Best way to invest

Pareezay · March 6, 2009, 10:05am

Someone on a limited salary trying to save up for use a year later.. what’s the best way?
Btw, person is not Muslim so interest rules don’t apply I guess.

ehsan · March 6, 2009, 2:55pm

Re: Best way to invest

Where is the person based

Pareezay · March 7, 2009, 7:03am

Re: Best way to invest

U.S

Niksik · March 7, 2009, 7:45am

Re: Best way to invest

keep it far far away from dear wife I guess

firenze · March 8, 2009, 3:55pm

1) Cds..

2) Savings Account

3) Stocks

4) Piggy Bank

NJMasti · March 8, 2009, 3:58pm

Re: Best way to invest

^I would cut out the stocks...lol - it's risky

ehsan · March 8, 2009, 5:18pm

Re: Best way to invest

For the type of amount which we might be talking here the best bet is savings account. stock market or any type of funds will be risky keeping in mind the timeline.

sumorani · March 8, 2009, 5:48pm

Re: Best way to invest

The only good investments right now are TIPS and under the mattress.
No but seriously, haha TIPS. The friend won't earn a great return but will be able to keep it's value. Also look into short term treasuries I think they have a higher return and obviously both are very safe.

Do not invest in the market. I've told this to people in the recent past and they went against my great advice and lost thousands.
You should tell your friend there really isn't any great investment for such a short time period, definitely not in 2009.

For everyone else not on a budget, start buying real estate by the end of 2009 or early 2010 in the US.

ehtasab · March 9, 2009, 1:01am

Re: Best way to invest

For one year Gold is best :k:

eProperty · March 18, 2009, 2:10pm

We offer priorities in Lahore at competitive prices. Current market situation is favorable for investment in Real Estate Market.

fallenpieta · March 20, 2009, 10:59pm

Re: Best way to invest

I agree. Gold and look into mutual funds.

umair_iba · March 21, 2009, 9:23pm

i think after the situation that exists.. gold or treasury stocks in the US .. the only other good option would be to invest in a good stable savings or an thrift institution stock as it is normally known that there beta is negative that is when the economy goes down they go up ... as people save .. ofcourse leaving the banks like RBS and city and BCCI out

umair_iba · March 21, 2009, 9:24pm

Re: Best way to invest

who said property is he mad ... as far as i know all the property bubble burst a year ago and in US the subprime mortgage problem brought the property prices wayyy down

NJMasti · March 21, 2009, 11:58pm

Re: Best way to invest

^True! All that was priced so high for the cardboard boxes, are finally tumbling down ! yea!

firenze · March 23, 2009, 3:35pm

Re: Best way to invest

^^ and the best time to buy the property is today !

D_rkNgt · March 23, 2009, 3:42pm

Re: Best way to invest

bt how ?

shahid12 · April 16, 2009, 4:16am

Re: Best way to invest

buy gold

bob_chasm · April 16, 2009, 5:47am

Re: Best way to invest

One year is not a lot of time. Then again, I just showed everyone how I made 67% in four days on the stock market. (Please see, "where to invest savings" thread) . So, who says it is a bad time to invest in the stock market? Clearly it is not bad for me.

The secret to investing is to wait for the right opportunity, whether it is in stocks or real estate. I agree with posters who say it is a good time to buy real estate. There are some great foreclosure opportunities. However, financing is not easy to obtain these days. Also, keep in mind, buying and selling real estate can be expensive, considering brokerage costs etc. I recently bought a rental property too, but i dont enjoy managing it.

Can I ask how much money is your friend saving a month? How much do you absolutely must have, at the end of the year? What kind of returns are you expecting?