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No, I'm not talking about music CDs, but rather financial CDs or certificate of deposits. This is a low risk investment that will create more $$$.
www.investopedia.com/terms/c/certificateofdeposit.asp
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Peavine saidIf you scroll down a bit on this one, you'll see a calculation for compound interest.
about How Compound Interest WorksPeavine saidI like the graph on this to show how compound interest works. It makes it so much easier to understand.
about How Compound Interest WorksYoMrAHolmes saidThe challenge with investing in the stock market is that there are experts who do this for 60 hours a day all over the world. Chances are, they no more than you, and have a competitive advantage.
about First InvestmentJackM saidCDs usually yield higher interest rates than savings or checking accounts.
about Highest Interest RatesYoMrAHolmes saidThe S & P 500 Index Fund includes 75% of American publicly traded companies
about stocks in vanguard 500 index fundYoMrAHolmes saidNice run down of investing into different types of funds and the benefits of each
about Investing in Mutual funds through IRAsYoMrAHolmes saidGreat tool from Bankrate lets you compare interest rates for different savings accounts in your state.
about Compare Rates for Savings Accounts YoMrAHolmesA swicki is a custom social search portal on the topic of your choice. With every search, vote and click, your swicki generates more relevant results and turns into a valuable asset for you and your community. Take a tour to find out more about how swickis work.
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