 I want to start buying stock. What is the best company to go with? |
I don't have a ton of money so I plan to start small, but I'd like to buy oil company stock for starters.
Additional Details
not a ton = a couple hundred dollars to start off ... |
|
 IS there such a thing as ez money? |
I was watching a commercial today
and i seen people who make like a crap load of money in the internet in like a couple of days
is this like for real or not?... |
|
 I inherited roughly $330,000 worth of Abbott Laboratories stock.I was going to sell it off and reinvest it? |
| I inherited roughly $330,000 worth of Abbott Laboratories stock.I was going to sell it off and reinvest it in several European companies such as Allianz,Nokia,Unilever and Central Europe & Russia ... |
|
 I Have £250...How can i turn this into £500 in a week? |
| quite simply...i have £250...i want to turn this into £500 in a week....i will do almost anything to make the money....sensible ideas please...i will not drug deal or rob anything/anyone....quick ... |
|
 How can I earn legally 1000 Dollars this week? |
| I won't sell drugs or anything of that nature I am serious and expect serious answers ... |
|
 Where do you buy gold, at the best price for an investment ? |
| I have about £10000 to invest in something safe. Where could i buy small blocks / ingets / rings / bars ... from at the lowest rate-price ?... |
|
 Investing at 16 years old? |
whats the best form of investment that a 16 year old can do without the help of an adult?
can one legally trade in the stock market at this age? im not crazy about making money but its something ... |
|
 I found $1.12 between my couch cushions, which stocks should I invest in for the best return with least risk? |
| I also have .61c more from my dryer and .08c from an ashtray... So that's about $2 bucks I have free to put into the market.... |
|
 How do i make $39 in 2 days? |
| i need $150 and i have $111. any suggestions?... |
|
|  |
Grant N | What's the best way to ensure a good future for my child? |
Hi everyone, I am having my first child in June and I just want to be a responsible parent and start setting up an account for her or something of the sort so she can pay for college and so forth when she is older. My problem is I don't know how to invest in things, no idea how the stock market works, you get my drift. What's the best way to go about this and earn the most interest and how much money should I start off with? Thanks guys. |
 |
 
Queenie
|
You don't need to know any of that.
To get started: Open up a savings account in her/his name and put like $50 bucks a week in once you get larger sums you'll be able to look into other options...slow and steady wins the race!!! You can also ask for savings bonds in lieu of cheesy gifts that people will want to buy for birthdays/etc...I had a TON of $$ in bonds that helped pay for the first 2 years of University.
**KUDOS ON DOING THE RIGHT THING** |
|
The Frog and Sausage
|
http://www.moneysavingexpert.com <-- this site is the bible of money saving and being savvy with cash. Literally everything is answered on here - plus they have forums where you can ask questions. It's totally free and ad free - and I whole heartedly recommend it.
BEWARE, as you'll learn, banks are not always the best people to ask. Every company is there to make money from you - a bank will of course recommend its own products. Unless you've learned a few tricks to analyse the best deals they'll blind you with numbers and offers until all you can do is say "yes, whatever, sounds good." That site will teach you how to be a better consumer. |
|
Franco
 |
I agree with Queenie above. She talks good sense.
Only shop around for best interest rates and make sure the account is tax free. The bank will give you more details on this. |
|
llcentlous
|
if you can afford it get a CD from your bank... (smallest is usually 1000$) they will go over all the options for you.. if you can't afford it, put money into a savings account until you can.. these collect great interest.. they last a few years, then you can take the new money you have (the 1000 plus interest plus whatever you have been adding to a savings account) and buy a bigger CD with even more interest... this is more secure than stocks as the prices won't plummet on you... nothing to keep track of. I also suggest since you will get a good return for the child tax credit to, put a good chunk of that into savings (and eventually a CD) for your baby each year |
|
jaha
|
may be go for a savings CD account in WaMu or INGDirect etc |
|
Penguin
|
Try your bank! |
|
Don
|
You have several options available, so look at them all closely and make an informed decision.
One option I would recommend is a DRIP Plan. I like this option in your situation because you are talking about a long-term investment program.
They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP's are one of
the best strategies on Wall Street.
They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.
Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.
These long-term plans are great for beginners as well as veterans. Check them out.
Best of Luck |
|
shywilliams6504
 |
the gerber grow up plan is good. can start as little as $1/mo I believe.. and when the child reaches a certain age they match the savings and it can be used for college. go to Gerber.com |
|
Jenna
|
I am not sure about investing either however I think one of the best things you can do is to purchase life insurance. You can set up accounts all day long but if you aren't around to put money in them, they will do no good.
I am not saying that you shouldn't set up investments for them but don't forget the life insurance either. |
|
plum
|
First off, go to a couple of banks and ask for advice. They are the best to ask. Yes, open up a saving account but make sure you have a discussion with someone in the bank. They will explain everything. |
|
Unbiased.co.uk Find an IFA
 |
The Child Trust Fund provides £250 for your child which you can invest either in cash or an equity (share) based fund. Cash options are safer as the capital is not at risk, however the fund will not grow as quickly as an equity fund in the stock market. You can learn about the stockmarket by looking at www.fsa.gov.uk. Essentially you are investing in shares in companies, which over the longer term will give you a better return than if invested in cash. However, the value of shares goes down as well as up, so you have to be comfortable with this. Adding to the Child Trust Fund is one way of saving so that your child has money for college etc.
The “good start” that we provide for our children is almost certainly dependent upon how good our own financial position is, so consider your own situation and how you might be able to improve what you do, so that by the time your children are older, you have better opportunity to support them.
Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please call 0800 085 3250 or go to http://www.unbiased.co.uk. |
|
tiqur_ambessa
|
don't let money raise your kid.... let love raise him/her instead. the stock market is tricky and if anyone ever tells you to invest in something be sure to go to a second source and on top of that do some research on the company itself, usually a good library will have sufficient resources plus the librarians are there to help. read "investing for dummies" to get an idea and be patient do not jump into anything. other than that don't spoil your child or else he/she will grow up to become someone not so worthy of your investment...brutal honesty. |
|
referee
 |
Hi, Don't delve in stocks and shares, you can loose money with them, I know some banks have a children's account, where there is no tax to pay on the interest, and if you start one up for the little one, and as the child gets older take him/her to bank with you, and that will be good for them, to understand saving is better than spending, Good luck. |
|
yrag
|
don't introduce religion to them |
|
Fujoshi
 |
I'll be honest... It is worth the money to get a layout from a pro financial planner.
Don't do something that a person on Y!A tells you to do because no one can know your personal situation and their advice might be well intended but might not fit with YOUR life.
Oh, and I tell this to ALL parents to be.
MUSIC LESSONS!!
MUSIC LESSONS!!
MUSIC LESSONS!!
MUSIC LESSONS!!
A language lessons too if you have the time but MUSIC LESSONS are PROVEN to make your child a better thinker, raise IQ, raise creativity... |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
14 | 16 minutes(s) ago
| | | |
16 | 34 minutes(s) ago
| | | |
14 | 53 minutes(s) ago
| | | |
15 | 1 hour(s) ago
| | | |
15 | 6 hour(s) ago
| | | |
15 | 9 hour(s) ago
| | | |
14 | 2 day(s) ago
| | | |
15 | 5 day(s) ago
| | | |
15 | 2 week(s) ago
| | | |
15 | 3 week(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
