 If I wan't to invest 100 dollors a month in small companys that I think will do well who do I call? |
| I don't know how to actually invest but I can always pick the companys that I know will do we'll . If I learn how to buy and trade quickly Id be rich already. I also have wanted to find out ... |
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 What happens to my stock if a company declares bankruptcy? |
| I own a few hundred shares of (AHM) american home mortgage and i only bought it a few days ago thinking that it was as low as it could get and now they are talking about bankruptcy, I am wondering ... |
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 What's the best way to earn money? |
| how can i earn a bit of money because i can get pocket money because my mum and dad are poor and i can't get ema.... |
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 Why arn't many people investing in Gold? |
| I mean isn't Gold the only element that has very high value over time? Cash succumbs to inflation but gold doesnt then how come people are investing their money in other stocks that have no ... |
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 Can a son or daughter fight who is named beneficary in dad's 401k. no will.? |
Additional Details
son or daughter was not named a beneficary in 401k. dad is deceased no will. can be fight the person named ... |
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 If i have $10,000 for stock investment and being a beginner what stock is best to invest in and why? |
| if i have $10,000 for stock investment and being a beginner what stock is best to invest in and why? If I do invest, would it be smart to get e-trade for investors?... |
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 401k Should I or shouldn't I ? |
| My company matches up to 10 % but the economy is seems so bad right now. Is it even worth investing in? T... |
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 Would it be better to pay save at 2% to pay a 10% car payment for a series of months or invest @4.8% cd's comp |
| Would it be better to pay save at 2% in a bank account to pay a 10% car payment off for a series of months or invest in a CD that you can add to lets say 4000 each month or more that's ... |
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 What is it called in the stock market when...? |
What is it called in the stock market when you bet against a company. Like you bet that it is going to do bad. What is this called?
Can anyone tell me more about ... |
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| Why did I receive capital gains without selling? |
| I have a mutual fund and just noticed I received capital gains (which were automatically reinvested) on it at the end of the year. I thought realized capital gains were the result of selling, which I ... |
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 Can anyone tell me where I can get live share prices on the internet? |
| A number of sites offer charts and prices but these usually have a 15 min delay. Also there is no easy way to get the prices programmatically. What I would really like is an RSS link or something ... |
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 How do I buy stocks? |
| I want to buy stocks but I have no clue what to do, I'm just trying to make money on the side with stocks. Where do I buy stocks? I really know nothing about the stock market.... |
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 Do I HAVE to have a broker to trade online? |
| I know little about online trading or (investing in general), but I want to learn especially about Forex. All I know is "buy low and sell hi" concept which is self-explanatory and common ... |
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Mark C | What is the best type of savings account to open for a child? |
I am thinking starting a savings or investment account for my 3 year old son. I would start it with $500 and contribute $30 per month into the account. I was thinking of opening up an account on Scottrade and doing long term bonds or opening up a high interst rate savings account. Any suggestions or thoughts on what may be my best options? |
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awscott1
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Sharebuilder will let you buy stock for a child. This is a great way to start a child's savings. Scottrade probably has something similiar. You set up your account as a Custodian Account.
http://www.sharebuilder.com/about_us/new/welcome2/faqs.htm
The ShareBuilder Custodial Account is an investment account created for the benefit of a minor. Custodial accounts are opened under the Uniform Transfer to Minors Act (UTMA), or the Uniform Gift to Minors Act (UGMA) of your respective state. The minor is the owner of the account and its assets. However, a custodian must manage the account until the minor reaches the age of distribution in accordance with the laws of the state under which the account was established. Earnings (up to a certain amount) will be taxed at the minor's rate.
Note: State laws may restrict who can open a custodial account. Please consult a financial advisor for additional information on custodial account restrictions and tax reporting questions. Also, there can only be one minor and one custodian for each ShareBuilder custodial account.
On another note, have you looked into a high yield savings or money market account? You can compare rates by state or overall (to include online banks) here: http://www.bankrate.com/brm/rate/brm_mmasearch.asp
The best rate near me (Alabama) is 5.36 (APY) at AmTrust. The overall best rate is through Geauga Savings Bank Newbury, OH but you have to have $25,000 to open an account! AmTrust is also the next highest overall bank.
I like the high yield savings / money market account better than a stock plan. Good luck! |
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mark
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If this is your money saving for college, then a 529 plan would be best. That way the money is still yours if your kid decides not to go to college. The money accumulates tax free.
If this is his money, some banks have passbook savings for kids (no fees, and small interest accumulation) that are good for teaching about banking. I would not put much in this type of account |
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leobutterflygoddess
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open an american funds college america account!! : ) |
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zeb6219
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Buy a mutual fund that is moderately aggressive for $2,500.00 and just let it sit. |
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jen070480
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Depends what the money is going to be used for later.
if its for college - open up a 529account so you can get the tax benefits
if its just for him in the future, get the highest interest money market account you can get, invest til you have a substantial amount, then put into a CD. Problem with a CD is you cannot add to it month by month.
You also might want to look into getting bonds. Savings bonds, T bonds etc... |
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Someone
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If you are saving for college you can open a 529 account, where you can invest the money. However the money grows tax-free, whereas you'll be paying capital-gain taxes on alternatives. |
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darwinhawaii
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how about a pension fund that you can pass on too him at 18. Small amounts over 60 years is better than large over 40! |
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FrominatoR
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etrade.com offers > 5.00% interest on a savings account. FDIC insured.
no volatility like mutual funds, just a savings account as you seek. |
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Jessica K
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You would get the best rate on a CD. There are some great ones for college savings. I would check some local banks to get some rates. |
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