If you are looking to start basic investments, look no further than your local Credit Union and Bank. These places have numerous higher yield accounts and well as certificates of deposits that can pay off if you decide you can lock your money up for awhile. The economy is in an economic recession which produces lower than usual interest rates on these investments. You can expect to find rates anywhere from 1-3.5% for a 12-48 month CD or if you looking for savings, the rates are roughly from 1-2%. Even though low, these rates still can make you money.
Small Business Investments
What you should be weary of is that in a small business you should never make any sort of business investments that you are not able to afford and there is a risk that you could lose it all. Remember, most funds are locked up for a given time and so make sure that they will never be needed for other business related expense or personal expenses. Instead, use these large sums of money to pay off higher priority expenses before you decide to ever invest. » Read more: Small Business Investment Strategies
