Originally posted by: iwearnosox
Put it all on black.
Hah hah...I was like "???" then I suddenly got that.
The best way for you to invest money is for you to do research and find out all these different ways rather than listening to one person telling you to "do this".
Look into IRA's, look into stocks, CD's, mutual funds, etc.
Alot of people are saying not to invest in stocks right now because they're not doing so well. Well, do you want to invest when stocks are doing very well and prices are high? No, I would try to accumulate when prices are low and wait until the market recovers (how ever long that will take). Buy stocks that YOU think are going to do well, but remember to research it first.
If it's the bank account approach you want to take, Ford Financial has a 3% money market account which is higher than what a bank will give you, but you have to maintain $10,000 or more.
Ford Financial.com
Another site to check out interest rates is
Bankrate.com
Good luck and may you invest your money safely and prosper. Good that you're not spending it. It's funny that when someone is given money they're prepared to throw it all away...