 Homeownership vs. Rent ??? |
| I am not sure If I am ready to buy a home. If I have no debt and a credit score of 770 and my husband also has no debt and credit score is fair. If total gross income is around $3200/mnthly and a ... |
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 I have 5000 dollars to put in the stock market? |
| ok i open a scottrade account with $5000 what would be a good stock to invest in?... |
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 How a teen can buy stocks?? |
| Ok im 17 years old and I understand how to read stocks but now I want to actually buy and trade stocks.Where should I start since im only 17 and about to go off the school in the fall??... |
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 I'm extending my question..........on renting vs buying? |
| Rent is $825/month plus about $200 in extra bills. 700 sq ft and its NOT OURS, we cant paint it and its sorta small . The mortgage is 1400/month(which the place is big enough to have a child, plus ... |
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 My.... my relative died and I have inherited his fortune....? |
| I know him so don't say it's spam. I have inherited 8 million 5 hundred thousand dollers. and in the next 10 days that I don't claim it, it is going to be confiscated. should I take it?... |
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 Is it a bad idea to purchase stocks now? |
| I bought some Microsoft stock when it went down to $27.90 per share but now it has dropped another $2.00 per share. I'm afraid to purchase anymore stock, not just Microsoft, because stock ... |
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 Got lump sum $50,000 - how to invest? |
| Unfortunately I am also about the same amount in debt. Should I pay off all of my debts and be left with nothing (but a fresh start) or invest it and just keep paying the minimum payments on my debts?... |
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 What are SHARES?? |
| What is the whole concept of shares, how does it work?? Please explain in detail but to someone who has just woke up from spending 21 years asleep!! if you catch my ... |
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 Is it illegal and or unethical for my broker to inform my father of my investment transactions? |
| My father and I have the same broker and he originally setup the account for me but his name is no longer on the account. If so, do I have any recourse against the brokerage?... |
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 What is a good stock to invest in? |
| I am a young.......very young entrepreneur and i need suggestions. Please only say something if you really know the stock market.... |
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 10 dollar as a bonus will give to who can answer to our questions? |
Bonus: 10$
question: in the year 2006
The largest amount of interest rate on saving account fixed deposits, recuring deposits or kind of account in bank) is in which country? Which ... |
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jacob z | Im 17 and was wondering if i should invest?What is the best thing i could do with money? |
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Me
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At your age the best is to set-up a money market savings acount or invest in 1 year CDs at your local bank |
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KatGuy
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Read the book "Learn to Earn" by Peter Lynch, it's a great book to get started investing in the stock market at your age. |
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I got 2 points for this answer
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your never to yount to invest, just do something with low risk. I would look at an IRA and at the age you are now by the time the intrest compounds you should be sitting pretty good. |
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Agent319.007
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If you're thinking like this, you're a very smart kid. You should read up on Wall Street and find companies with the biggest stock market value. But don't invest blindly. Do some investigative research and build up a repertoire with a stock broker.
You're on a roll!!!! |
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bkamissrike
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Be careful of where you live because in some states your parents could have control of your money.
I have always done well with putman investment |
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budlover
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The best thing to do is just save your money. Put it into a savings account, let it gain intereste until you are out of college, and then start to invest when you are more in tune with the world around you, and you are more mature. Maybe spend the next few years studying the stock market and investments so that you can do it yourself without advice. |
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Sjean
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If you'd start putting as much money as you can afford every month into a no load mutual fund you'll have a lot of money when you're older. |
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Cathy
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In order to grow your money you’ll need to invest it.As you are new to investment ,it is important to understand some basic principles of investment and understand which type of investment suits you.To learn more about investment check the website link below.
Hope it helps.
http://www.smart-investments.org/Investing/Investing.php |
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The Elder God
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The best thing you could do with your money at 17 is to invest in an education. Go to college (a college graduate 2 million more in lifetime earnings than a non-graduate). If that's already paid for, then invest it in something long term, and leave it there. |
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Tom H
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Have your parents set up an account for you with a low cost online brokerage. Interactive Brokers, Marsco, ETrade etc.
DO invest in stocks!! Pick high quality, high dividend stocks and re-invest the dividends. At your age, the returns in 30 or 60 years will be massive. $100 invested in Altria (ticker MO) 25 years ago would return $11,000 today.
The simple thing to do is invest in the S&P500 index or some other large cap index like the Russel 1000. I'd recommend the ETFs by Barclays or Vanguard, tickers IVV, IWD, or VTV. Make sure to re-invest the dividends. Once you've learned more you can pick your own individual stocks.
Also, if you have a large chunck of money, never invest it in stocks all at once. If you put a modest amount of money in the market and then the market crashes, invest some more when it's down. Repeat as neccessary. Don't panic or sell! Let it ride, and over time it will do fine.
Also, when you are gainfully employed get an IRA started as soon as possible & invest in stocks or ETFs there. I'd start with a Roth IRA & later when your income is higher you might consider a traditional IRA also. |
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ktlove
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how much do you have? invest in your future, not in something of high risk.
like, bonds, cds, high yeilding savings accounts, money markets, you will get a return for sure, the more you put in, the more you get out, all but savings is usually not liquid, that means if you need it right away, you cant grab it asap, but they have maturity dates. |
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SUPERMAN
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invest in the stock market |
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Lans
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Go to stock Market, it is long term Investments, but make sure to ask experts where to invest, or in which company, i am a 22 but invested like you in stock market when i was 19.. Best of Luck |
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Steve R
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Spend it. That's what it's for... |
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SexyDude69
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Send it to me ^^ |
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