I am 21... should I keep my money in the stock market i have about 70k in value now.. (but i have lost about 30K) My question is should I take the money out and put into cds... Bc of the way the ...
I'm over 40 and have just gotten rid of all my debt except for my house. I'm finally in a position to start saving for my retirement (better late than never). I have money to turbo ...
Or would i be better off investing my money in aluminum cans?
Seriously- all joking aside it cant get much lower than what its at now without the company folding. Whats the chances in GM turning ...
no, you must be 18 yrs old. have your parents do it for you good luck. its takes a life time to learn. ask for advice so you dint throw your money away.
dlmrgnk
If you got the money honey, they got the stocks to sell.
Thin Kaboudit
As already stated, if you have a SSN then yes you can. If not, you can have an adult open a brokerage account in their name, but designated "FBO" (or "for the benefit of") you.
If you start putting $10 or $20 a month in a broad market basket of stocks, (or a mutual fund) at age 17, you will probably be a millionaire before you know it, & be able to retire very early!
Investment advice is worth every penny you pay for it, and this bit is free, but you might want to have your account opened at www.buyandhold.com which has very, very low commissions, and only allows you to buy companies that are almost certain to be here in the distant future.
Go for it.
STEVE P
Yes but it must be your money and good stocks may cost as much as $3000+ because to make any real money you need to buy in multiples of 100 shares.
angiesdabomb
Not till next year bud (if you want to get it on your own)... But your parents can get you a custodial acct and invest for you... You can then convert your acct to an individual brokerage acct once you turn 18..
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