 If I have $10,000 - $20,000 in my saving account will they charge me taxes when I take out? |
| Since the account has been accruing interest on it? And do banks charges per month fee if you open up a saving account?... |
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| I am a summer intern at my job with only a month left this summer, and I only come back to this job one month in the winter and two months during the summer. I do not plan on continuing with this ... |
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 How can I invest $5,000? |
| I don't like stocks. because it's returns are not great. Since 9/11 it's returned what 1% annually. Plus the brokerage fees equals no gain.... |
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 How do I know if my financial advisor is giving me good advice? |
I don't know much about investments and stocks, so I trust my advisor to make all of my decisions about my IRA. All of the money is in one mutual fund, is that normal?
Additional Details
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 What's the best online trading platform (E*Trade? ScottTrade?)? |
| I wish I could do one that did both stocks and commodities and futures, but I'll be happy with stocks. I want to place my 40k in mutual funds into day trading (don't worry, I have actual ... |
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| The stock market won't stop going UP and then DOWN it's like a stupid roller coaster. What's happening?... |
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| I am intending to invest in share market. But, I am little knowledgeable. I want to be informed.... |
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| We have $10,000 to invest and will be living overseas for one more year. During that year, we would like to see that $10,000 make a little money for us if possible, so we can put it down on some ... |
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 How do you know when its time to sell your stocks? |
I know it's not the best time to ask!....LOL
I have shares in a prominent company, which I feel is very resilient. However, with the state the economy is in I am a bit concerned.
... |
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 How to save your money fast? |
hi,i would like to know if anyone knows any good tips to save up some money,anything helps and i would be thankful...thanks
☺☺☻☻♥... |
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 Investing 101? |
| ok so i have $5000 how do i invest it n what stocks should i consider? invest it all in one? or many? I have NO clue how to invest into the stock market. your help is ... |
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 I have 500 dollars to invest? |
| what would be the best way to invest to get a maximum return in a short period of time?... |
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 I am buying house for investment. I am not sure if I should 20 or 30% down pay.? |
| I thought 30% down better to reduce interest pay. But my agent says to put 20% because I could get tax deduction for home interest payment. which one is better to reduce interest pay or to get tax ... |
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Southern_Girl | How do I begin investing in the stock market? |
Iam a beginner, and I want to invest in the stock market, who do I need to contact? |
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Mr Chris
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Scottrade is a great discount broker. Stock trades are all $7 regardless of the number of shares (there are a few exceptions such as penny stocks). If you don't know much about investing start with an exchange traded fund (ETF). There are funds that track the entire market such as VTI, there are funds that track the S&P 500 such as SPY, and there are funds that track the nasdaq such as QQQQ. Without much investment knowledge or sufficent funds to hire a professional and/or diversify your portfolio, ETFs can offer an inexpensive way to diversify yourself. The older you are the less risky you'll want to be with your investment choices. Also try to limit commissions to 1% or less of each investment. I.E. if you go with scottrade and have to pay a $7 commission, don't invest less than $700 at a time. Also if you want to educate yourself on investments go to investopedia.com, it's great. Also morningstar.com and finance.yahoo.com have a lot of good information |
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barry_robbins_98
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I would suggest a couple of things. First read "The Little Book that Beats the Market" - this will help you learn the fundamentals of finding good investments. Then you want to see what the best investors are buying and selling. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
When you are ready to start trading "real" money, then open an online account at Scottrade. They offer $7 online trades.
Good luck. |
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jebediabartlett
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As you can see by the "answers" ...there are many ways to get started, and many places!! If you go to :http://moneycentral.msn.com/beginnerguide.asp?page=introduction They cover many of the " ways and places" and they have links to investigate funds and stocks, so if you do get started you have some idea as to where you want your investments to be. |
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Life after 45
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You can invest as little, or as much, when ever you want, at ShareBuilder.com! But, YOU have to do the research on company's yourself, there are no brokers to help you, but there is tons of info on the site to help you research, though Yahoo Finance is even better, and of course, free :)
It costs about $16 or so per live trade at ShareBuilder.com, OR you can set up a weekly transaction for $4 a trade (there are a couple of ways to set up investments, please see the website for full details).
No matter what you do, please do yourself a favor, and see their website, you owe it to yourself to be fully informed of good investment tools, and ShareBuilder.com is an excellent one!
Visit: http://www.sharebuilder.com and start investing your way, on your terms! :) |
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Rabbit
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There is a neat tutorial at Zacks.com. I discovered it when signing up for their new stock market simulation game (if I win, I get a $100k contract for a year to write about stocks). The tutorial covers the specifics of making and managing trades. The game, and piles of others like it, give you practice before you risk real money. You can try things and take your lumps for mistakes that won't cost you the farm (which you shouldn't have wagered anyway). Give it a look, its free. |
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tsull73
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First of all, I would recommend talking to your parents and see if they know anyone that can help you get started. I do not know your financial situation, nor your age. But I will assume you are in your 20's and make less thnan 110k a year. This being said I would consider a roth IRA.
They are also known as Individual Retirement Accounts. Its is a savings plan available to anyone who has a taxable income, but it is subject to certain eligibility laws. An individual can make contributions only from compensation income, which can include wages, salaries, fees, tips, bonuses, commissions, taxable alimony, and separate maintenance payments. It does not include incomes from pension or investments.
Although a Roth IRA is funded with after tax money and there is no tax deduction, it grows and earnings are withdrawn tax free in retirement. They are a popular way to save on tax. Also, there is no age limit to make a contribution to these accounts. This means that, unlike the Traditional IRA, with a Roth IRA, people over the age of seventy and a half years can continue to contribute funds to the IRA account. Also, it is not mandatory to make any minimum required distribution. Moreover, the contributions made to a Roth IRA are never tax-deductible, but they may or may not be tax-deductible in case of the Traditional IRA, depending on factors such as the individual's tax filing status or adjustable gross income.
The amount contributed is nondeductible and so Roth IRAs, are the ideal way to enable your earnings to grow tax-free. In fact, the Roth IRA provides earnings that are tax-deferred and possibly tax-free. The contributions themselves are subject to tax deductions, but the distribution or withdrawals are not.
The maximum amount that you can contribute to this account in one year cannot exceed $4,000 or 100% of your gross adjustable income, whichever is less. To contribute to the Roth IRA, you need to have taxable income, and also the adjusted gross income should be less than $110,000 individually, $160,000 if you are married and file a joint return, and $100,000 if you are married but file separate returns.
Hope this helps... |
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Frank Castle
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Scottrade. |
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Shayna
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Contact a broker found in your local yellow pages of your phone book. |
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Robert L
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Have you considered trading in FOREX (international currency exchange) instead of stocks?
With Stock trading with $500 to start with, you can trade on one stock out of 10,000 possible choices and if it goes up by pennies you make a little money but you pay trade commissions.
In forex, the same $500.00 lets you trade $50,000 worth of currency and only 5 major currency pairs to choose from and no trading commissions.
I am making about 20% per month trading forex. There is even software available that does it all for you
For more information go to www.huttoinvestmentgroup.com and check it out. |
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