 How to get rich? |
| please someone give me a little push towards getting rich! please help!... |
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 Is it possible to be rich by investing? |
im 17 thinking of investing money in stocks next year. but is it possible for a novice like me to be rich. one day hopefully
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 I want to invest plz suggest me? |
| i hav 10000rs with me i want to invest some where can i invest plz suggest ... |
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 What website would you recommend for a newbie in the stock market? |
| I'm not a frequent trader, and my account balance will more than likely be low initially. Just looking for something that doesn't cost an arm and leg while I'm in the learning process.... |
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 I have $15,000 dollars and want to invest, where is best and..? |
| hey guys i got a 15 grand settle ment or around that much and am 18 years old.. I dont wanna blow it on something stupid like most other kids would do. I want to invest as a job maybe and im ... |
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 Any stock insiders out there? |
| I have like $1000 That I am willing to throw away willy nilly, I would split profits evenly with any insiders out there...... |
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 How low to wait for DOW to drop before I buy? |
I know it's very speculative, but how low should I wait for DOW to drop before I buy some mutual funds?
I'm planning on $10-30,000 on a indexed fund such as Vanguard Index 500.<... |
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 Bonds or stocks....What does age have to do with it? |
| We have 100% invested in bonds, I am 29 and my husband is 34. We have had it this way for about 12 years. We received a letter in the mail from our investor Vanguard that basically for age range we ... |
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 What is NET? |
| Can anyone tell me what NET stands for?... |
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 What should I do with my $? |
| I had almost $6000 in my profit sharing acct. when I quit walmart last year. It is with Merrill Lynch, and I just left it with them. I don't know anything about $ or investing, etc. Should I ... |
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 What are some stocks that are doing well? |
| I need to buy a few more stocks for the "game" I have to participate in for my financing class on stocksquest.com. What stocks should I buy?... |
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Thomas Aquinas | I have a little cash ($2000) that I want to invest in a mutual fund.... Good idea Bad idea? |
I am new to the whole investing thing. Im 22 and I want to know where and how to get into the investing market. I know right know the economy isn't so great but I would like to invest into something. Anybody with any good ideas? |
 |
 
es
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Well, you got a lot of advice here, but not one person asked you what your timeframe is. If you intend to grow that money, then use it for something ( say, college or graduate school, , house downpayment, large purchase like a fabulous vacation or new car, then a mutual fund may not be a good idea. That's because mutual funds work best as long term investments-10, 20, 30 years or more. They do fluctuate in the short term ( some are down 10% or more this year) so you can actually lose some of your principal if you have to pull it out during a downturn (bear market). The best thing for you to do is have a meeting at a brokerage, like Schwab, or TD Ameritrade. You can actually get professional help making your decision. You will be asked about your risk appetite ( at 22 it pays to be a little aggressive, if you can live with the fluctuations--sometimes it is drastic) and goals for your savings. It's a wonderful idea. If you can't stand risk, then you can buy I-Bonds at the bank, which are inflation protected. Start reading, and learn all you can. Some good websites include www.bloomberg.com, Yahoo Finance, www.ibd.com (investors business daily), Vanguard, Fidelity--they all have websites. And, of course, your public library has plenty of material about how to get started.
Best of luck to you! I think it's great that you are mindful of your future, and want to save and invest. Start with a call to a brokerage and talk to a broker. He/She will be happy to help you get started. |
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thomas p
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I would invest in Fidelity fund with a focus on domestic U.S. growth stocks. In the alternative, I would go with a Dodge and Cox fund, and last but not least a fund managed by Ken Heebner. Mr. Heebner has a great understanding of international and domestic opportunity. I buy the stocks in his funds. I sleep well with the feeling that Mr. Heebner "has my back." Buy through a discount broker. As Schwab ads often point out "friendship is not enough" on which to base a brokerage relationship. Disclaimer: I dont own any mutual funds and would advise you put your fund in an IRA to simplify your tax return. Good luck and much prosperity to you. |
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qbadge
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a lot of volatility in the markets right now play it safe through a guaranteed return investment for the short term and when the volatility goes away at least relatively then dive into equity. |
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gregory_dittman
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80% of traditional mutual funds don't beat the SP500 over the long term. You can do two things though. One is to buy an ETF that tracks something like the SP 500 (in this case it would be SPY). Read articals against mutual funds (and articals debating traditional mutual funds vs ETFs) and if you still want to get into a mutual fund, look at the fees while shopping.
There are also indexes you can buy with sometimes even lower fees, but genrally one needs a few thousand dollars to buy one (you may need enough). For instance the SP500 really is an index that is sold as one. Russell 2000 is another Index that you can buy. Wilshire 5000 allows you to buy an index that covers every stock in the whole NYSE.
As far as buying stock, you generally want to buy during a downturn. there are stories of millionares turned billionares when they bought stock during the Great Depression. Although you probably won't get that lucky with $2,000, but chances are you will be doing something "for free." Let's say you spend $40 a month for an internet connection for 30 years. You will have spent $14,400. At an average 9% compound a year for 30 years, you will have $26,500. So after taxes and the difference of $14,400 you will probably get your $2,000 back. Hence you got your internet connection for free by letting the $2,000 sit. |
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eTime
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Yes, mutual funds are still your best choice for 'safe returns' given volatility in the stock / real state markets. Go for equity schemes and maybe a sector fund as well. |
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BB52
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Mutual Funds are good investment vehicles, particularly for those with little investment experience. But one of the things to consider is the brokerage company selling the Fund will make most of the profit from your investment. You actually get very little profit for what you invest. But it's still fairly safe, in that you most likely will make some profit. However, consider some of the one line brokerage companies, actually you can visit or call them. Many will help pick a Fund, you control the investment, and you make all the profit. |
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Bryan W
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I personally would go with Index Equity Funds in the US. They're the best option to tide over market volatility but still give you decent returns to beat inflation. |
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Money Expert
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There are lot's of great options.
The best way to invest $2000 is to invest in someone's business. I have invested in my friend's small business and now I am getting guaranteed 40% annual interest.
I wish you success! |
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BobbyK
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Try an oil and gas mutual fund. Seems like that's the only thing making any money these days. |
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