How do I start making my money work for me without taking too much risk?

Monday, 31 May 2010 23:00

Q. I am at the point where I have money lying around that I would like do something with rather than have it just sit in the bank. What options do I have that won't be too much of a risk?

A. Risk and return are related: the more return you want, the more risk you have to take. Talking of low tisk and longer term perspective, you should be doing well with a 100% bond portfolio, or with mutual funds that invest 100% in bonds. If you are considering this as a short term goal, your best choice is 6-12 month CDs, but you will get a lot lower return on them.

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Good luck!

Moni.