Get Your Feet Wet - Start Investing

Get your feet wet - start investing - If you're looking to start investing, you don't need to know much about the stock market to get started right away. Start by becoming a conservative, low-risk investor. This way you can grow your money while learning more about investing.

Start with an interest-bearing savings account. You may already have it. If not, you must. 

You can open your savings account at the same bank where you drew your check or at a different bank. Savings accounts need to deposit 2-4% of the money in the account.

If you don't have a million dollars in that account, it's not a lot of money, but it's a start and money-making.

Next, invest in a money market fund. This can often be done through a bank. These funds have higher interest payments than regular savings accounts, but they work the same way. 

These are short-term investments so your money won't be tied up for long, but again, the point is to make money.

Certificates of deposit are also risk-free and solid investments. Interest rates on CDs are usually higher than those on savings accounts and money market funds.

You can choose the investment period and pay regular interest until the CD expires. CDs can be bought from banks that insure against loss. When the CD matures, you receive the interest generated by the CD in addition to the original investment.

If you're just starting out, any or all of these three types of investments are the best place to start. Again, this allows your money to make money for you while you learn more about investing elsewhere.

These funds have higher interest payments than regular savings accounts, but they work the same way. These are short-term investments so your money won't be tied up for long, but again, the point is to make money.

Certificates of deposit are also risk-free and solid investments. Interest rates on CDs are usually higher than those on savings accounts and money market funds.

You can choose the investment period and pay regular interest until the CD expires. CDs can be bought from banks that insure against loss. 

When the CD matures, you receive the interest generated by the CD in addition to the original investment. 

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