) High Annual Percentage Yield, also called APY, Certificate of Deposit, also called CD, is a way to have your money work for you and generate more money.
– Examples of High APY CD credit unions:

  • Alabama Credit Union. 1.30% APY 5-year CD that anyone can join by donating only once $10 to 'Secret Meals Association' and keeping at least $5 in a savings account. Interest is compounded quarterly(4 times a year) on Jan., April, July and Oct. with a minimum deposit of $500.*
  • ConnexUs Credit Union. 1.01% APY 5-year 'Share Certificate' which is the same thing as a CD. Anyone can join by donating only once $5 to 'ConnexUs Association' with a minimum deposit of $5000. It's compounded quarterly.*
  • Golden1 Credit Union. 1.00% APY 5-year 'Term Savings Certificate' which is the same thing as a CD. Looks like anyone can join. Compounded 'monthly'(every single month) with a minimum deposit of $500.*
    3.) REIT, or Real Estate Investment Trust, is a way to have your money work for you and generate more money. Suggestion, Fundrise. Mobile platform that easily allows you to invest in eREITs and watch as it grows and grows.
    4.) The single best way to have your money grow is to save your money. Simply save money. No matter the amount. Just save.
  • Found on Investopidia
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Tony D.

There is no substitute for putting in time to learn about the principles of saving and investing. Doing the homework to become an informed investor has never been easier than today with the many free and low cost online resources. Save what you can while you are learning. Start small and eventually build up a good size portfolio. Take your time and be patient and the results will follow.

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Kitraina G.

I started off with a investment broker who connected me to American funds

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