 What's the best way to safely invest in $6000? |
| I was given $6000 by someone to help for a down payment on a house. I'm in a good living situation right now but eventually want to move into my own house (maybe in 3 years). What would be the ... |
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 I wish to invest $2000. what is my best bet for the best return? stocks? forex? futures? CDs? mutual funds? |
| i am currently a college student, and wish to invest my hard earned $2000 in something worthwhile. i have already tried forex and have lost about $1500. right now, i am so unsure of what to invest. i ... |
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 What would u do If u made 350 $ per month and u were single and 24? |
| I m 24 years old and I ve been earning 350 $ per month for abou 4 years since I was 20. I wonder what changes I can bring to my life with this money..life is so ... |
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 Where should I invest my money? |
| I have recently joined my job my monthly salary is 20000 and my expenditure is 2000 what should I do of remainig money,... |
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 WAL-MART why does it seem a lot of unsophisticated people frequently shop there? (read details) OPINIONS? |
| What I mean is if you stand there a lot of them seem mentally challenged. I heard there was a study and 1 in 5 people that go to Wal-Mart don't even have a bank account! OPINIONS?... |
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 How should I invest my money as an undeducated 25 year old? |
| So before you give me an answer I'll give you a little bit of background. I'm a 25 year old who has been investing through a broker for the past 4 years. I want to take more control and ... |
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 How would you recommend I invest $40,000? |
| what would be best, CD's stocks,IRA's?... |
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 The easiest way to earn money EXCEPT jobs? |
I just want to do something that will get me a lot of money other than jobs, mainly because a job is not an option. I just want to save and get a lot of money somehow...
Additional Details<... |
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 How can i become wealthy? |
| I am 18 and, I am really big on saving and investing.... |
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 If you had $20,000 to invest in, which company would you invest in? |
| Would you invest it all in one company, or spread it in various companies?... |
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jmvillalta2 | I want to invest in something. i am 24. what do you recommend i invest money in? |
I have decided this year to invest my money. i just don't have any idea in what. i want a short term investment for the moment |
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QandA
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If you are only looking for short term then you should be in a money market or high yielding savings account. If you want to get into stocks and mutual funds you should have a time frame of a few years at least. |
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Dumb Dave
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If I was 24 again I would probably invest it in wine, women and song. But since that can't happen I'd probably invest in for the short term in Chevron or Texaco. I might consider Google (please don't tell Yahoo) or in Microsoft. they aren't really hot stocks but they are safe. Probably one of the safest things you could do is invest at the bank of your choice in a money market account. It's a fair return and it's safe. |
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Watchman
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If you put $2000 on a Roth IRA at age 16 it will be over a million dollars by the time you reach retirement.
Pick a diverse portfolio like Spectrum Growth from T Rowe Price. At your age it's okay to take more risk than when you start getting close to 50. |
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Michael B
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Your best bet for a short term investment is going to be a high-yield savings account like HSBC, Capital One or Citigroup. They're offering 5% at the moment and that's better than locking your money up for a set period of time like CD's.
Once you have a few thousand saved up, you're opportunities open up greatly.
While you learn about different investment types, your money is making 5%.
Long term, Roth IRA's are great. You do run into maximum contribution limits, which I believe $4,000 per year is the current limit. You can also have a Roth set up to automatically draft as little as $100/month from your bank account.
I'd suggest at least setting one up with the minimum monthly investment. That way, you are putting something away while you figure out how much you want in short term and long term investments.
Either way, I recommend both. You don't necessarily want to tie up all your money in something you don't have access to should something come up, but don't forget about the long term.
$100 into a 5% savings account and $100 into a Roth IRA per month adds up quick, and that's a small investment until you learn more about mutual funds, the stock market, currency trading, etc.... |
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noflacko
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go mid term or longer with a Roth IRA... |
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rayray21_99
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at 24 i invested most of my money in beer. |
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T T
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It depends on how much money you are talking about here. But by not knowing how much, at age 24, you should be willing to take alot of risk.
Look at some stocks that have long term uptrend history in the past few years. Project your target (time and money), and God willing, once you get there, buy REAL ESTATE in the BIG CITY. And don't forget, LOCATION, LOCATION, LOCATION.
I hope one day you beat Donald Trump. Good luck to you. |
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daven71
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Real Estate. |
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Common Sense
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BTW: I also trade Forex. 90% of all those that try it lose all their money. Be in stocks at least 5 years before you even look at it. |
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sis79
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You build wealth with stocks and you establish an emergency fund with a high interest savings account, CD, or Money Market.
Good Luck |
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Rabbit
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Take a look at Sciele Pharma (SCRX) for the moment, since you want to start short term. I've been doing Gateway (GTW) and Unisys (UIS) myself, so take a look there too for not much cash outlay.
For new folks in the market who want to "invest", keep reading in the business magazines like Fortune (CNN.com/Money link) or BusinessWeek.com. You will read of various companies, good, bad, or simply something new (new boss, new product, new approach). Eventually you will say something like, "I want to be a part of that"--so you buy some shares. Then you sit and forget. Check back from time to time to see the news. When things are good you can stick out your chest and proudly say, "I'm a part of that!" This is investing. It is different from trading, something important to remember. |
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shribharatpshubh
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Depends on what your needs are are.Do you want regular good returns ? do you want appreciation of investment , do you want to save tax ?, You will receive high returns from Risky investments - you may gain much but you may loose also. If you can bear the burden of some loss invest in Shares, Do not put all your eggs in one basket.select some shares from say Pharma, banks, infrastructure and create a mix.Mutual funds too are good choice, the money is managed by persons who are experts and thus they are put into good use and you save trouble of rearranging your portfolio. Money can be invested in BPOs but there is no guarantee you will alloted shares . Safest investment is FDRs in Bank or term deposit in Post office.Opening a PPF a/c is very wise choice- it offers good returns along with tax savings.Indira Vikas Patra ( assuming you are an Indian ) and National savings cert. too are good choice. but it depends on what is your ultimate aim of investment. |
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Dang
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You can invest in whatever you want for a short term investment. CD might be a good answer if you want to be sure that you get back the principal with interest after a few months. As some of the people out there had said, you are young means that you can afford to make a so called high returns, medium-high risk stocks, mutual funds or bonds. You have to make up a plan to do your investment. First I would advise you to start reading more about investing to improve your knowledge of financial literacy. After that I guess you should be able to make a good plan for your investment. |
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VP
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Hi,
24 is Great age. Why don’t you start your own forex or shares trading? I could introduce you to one brokerage company in Austria that allows to trade online from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years.
Currency (forex) trading is attractive because it is very high income and you could trade from any place in the world and at any time from Sunday night to Friday night. So you could create really huge income.
Another way you could find trader who accepts private investments and invest with him/her.
If you are interesting and/or have any question please pm or e-mail me (press on my name) and I provide you with further information.
Good luck! |
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Paul U
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As you have probably noticed there is a lot of information out there regarding investing. The difficulty is figuring out which arena to participate in. Stocks have certainly had a nice run this past year or two; mutual funds are good choices to diversify your portfolio with a good mix of stocks. Personally, I have been finding the most fun and profit has been in the foreign currency market.
The challenge for you will come in the fact that the investments with the most potential profit will usually also have the greatest risk. The foreign currency market (Forex) has a great feature called leverage where a small investment can control a sizeable amount of currency. As I mentioned this could be good or bad depending on which way the market moves. Many of us use a process called hedging where we are protected regardless of which way the market moves. This technique is working great for me in keeping any losses small while capturing frequent nice sized gains.
I would be happy to discuss this with you further. Just drop me a line at your convenience.
Best wishes for a prosperous 2007.
Paul |
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moonman
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The best short term investment could be a 6 month cd or such from a bank. Shop around and you can probably get an annual rate around 5% or higher. Stocks are risky to invest in short term. If you have more cash, you may want to put your money to work as an investor in a project. Opportunities like these arise daily. I know of several just in my area. |
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darlabbq
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Go for a Roth IRA with your local bank. |
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num num
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CDs are good. But the stock market is probably the best. Try scottrade.com |
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Frank Castle
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A House. |
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godsize_2k1
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Being 24, you have plenty of time to make up money if you lose it. So, with that in mind, go with high-yield international investments. |
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