College Student w/ investment considerations?
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The best place to put it that will get you a return better than inflation (inflation is about 3% per year) is an online high yield savings account. Many companies offer this (Etrade, Emigrant Direct, ING Direct, Citibank, HSBC, and a slew of others). They all give roughly 5% interest on the account.
This isn't really "investing," as it is a savings account, but I strongly discourage investing for any term shorter than 10 years, in fact, I wouldn't recommend investing for any term shorter than 20 years, either. A high yield savings account is your best bet, because it won't lose any value, but will earn you enough to beat inflation.
College Student w/ investment considerations?1st compare the loan interest vs the fd interest it may b lower than the FD interest due to it is a government scheme, if FD is higher than the safest way is keep in the FD, due to as what you mentioned you make ned the money in emergency, so you won't face any risk in short term time, don't forget investment it carries risk.
If you have confident and know how to monitor, then stock is another option but you shall look for the good stock which not much fluctuation and paying high dividend.
The last option is into bond funds which is the low risk investment tools
Lastly before you invest you should analise the investment cost, time and returns factors of course your country environment and regulations
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