 What's a good 1-2 year investment? |
| I currently have around 10,000 and due to being in the military my cost of living right now is very low. Over the next 20 months I estimate I can add an additional 1000 or so (On average) to my ... |
|
 Online money maker????? Is it 4 real??? |
Online money maker????? Is it 4 real???
I am thinking about joining a online servey company and make money. Do these things realy work? Have you ever done it and if so did you make money?? They ... |
|
 Does anyone else see Google (GOOG) as unsustainably high? |
| I mean, GOOG's market cap is SO large now, its bigger than Citigroup (C)... Does anyone else think it to be an over valued stock that will most likely dive at least a few hundred dollars per ... |
|
 What are some good books on investing? |
| I am a beginning investor. What are some good books to read to help me determine my strategy?... |
|
 What is 3% percent off of 645? |
Additional Details
actually...i wanted to double check and i wanted an accurate answer. p.s. i didn't ask for you to ask me to use a calculator of if i could ...i believe i asked ... |
|
 What is the smartest thing you can do with 200 dollars? |
| I know it's not a lot of cash, but I'm curious about what creative ways there are to invest a little bit and get a good return. Welcoming all opinions, thanks!!!!... |
|
 Recession? Probable or Unlikely? |
| The stock market crashed harshly today, the dow jones industrial average down 370 Dollars ( 2.93 %) People thought that stocks were recovering after the recent drops, but today was terrible, do you ... |
|
 How to survive the bear market ???? |
I have made more losses in the bear market............... Whatever i short its not working ..... when in go for long also its not working..........
is there is any way to survive ??????????... |
|
 Investment? |
| I have 60k in savings - what should i do with this to get the best return for my money. Serious answers only ... |
|
 How will I know that it is okay to jump back into the stock market? |
Are there any technical indicators or anything else that I should be aware of?
Additional Details
If the market begins to rise, how will i know for sure that is really rising. (not a ... |
|
 2,000 shares of General Electric? |
| I recently inherited 1/9 of my grandmother's GE stock. She acquired 18,000 shares as part of her retirement after 38 years with GE, so I inherited 2,000 shares among other things of hers. My ... |
|
 What is the best stock to buy for short term gain??? |
| Lost my job and don't have much savings left, still trying to find a job it has been three months - MI state is very harsh now. Our Kids have great schools, so moving is very touchy issue!!... |
|
 What determines a stock price? |
| I'm confused. I have read that it is what people are willing to pay for it. I have also read that it is a share of the company's value. So if a stock is worth $10, and people are willing ... |
|
|  |
brandnew | What are the best ways to start saving /investing for my future/retirement??? |
If I open a ROTH IRA with $1000, and put in $100 a month, is that a good enough start? (I just graduated from high school and am eager to start saving) And what about CD's??? Should I open any certificates of deposits? any other things that i could look into investing in, information, and any help would be very much appreciated! |
 |
 
SWH
|
There is no "best" way to start, the best thing to do is exactly what you are doing and the is to "start". If you don't think you'll ever need to dip into the IRA, that would be an excellent way to begin your investment career.
Since you are at the ripe old age of 16, you may want to consider a traditional IRA to start with. With these you'll have the added advantage of current income tax savings.
http://personal.fidelity.com/products/retirement/getstart/aboutira.shtml.cvsr
Once you've established your IRA, you can fund it with an indexed mutual fund. There are many excellent one's from which to choose. Start with an index fund. These have low fees and low volatility.
/// |
|
Kathryn
 |
A Roth is a great way to start. Just be aware that any money put into an IRA has to be earned during that year; so you have to be working.
CD's are too conservative for retirement savings at your age. If I were you, I would open my Roth at Vanguard. You can invest in their Total Stock Market Index fund which will give you a much better return over the next 47 years than CD's.
Good luck and congratulations on your foresight. |
|
jeff410
 |
An IRA is the best way to start. CD's or money markets are an excellent place for money you may need in an emergency. If you do have to take money from a CD early the penalty is tax deductible, without itemizing. |
|
astatine
|
Congratulations on your foresight. Roth is a better choice than a traditional IRA because your tax rate is likely to be quite low now, and there is less of an advantage getting a tax deferral now (traditional IRA).
If you work in a company that offers a pension plan where they match any of your contribution, go for that first because you get free (matching) money from them.
Stay clear of CDs for anything other than short term savings - say you want to buy a car next year. They're safe, but the interest rate is so low that you may end up with less buying power by the time it matures. |
|
Angel33
|
You should get in touch with a real financial advisor so that they can look at your income and make a plan for you that will work overtime. Check with your bank or reputable finance company. Also, if your job has a 401(k)s or thrift saving plan talk to your HR folks for the best way to grow them. |
|
billone44
|
Congratulations on protecting your financial future at such a young age. Yes a Roth is a good start I would also look into a VUL and Other insurances as they can return alot over time. you can find out about VUL and such from a financial adviser or planner. Also look into investing in RE as it is a fairly safe investment. You could also invest through an investment club where you can learn more about investing. If you would like more info write to billone44@yahoo.com |
|
Bear
|
Hi,
You seem to be doing pretty well. I always say that the best investment is in your own financial education.
I've given you some resources you can use below: |
|
Succes
 |
ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% - 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read.
ETFs have a lower turnover than most mutual funds. As ETFs do not require active management and hold nearly a steady stream of stocks, there is hardly any portfolio turnover. On the other hand, many actively managed mutual funds churn their portfolio many times throughout the year, leading to recurring transaction fees on every purchase and sale. |
|
investing s
|
Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.
http://www.tutorialforyou.net/investing/
wish it will help you. |
|
Adam J
|
Stocks are probably the best bet (they tend to outperform bonds or cds over the long haul) assuming you won't need the money to pay for school in the near future.
Two notes on investing in stocks:
1) You'll need to do it through a broker. Because you're not putting a huge amount of money in initially make sure you read the fine print of an agreement to make sure there are no significant fees involved (At one point during school etrade charged me a $50 'yearly service fee' because I only had $1000 in my account).
2) You might consider a company called zecco.com which apparently doesn't charge fees to buy or sell stocks. Otherwise they'll be a significant expense, especially if you want to invest $100/month. If zecco doesn't work for some reason the next least expensive broker I know of is tradeking.com.
You might consider sticking your money in exchange traded funds, which are basically mutual funds that trade on the stock market like stocks. Two funds that own all of the stocks in the S&P 500 (a listing of the 500 major US stocks) are the iShares fund (IVV) and the SPDR fund (SPY) both of which would make a fine core holding for a portfolio. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 30 minutes(s) ago
| | | |
10 | 31 minutes(s) ago
| | | |
9 | 55 minutes(s) ago
| | | |
10 | 1 hour(s) ago
| | | |
10 | 4 hour(s) ago
| | | |
10 | 8 hour(s) ago
| | | |
10 | 2 day(s) ago
| | | |
10 | 4 day(s) ago
| | | |
10 | 5 day(s) ago
| | | |
9 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
