 Buy mutual funds now or wait until later? |
| I am in a position to purchase some mutual funds for my retirement portfolio. Hopefully retiring in 5 to 10 years. I'm debating whether to purchase the funds now or wait until the fall or ... |
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 Money to make money - Lottery odds? |
Have you thought of the following
Okay, the winning odd is 14 million to 1 in winning lottery.
How often does it have more than 2 winners? If you have 14 million dollars, you will ... |
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 I am looking to invest some money, perhaps in stocks? |
| I am looking to invest 1,500 dollars. I am only 18 and I am looking for it to be about a 5 year investment. I would like to put more and more into it every so often so I am assuming my only option ... |
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 How much do you trust online shoping? |
| On a scale of 1 to 10 how much do you trust online shoping?... |
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 Where to make my money grow faster? |
Im 23 and an employee from a medical transcription company... I want to save money for future use but dont know where to invest it or how to make my money grow faster....
I always failed to save ... |
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 If you want to become a trader, should you study finance or economics? |
| Please explain as well why you chose either finance or economics? (I'm currently debating which I will go into when I go to College)... |
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 If share market is risky for 20 year old student,who have 20000Rs,than what is next option to make more money? |
| i'm BCA 2nd year student,i have 20000Rs. which is not in use for me now days,i spent very less.So how can i make my money more with or without investing?... |
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 What is the best investment I can make in stock!? |
| just trying to see what are best stocks to invest.... |
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 Investing in gold and silver? |
| i wanna start investing in something so i thought the safest bet would be to start with gold and silver. is this a good choice? are there any other good investment options for begginers to make a ... |
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 What are the reasons why people invest? |
| Not the basic reason, that people want an economic gain. Or they just want to get money, but more detailed answers and reasons. Like for example, they want financial security. But please as I say ... |
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 Monthly income from investment? |
| I want to invest to get a fixed monthly income.What could be the best option?Do mutual funds help me or any fix deposits.... |
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 Is the Stock market closing up or down today? |
| Give your predictions for Dow, S&P & Nasdaq........ |
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 I want to save for retirement but do not know how? |
| I am in my late 20s and I hear so many people say get an IRA, 401k, try saving with your bank through mutual funds, or CDs but what do I do? I just started a new job and they offer nothing. My last ... |
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Joshkins | 16 year old looking to save/invest $1000? |
I have about $1000 to save, and I want to make it grow. I still have a part-time job so the $1000 is just extra money. I would just put it in a savings account, but I want something that would yield more money than that, what could I do with it? |
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Eric D
|
you can play the stock market, with that you have a chance of losing it all or yielding 20-40 percent in return, but that is very time consuming, i was in the exact same situation as you were a few days ago, I had $1000 to save, I went to my bank (BB&T) and opened a CD (certificate of deposit) it matures in 7 months with an interest rate of 4.88% compounded monthly, so when it matures, i will have an extra 29 bucks, I know it doesn't sound like much, but depending on your banker, you can add on
another thing to do is to buy bonds, those are in smaller increments
safest route: go to your bank, talk to them |
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Geeeyaaa
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Open a ROTH IRA.
It's tax free growth and tax free deductions. |
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gregory_dittman
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It depends on what you want to do.
CDs fo short term
I-bonds for medium term
ETFs and mutuals over the long term
At your age you should be getting a plan together:
You should be thinking about 3-6 months of emergency fund (based on expenses) and a retirement plan because time is the most important part of the time times principal times interest equation. At 18, you should immediately open a Roth IRA account and start throwing in your extra money. |
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saladin_ancient
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Well firstly, you have to be a legal adult to own stock in a company.
Minors often have trusts made to buy stock for them, and simply have them as the sole beneficiary of the trust.
You should start with that. |
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bluedoggy2006
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Buy a savings bond.
http://www.urbanext.uiuc.edu/ww1/06-01.html
This above site will show you how much money you can make over time $1000 is nothing as you get older. It's good you decided to invest it now. If you invest it now and forget you ever had it, you will be very happen when you retire.
You could play the stockmarket too
http://www.ridestock.com |
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Cathy
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I would recommend you to invest in shares / mutual funds / bonds. |
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Stephanie S
 |
First of all, good job wanting to save at a young age. Depending on when you need this money there are several choices. If you will need it anytime within the next 3 years then the stock market is probably not the best place for it. If this is the case it would be safest to invest in a CD or other short term cash equivilent. If you do not need it before you turn 21 then there are several great mutual fund choices for $1000. Fund families such as Oakmark, Selected American, or the American Funds (these have a load) are good choices. You can find out information on how to invest on each of their websites. |
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bob shark
 |
A great age to learn about investing.
Get your parent to take you to the bank and talk to them about getting a No load , Balanced Mutual Fund. This is a fund balanced with stocks, bonds and money market instruments. It is a diverified investment, relatively low risk compared to most funds, low volitility and you should be able to track it's price changes in the newspaper.
Good luck, this is a great way to start |
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