Originally posted by: nocturne
Not slamming anyone who doesn't have a lot of money to sock away, but let's be honest here--if you want to earn any significant amount of money, you need a fairly significant amount of capital in order to do so...
Obviously its the rich-get-richer at work here, and i agree to some extent - however; you dont necessarily need a lot of money, unless you want 0 risk. Having more $ definately helps, and i'm sure most/all of us WANT more money , but if you diversify into mutual funds/stocks/ ETF's, you can earn returns in the 10-12% area with some slight research. Pull up some 10-k forms from EDGAR, do a little research on the company and the market trend of the industry, and check out investopedia, which has some GREAT resources.
That said, if you're scared about risk or dont want to do research then, you're not going to earn much more than 4.5%
The FMOC (who sets rates) is meeting again in june, and they've given a pretty good indication that they're bumping the rates up again. If you've noticed, >90% of the stocks are down today....Thing is, it takes several months for the rates to come into play, but still. That is a good rate, provided its FDIC insured, and its only for 7 months which isnt to bad. Even with the rates up to 5% (provided they do raise them next month), might be a good bet for a risk free inv.