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Old October 9th, 2008, 09:55   #19
L473ncy's Avatar
Join Date: Oct 2004
Location: 11-30-24-1W5
I was just saying use savings accounts to save your money but if you actually want to invest mutual funds are the way to go, they're not as volatile as penny stocks or blue chip's but you can sure as hell almost guarantee that you will get a good return over the long run (ie. 20-30 years down the road).

If you're young and have money to invest (like extra money kicking around) I would suggest that you get a super aggressive portfolio for the first few years and slowly get more conservative to a more conservative portfolio. This is what I'm going to do.

Penny stocks are fun to play with and super volatile so if you're up to the risk then pick up a few of those and see if you're right and turn a profit. They'll only go one way (up or down) so make sure you pick the right one.
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