What kind of account is promising a gain of 40%? that seems very suspicious... If your time horizon is 1 year, consider parking that money in an online savings account until you need it, or a short term <1 year CD. the difference between rates of the savings account and CD for such a short time period might not be worth tying your money up for that time period.

Before investing into a mutual fund you need to start with simple effective to start you way off to freedom.

the first step is to open up a regular passbook savings account at your local bank.This is your emergency

money fund. You need to have approximately 9 months of your salary.

After you have completed this first step ; don't stop putting money into your savings account.. then start saving money to open up a Certificate of deposit.That's about the beginning of your independent money manager.

With that in mind do you have a checking account? That is very important to remember.

A money market fund is separate from a mutual fund.It's bank 1 positive aspect in which the account

doesn't lose any of what is in a safe place.

It's what type of personality trait when you think you are ready to open up a mutual fund. You can be

your own money manager. That is the way you can become independent of anyone which will mislead you.

In closing: i know you will be a good manager and make the wise decision for your situation. Thank you for letting me share with you.

Silver market

I would say invest in the market.

An MMA (money market account), either a CD or an MMA.

I could put the money in an account that I can not touch for a year, and gain 40%, or I could invest in the market which has a bigger risk for a possibly smaller reward. Any ideas what to do?