Your Questions About Investing Money Wisely

Omar Mossadek answers:

It’s just not fair! You did something and had a good result and someone else did nothing and has nothing to show for it. That’s not equal. So, we must take some of yours and give to others so that they can be equal too . . . .

… At least that’s what they say to me ….

Omar Mossadek answers:

Gosh those 2 first answers are awful. Anyways even though i don’t know any website what i can tell you is that you are just too young to try to invest your money. So the best advice i could give you is to open a bank account and just save your money there. So it seems to me that you are mature enough to think of investing your money but i dont think you are making the kind of money to be invested. You are too young to get into the investing business so i say just save it and spend a bit off it every now and then. You could also check how much money you are spending Thru online banking. (Your Bank website)

Omar Mossadek answers:

Dont keep it in dollars. Mr. Obama and Mr. Bernanke seem to like monetary policy which punishes those who save for a rainy day by destroying the buying power of existing dollars.

Put it in something tangible such as land. Since you are looking at short term that probably isn’t a good option, so try gold or silver. As long as the government continues to borrow and print money more and more people will want to turn their money into precious metals as a hedge against the inevitable inflation that is headed our way, this will drive the value of those assets up long before the inflation takes hold.