 What's an option? |
Additional Details
in the field of stock ... |
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 Investing $15000 today, can i make $1000 by next week? is it likely? |
| is it unreasonable to think that if i invest $15000 into the stock market, in a stock that is say $3.00, and it raises to 3.25, this would amount to a $1250 profit. Is this just wishful thinking, or ... |
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 Is it a good idea to start a 401k, at this point and time? |
| I am 42 and have always been uneasy about 401k's and all the other "future" security monies, for retirement funds. With everything going on, and not just the money issues but globally ... |
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 Stocks....?? smart and serious people only!? |
| What are some good stocks to invest in? i am 19 and want to put a little money into stocks. dont know what i'm doing really but good advice please?! and if u think ur being clever by writing ... |
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 I need ideas about how to invest $5000? |
| Be specific! Don't say 'stock market,' rather, give me specific stock ideas. Don't say 'mutual funds,' rather, give me a specific fund idea. Don't say 'CD&#... |
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 Whats the best non-risk Investment with £20000? |
| If you had a hyperthetical £20000 what would be the safest bet, start a small business ? invest in stocks & shares ? antiques ? It has to be invested in other than a bank. I... |
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 Reccomend a book for Investing? |
| Stocks, Mutuals, etc. All that good stuff. I learned this in class, but its not enough to give me a full understanding and not enough to make me feel like I'm ready. (Plus I didn't pay much ... |
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 I have 100 dollars to invest,what is my best bet? |
| This is all new to me and I am looking for info on who,what why where on ... |
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 What would you do with 2 grand? |
| I have 2,000 dollars that i got for a bonus from working, i want to invest but in what? any ideas guys, if you say stock can you tell me where i can buy stock? ... |
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 What is the best country to invest in.? |
| People were talking about investing in other countries such as China, Brasil, Ireland, Mongolia,,,..... |
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 What should I do with my extra income? |
| I have a great job and great opportunity to invest. I work at a college and bring home about $1450 a month. My housing is paid for by the school. I have an apartment on-campus and a meal plan ... |
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Joel R | What is a good amount to open up an IRA with? |
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ils11r
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You can open a Roth or Traditional IRA with any amount but the max per year is $4000 for 2007, in '08 it goes up to $5000. And I agree with others that the Roth is the better choice if that is you in the avatar (relatively young!)
A lot of people think you have to put all that in at once - no way!
If you are like most people you don't have that much right now so put in a small amount every month and stick to it. Try and set it up so it happens automatically from your bank or better yet your paycheck. Something like $100 or more if possible.
Let it accumulate in a Money Market fund (its like a savings account) until you have enough to buy an index fund.
Check out one of the discount brokers that have offices like TD Ameritrade or Etrade and they will walk you through this.
Stick to this plan and you are on your way to some serious money in the future and for your retirement. |
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Yada Yada Yada
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$2000 for a Roth IRA or $4000 for a traditional. You can put in more if you've not yet contributed to your 2006 IRA yet. Check your qualifications.
In most cases, the Roth IRA is the best way to go. It's after tax funds that you put into an account now and it gets to grow tax free. I'd probably put the conservative $$ in a different account and let the ball roll more on this one, only because if you get higher compounding on this money, you get to keep it all.
Keep in mind that a ROTH IRA does not have to be in mutual funds, nor does it have to be on bonds or any cr*p like that.
If you are comfortable buying stocks or ETFs, you can do almost any type of trades in your ROTH IRA as long as you know what you're doing. :-) Many brokers don't always tell you this and if your broker doesn't understand this, then it's time to get a new broker. Too many damn stupid brokers out there that just want to leech off of people's money. (sorry about t-ing off, but too many people are just not educated enough to fight back or to even know to)
Hope that helps! |
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Thin Kaboudit
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Whatever you can afford!
Many options will have a minimum initial investment, or maybe a smaller minimum if you commit to making regular additions (which is the best way to go...it's a good habit)
Just bear in mind that through compounding, the earlier the better...
Be wealthy! |
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JADE
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You can go with the standard minimum or maximum investment, or you can go with whatever you can afford to put in within the prescribed parameters. |
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silverearth1
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I opend one for my son with 1000$ and this works just fine . I would suggest that you get in contact with your bank or insurent to get more info on that |
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Dr Universe
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i opened mine with 500 dallors |
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Common Sense
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As much as you can (up to the legal limit). For most people under 50, the max is $4,000 per year.
BTW: Consider a ROTH IRA vs. a regular IRA.
Also: The worst place to get an IRA is through a bank or insurance agent. |
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fighterace26
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The minimum isnt usually an issue,
the maximum is usually 3K a year that you are allowed to put in there,
I say max it every year if you can |
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Michael
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Max it out at 4K for 2007. In 2008 it will go up to 5K. If you invest in a Roth IRA you will never pay taxes on the proceeds. |
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DONALD C
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about 2 machine guns and a hand granade. But if you mean the
IRS? thats totally different. |
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Vanimal
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$1200 or more. |
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allthree
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ONE HUNDRED TRILLION BILLION GAZILLION DOLLARS!
either that or like $5K |
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myworld872
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57 |
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