ok my question is how i can make the most of the money i have. $ i have 10G and i would like to invest it for long term. the saving i have now they have cd raging from 3.75. for 6 months to 4.00 for up to 60 months. i mean i know that once i have it locked in a c.d. , i will be locked in that one rate. on the other hand i am worried that if the interest rate happen to be increased, then i would end up losing money if i am leave it long term. i mean what the trend the rate? does it have the tendency to fluctuate upward or downward? ( i mean i guess it depends on a lot of other factors) but would it be a mistake to invest it in a cd if i am getting 4% for 60 months? and how does the tax apply ???do i get tax from it?

fjsmith81

You should invest in a bunch of different financial vehicles. Don't just put the whole ten grand into one. Some investments can be risky, but they have a higher rate of return than the traditional cd and savings accounts. It is never too early to start a retirement fund. You should really be speaking with a financial advisor about this. Be very leary about anyone trying to entice you into their investments. Such as movies, music, new inventions, etc.

Good Luck

Fr_Chuck

If youi are looking at this for a long term investment you should consider a mutal fund that is spread out over a wide group of investments.

CD seldon keep track with inflation. If you are looking for it as retirement income, even funding the max each year into a tax deffered plan