Im not really interested in investing but a lot of my friends are telling me that I should try it out because they’re getting a good fixed rate …I think it was 4% or more. So I’ve finally given in to get them off my back. I don’t really want to go with the company they’re with…plus I want to get a better interest rate J. Does anyone know of any companies that could give me a better fixed rate and I wouldn’t have to worry about penalties for withdrawal. It would be nice if u could send me some site to look on.

I’ve already check out dealsjamaica, extrax and cashex. I like them but I want more to see if I can get better

Investing doesn't typically come with a fixed rate. What are you investing in?

If I were to recommend sending you anywhere, it would be to the library so you can check out a few investing books and educate yourself about what you're doing before you do it.

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I agree with Cookie. There are a lot of questions to be answered, like do you want your money easily available? How long can you leave it? What's your risk bar?

Mutual funds are a great way, but you have to choose the right mixture of funds. BUT, it may not meet your individual scenario.

And for the ones you listed, do some googling on them, then type in their name and the word "scam". You will be enlightened. Just consider the source of the info in all cases, good and bad.

And welcome to mommysavers!!

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welcome, I agree with the girls. DO some reading first. At the very least u need to know the correct terminology. There are many types of funds and in then the there are no load funds or front or back load.

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I was in an mom's only investment club for five years and learned a lot. I thought our rate of return was pretty good, until I talked to my dad who has been investing for years. After that conversation, I quit the club and decided to work on my own (w/ dh's and Dad's input, of course).

A few good sites (and there are many):

The Motley Fools. Here is their "about us" page link, but check out their homepage, too. About The Motley Fool [Fool.com: Press]

bankrate.com

and one my dad likes: Bob Brinker's Land of Critical Mass : bobbrinker.com Marketimer © Moneytalk Bob Brinker

Hope that helps. If nothing else, a little reading on your part may help you see that it's best not to invest because someone - anyone - is pressuring you to. It's your money!

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Oh! And one more thing . . .
If you want to earn 4% on your money, you might try an online bank's savings account. ING DIRECT - Save Your Money! is offering 4.25% on their savings account at this moment. I have one. There are pros and cons to online banks, but too many to mention here. Check it out, if you like.

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Hello and welcome. Glad you found us.

Our Money Matters forum is a great source of information. Post in there and see what helpful advice you may receive!

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