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general savings questions etcgeneral savings questions etc
arizona steve said: "well heres the deal, ive got a few G's that ive worked long and hard saving up...its just sitting in a regular ol savings account right now (you know the kind, with pretty much zero percent interest to be gained. i think last time i checked i got like 18 cents from interest rates. woohoo!)
anyways, im about to buy a cheaper car and sell my current car and from that i might have a few more grand in the end (depending on if the mod bug bites me and i need to mod this car!)
would you guys recommend me just leaving all that money in a regular savings account? or is there a way i can make some decent cash of interest from it just sitting there? such as a long term savings account, if there is such a thing?
or is there some sort of mutual fund etc that isnt very risky that i can letit sit in and perhaps gain a bit of money off of? or would that be too risky either way?"
HappyHarry said: "Savings accounts do just about 0 in returns. Almost anything would be better.
Take a look at index funds or at least a money market account."
Yoshimi said: "just put it in a promising long term stock like AAPL (Apple Computers)"