If you have money you don't need, invest in treasuries. It pays almost 5% with the least risk.
This is why you should never take any advise from people on an internet forum on how to invest, (
me included of course).
Do you go to the barber to ask him to fix your leaking pipes in the kitchen and then go to the plumber for advise to get your haircut?
Probably not...
This is a long term investment strategy and a very bad idea; and with treasuries you do exactly that which is that you invest for the long term.
Ever considered that US (
and many other western nation's too, but especially US), treasuries are high risk due to that
USA is about to tank with the largest government debt in the history of mankind that never can be repaid?
Top on that we are now transitioning away from petrodollar to petrogold and USA's status as the world currency is at peril. It is no longer a question if US is going to lose the status,
but when. Countries are already dumbing the US treasury papers for something more stable.
But sure; if you are a hard believer in that old thinking then buy US treasures and invest on toilet paper because that is exactly what it is. Actually the most worthful is the ink on it.
Don't invest any of your money unless you really know what you are doing. Otherwise you might as well just go and gamble at the local casino. The end result is the same nevertheless; you will lose all your money.
And for the sake of it I put a disclaimer to emphasize that:
There is a very extremely high degree of risk involved in investing in the financial markets. In any market where a potential for profit exists, there exists also a risk of loss. investing and trading is a risky business. You should only trade with money that you can afford to lose. In case of loss, the amount should not affect your lifestyle and your family's in anyway. Be aware and accept this risk before trading.
You are responsible for your investments or trades. Depending on your specific investment objectives and financial position, the investments discussed or recommended in this website may or may not be suitable for you. It is up to you to weigh any decision carefully. Past performance is not necessarily a guide to future performance and is no guarantee of future results. There is no guarantee that, even with the best advice available, you will become a successful trader. Not everyone has what it takes to be a successful trader.
The reader agrees to indemnify and hold me harmless, (PowerQuest) from and against any damages, costs and expenses, including any legal fees, potentially resulting from the application of any of the information provided by here which should only be read as educational or personal entertainment and do not in any way encourage you to invest your money.