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    chartay3's Avatar
    chartay3 Posts: 1, Reputation: 1
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    #1

    Jun 23, 2006, 06:14 PM
    Investing
    I need to invest 5,000.00. What type investment will grow fast?
    Dr D's Avatar
    Dr D Posts: 698, Reputation: 127
    Senior Member
    		  
    #2

    Jun 23, 2006, 07:25 PM
    The one with the most risk will yield the greatest return. The guy who jumps from the alley, guaranteeing to double your $ in one week, is high risk: a 4% per year CD is low risk. Determine your tollerance for risk, and pick your poison between the two extremes.
    shunned's Avatar
    shunned Posts: 268, Reputation: 20
    Full Member
    		  
    #3

    Jun 23, 2006, 09:18 PM
    I don't think there is a "fast" way. Six month Certificates of Deposit are safe, and pay better interest than savings accounts and money markets.
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