 Does anyone know about investing in stocks? |
| I want to know who is the best company for a VERY casual investor...also any stock market tips you can give to a beginner.... |
|
 How do I invest in oil futures? |
Just looked up some q&a's about oil investment.
I want to invest in oil futures and not in the oil companies themselves.
How do I go about doing this?... |
|
 What is the best type of savings account to open for a child? |
| I am thinking starting a savings or investment account for my 3 year old son. I would start it with $500 and contribute $30 per month into the account. I was thinking of opening up an account on S... |
|
 If you had $100k to invest, how would you invest it? |
| Would you put it in a money market account, mutual funds, bonds, savings or CD? Maybe a combination? What funds currently carry the highest yield?... |
|
 Can you explain the reason behind the recent stock market crash? |
| Please explainm the US federal reserve's announcement to cut the rates. what is 75 basis points?... |
|
 Can I make good money off the stock market? |
| I'm very young, 24, and don't even have a real job yet (won't until a year from now at the earliest) but when I do get some cash I'd like to invest it, wisely, in stocks. I'd ... |
|
 Forex Brotherhood Review? |
Is anyone on here a member of the forex brotherhood? Anyone know of any decent reviews?
cheers, Davie.... |
|
 I am working in a bpo sector ... i need to invest on mutual funds i have no idea about it.? |
| i would like to have advice on how to invest in mutual funds or in insurance for a lessr period ...within 3-5 years not more than that....... |
|
 If I wan't to invest 100 dollors a month in small companys that I think will do well who do I call? |
| I don't know how to actually invest but I can always pick the companys that I know will do we'll . If I learn how to buy and trade quickly Id be rich already. I also have wanted to find out ... |
|
 What happens to my stock if a company declares bankruptcy? |
| I own a few hundred shares of (AHM) american home mortgage and i only bought it a few days ago thinking that it was as low as it could get and now they are talking about bankruptcy, I am wondering ... |
|
 What's the best way to earn money? |
| how can i earn a bit of money because i can get pocket money because my mum and dad are poor and i can't get ema.... |
|
 Why arn't many people investing in Gold? |
| I mean isn't Gold the only element that has very high value over time? Cash succumbs to inflation but gold doesnt then how come people are investing their money in other stocks that have no ... |
|
 Can a son or daughter fight who is named beneficary in dad's 401k. no will.? |
Additional Details
son or daughter was not named a beneficary in 401k. dad is deceased no will. can be fight the person named ... |
|
|  |
split350 | I am very paranoid about money and I save a lot. Is 9k good for a 20 year old to have saved up? |
|
 |
 
slavaret2
 |
It does not matter HOW MUCH you save - what's important is HOW MUCH OF YOUR INCOME you save.
The way to deal with paranoia in finance is to start small: assume you've only saved 8K, do your homework, and invest 1K in stocks for the long haul. Your paranoia will moderate or reverse after you start showing a profit (unless, of course, you develop a new paranoia of losing the gain :) ) |
|
?
|
That is EXCELLENT for a 20 year old to have saved up. Please be aware, however, that as you enter adult life where you have to pay your own rent or house payments, utility bills, insurance premiums, food bills, gas bills, etc., etc., etc., that that money will literally DISAPPEAR in front of your very eyes. My 23 year old son returned from his second tour of duty in Iraq with about 15K saved up, and within one year it was all gone. We warned him about that, but, he felt "rich" or confident financially, and he wanted to have some "good times" after having been in the war for a bit over two years. He had been paid extra for having been overseas in combat, and felt good about the money he had, and didn't seem to understand or appreciate the "dim" or "bad" news we had to tell him about how fast his money would disappear in front of his very eyes if he wasn't cautious about spending and tried to maintain some adequate savings plan. Now, he's back to month by month living with under 1K in his bank account. He needed money from me, and I made him BORROW it so he could learn just how difficult things could be. I made very generous monthly installment payments he could pay me back with over the next 18 months, with no interest, and hopefully he'll make it through. But all this is to say that, as good as you've done, and you truly have done good, please hear me tell you, just as I did my son, that that money will absolutely DISAPPEAR from before your very eyes if you don't develop a good savings plan, and be smart about your spending. I do wish you the very best, and God Bless you. |
|
Laissez-Faire Guy
 |
Very good. I think when I was 20, I was about $3k in debt and had no savings. |
|
MeInUSA
 |
YES..good job! |
|
Jodie G
|
Heck yes, that's terrific! |
|
Uncle Leo
|
That's excellent for someone your age. Keep saving. But don't be afraid to spend your savings on education. Education, especially getting a college degree, is one of the best things you can do for yourself at your age. Getting a college degree is especially important because most people who get one have careers where their earning power keeps up with inflation. Most people without a college degree struggle to avoid falling behind. |
|
John
 |
I would assume that you are doing a great job but it depends on your expenses. Experts say that you should have enough to cover 3 - 6 months of your expenses.
Do not keep all of your money in a savings account. Since inflation is averaging 2% a year plus taxes on your interest would mean that you should get a minimum of 4% interest so that the value of your money does not decrease.
Keep 1 - 2 months worth of expenses in a local savings account since it will be quick to access the money in case of emergency. Then put the rest into other investment vehicles such as a CD. Also, start investing some of the money in stocks. You are young enough that you can make a killing over the long term.
Just remember to NEVER INVEST IN SOMETHING THAT YOU DO NOT UNDERSTAND AND FEEL COMFORTABLE IN. |
|
drzdenizen
 |
Thats really good man and the way you would know is by looking around you, I bet you other 20 year olds arent doing that good. I speak from experience because when I was 20 I had 11k, but I was in the Marines so I had very little expenses.
A little advice,(if you dont already know) think about educating yourself on ways to invest that money i.e. real estate,stocks..., because it is nearly impossible to get rich just through savings. |
|
Frank Castle
|
No. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
8 | 10 minutes(s) ago
| | | |
7 | 50 minutes(s) ago
| | | |
8 | 1 hour(s) ago
| | | |
8 | 4 hour(s) ago
| | | |
8 | 9 hour(s) ago
| | | |
8 | 10 hour(s) ago
| | | |
8 | 11 hour(s) ago
| | | |
8 | 2 day(s) ago
| | | |
9 | 4 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
