Which investment or savings option is best and why? Which investment or savings option is worst and why?
Bank savings, credit union savings, Certificate of deposit, , U.S. savings , municipal , other savings.

 
  • Scott 9:05 am on February 8, 2010 Permalink

    You should not invest unless you have at least some fundamental understanding of how it all works. Otherwise you are just going to lose all your money.

    There is no "best" and "worst" option but what may be better for one person may be worse for another. This is why I say you need to understand all of the investment vehicles before you start investing. If you do not understand how they work then you cannot begin to decide which is best for you.

  • exactduke 9:05 am on February 8, 2010 Permalink

    If you want your money to grow faster than inflation & taxes, then the stock market is the place to be. Savings accounts, and bonds will not do this, and are generally used to keep your money safe, and for short term needs.

  • Investing Bob 9:05 am on February 8, 2010 Permalink

    Yes Americans should invest in the stock market. I like no load mutual funds including bond funds. Go to a no load fund family unless you have a lot of money the go to a large house such as Fidelity or Vanguard.
    Worst: Loaded mutual funds, Bank savings, credit union savings, Certificate of deposit, stock market, U.S. savings bonds.