 How do you buy stock, and what would be a good company to invest in? |
| I want to buy stock, because I can't think of anything else to buy. And I don't know how, so I'll need to know that. I have an idea what company I want to buy one from (Apple), but I ... |
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 Money management? |
| I am about to receive quite a large sum of money shortly, but have no idea about isas and investing/ saving my money!Could anybody explain what is the best way to manage this money so that I benefit ... |
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 In the stock market, what is the significance of Volume? |
| This may seem like an incomplete question (since I don't know much about the importance of volume). Please, don't simply "define" what volume is. Give it context and explain the ... |
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 I have 50 grand to invest. I want to quit my job and start day trading or more likely, swing trading.? |
| Have you made a living day trading or swing trading? How did you learn? Can you prove that you make a living doing it? Can you recommend some books to read? I would think there are people, Cramer ... |
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 Forex Brokers? |
Hey,
Can anyone recommend a website or some source where I can check about forex brokers?
The only thing I found so far was: http://www.forexpros.com and some other ... |
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 FOREX Brokers. I'd like to get started trading in the FOREX, and I'm searching for thoughts, opinions, etc. |
| I've read up (or have been trying to) on trading in the FOREX, and would like to start trading. I know many brokers offer "mini accounts", which is the type of account I would like to ... |
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 How can i become a billionaire investor ? |
| How to start off..... and what is the process of taking over other companies for more ... |
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 I need help with htis math Problem!!? |
| Jim Marshall Bought 150 sharsof Mediacll stock for $10275. when the price of the stock went up, he sold it for $108 a share. what was the total profit on the stock?... |
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 Why do you think the market had such a fate? |
| The sensex has suffered a jolt over the last one day..what can be the underlying reason?... |
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 How would you invest $25K over 6 months? |
| Also, I can't do a CD because I may need the cash sooner than 6 months.... |
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 What is the ultimate goal of the stock market? |
| I Is it helps and supports for the developments of future generations?Are there any charity funds to help those people who are in real difficulties?I think by these methods of stock market, ... |
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murpman21 | I save $260 per month and I'm only 20. Am I on the right path ? |
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robbo_op_98
 |
Absolutely you are, just as long as you have no debt that you are paying off. If the return on your investments is lower that the interest you pay on your debts, then you are losing money and should concentrate on paying off your debts firsts. But since you are able to save so much at such a young age I would say you are probably pretty debt free. |
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Stefanie B
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Yep! Keep it up. You're doing better than a lot of people. |
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Brad
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You sure are. The average american household family only saves -2%, which of course means that they spend more than they make. So rest assured that you are saving more than the average household. Most 20 year olds that I have met typically don't have two nickels to rub together.
Always strive to save about 10%-20% of your income. Now would be a great time to start thinking about enrolling in your company's 401(k) program or opening up a Roth IRA account (assuming you qualify). Keep it up. |
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BUBBLES
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YES, great job!! Wish there was more young people like you and wish I was that smart when I was 20!! |
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latina gurl
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hell yeah! your WAY richer than me! if i get money i spend it al right away!(hey! dont judge, im only in high school, its MYjob to spend money....jk!) |
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Teddybearcub
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Good for you. If you keep it for 50 years, it'll be
260 x 12 x 50 = $156 000
But purchasing price will have eroded. |
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JAH
 |
Yes, good for you! If you continue to save this much each month you'll be well off when you retire. Stay disciplined and don't fall into the credit card trap like so many other Americans. |
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A nobody
 |
You are very definitely on the right path, and no one should ever discourage you, nor should you ever get discouraged.
However, why don't you invest it.
You could put that money into a Mutual fund's money market account, get a little bit better rate of interest (still a no risk investment compared to savings) and you would have the option to invest it very conservatively
One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no experience investing. Fund companies have an entire array of products many will fit your needs.
You can go to the MSN.Money website it has an entire section on mutual funds. Read about the various funds and in doing so you will be getting investment ideas and at the same time educating yourself about investing.
You could also contact the funds companies for more information. I have found that Vanguard & Fidelity can meet your needs. The service and information they provide is all free and you will find it helpful.
And remember, keeping you money in a bank or bank product is not investing.
Stay on track, Good luck |
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