Just wanting to see how others invest any of their savings?
I have an account in traditional savings which for the amount of $5000 I earned about $52 for the whole year in interest. The current interest rate is 3.5%.
I also have a non conventional investment account which i've had for a few months, i have about $3000 in there and have earned over $600 in a few months!! The interest is phenomenal! It's a betting syndicate, so all money is pooled and a percentage is bet on races, they have an extremely good return. I'm wondering whether to put all my money into this one venture, but am worried about putting all my eggs in the one basket?
What do others do with savings/investing money? We are desperately trying to save for disneyland next year so any extra money is welcome!