The key to making money off the cash in your account will rest in taking a risk and investing it. However, you can determine if you want to invest in low or high risk things. It's possible you can make a great deal of money by choosing the best places to put your hard-earned cash. Knowing some top places to invest your money is sure to be helpful to you.

Mutual funds

Millions of people invest in mutual funds on a daily basis because there is a lot of flexibility with this type of account. You can choose from a wide variety of funds and work to create your own individual portfolio.

The good news for you is that you have the option of taking a high, medium or low risk based on the fund that you do choose. Of course, keep in mind the higher the risk you do take the more you will earn and this is something to consider.


If you're an individual that has a lot of time, you may want to consider investing in stocks. There is a lot to learn about this method of investing and you should be prepared for the proper training unless your financial adviser does it all for you.

Many people trade stocks all day online and can earn a decent income from doing this, but you should be prepared for a lot of work and planning ahead by being well informed about this process.

Certificates of deposits (CD's)

If you're interested in more of a low risk investment, you may want to strongly consider a certificate of deposit. This process will involve putting money aside with your banker and leaving it in place for a certain amount of time.

For instance, you may decide to have a CD that doesn't expire for six months or longer. You won't be allowed to use this money until this time frame has ended.

Keep in mind you will be able to earn interest on this cash and the rate you will get is typically based on the term of the agreement.

Taking time to think ahead is always a good idea for any person regardless if you want to retire or do other things in life. You will need to be proactive in order to reach your goals. Be sure to work closely with your financial service advisor today to assist you in making this happen.