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What are smart investments during a depressed economy?

asked by luscious (5)

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Tags:  finance

answers

The best thing is to pay down debt. Your credit cards carry over 12% interest. By paying that off, you can actually save.

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posted by Emr (681)
7 votes

I believe that if you are making monthly deposits into a no load mutual fund then you should continue to do so. This strategy allows you to buy low and when the market does come back your investment will grow quickly. Do not expect too much return. Buy small, buy Savings Bonds or open a certificate of deposit.

7 votes

You need to be very careful due to downward market trends. Your best bet would be investing in mutual funds that invest in the bond market or GNMA market.

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posted by demannlv (77)
6 votes

Since the stock market is down, stocks are cheaper. This is a good time to buy S&P500 index funds since they most likely will bounce back in the long run

6 votes

1. Pay off your debts. The interest rate is a certain return on your money. 2. Property, such as a house, since prices are low and likely to increase.

6 votes

There is honestly a grey area around the term smart investments. Low risk investments are the most stable with less return. High risk investments are more volitile with higher return.

5 votes

Gold bars are people's favourite investment, gold keeps its value and deals well with inflation.Learning new things to equip yourself is also a good one.

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posted by Baobao (766)
2 votes

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