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Investments - Mutual Funds etc
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Hi. I have just read that it is best to invest money in som |
Diamind |
03/02/04 |
Investments - Mutual Funds etc
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Hi. I have just read that it is best to invest money in something like mutual funds and have a lot of money for pension. I have a little bit of fear, because I am from Russia and there was somthing similar to mutual funds during communism and when communism ended all the moeny went to goverment, who did't returned anybody anything. I am afraid somthing like this may happen with my money in USA. I live in Washington state and there is a big company called Washington Mutual that probably makes this all this stuff. It sounds cool to have 10% profit from your investments every year. I will have a good salary and would like to put them in such funds, rather then spend on flashy cars and houses etc. Do you support this kind of investment - mutual funds? As i understand it means you give some of you rmoeny to some people, they invest them smart and take 2% and you 10% of the return each year. Well, your 10% will increase your money to 110% and every year it will grow more and more if you dont make withdrawals. It works for me. Does it work for you? |
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