ChatterBank8 mins ago
Investments
2 Answers
I am coming into a little bit of money soon. I just wondered if anyone had advice or links to informative websites that will give me some advice on the pros and cons of various investment opportunitys.
do I put it in a bank and let it grow (slow but safe) or should I buy shares (potentially faster growth but dangerous) I couold get a house to rent out, and make money that way. What would you all do?
do I put it in a bank and let it grow (slow but safe) or should I buy shares (potentially faster growth but dangerous) I couold get a house to rent out, and make money that way. What would you all do?
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.Moneysupermarket.com is very good for looking for the best account. The amount you are willing to risk should be dependent on your circumstances - do you already have a house? As a rule of thumb, the things with the highest interest have the highest risk - i.e shares can be very risky, banks are safe. You could go and see an independent financial advisor (through Yellow Pages). Maybe you should split in in 2 - do half safe and half risky?