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 If I replied to you all individually......? |
It would take a million years.
OK here goes.....I'm sorry I f I offended anyone with the idea of charity, but it is a last resort. To clear up a few points
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 Plus Sized Strip Club? |
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 Investing a small amount of money.? |
| I have about $200 and I'm looking to invest it. I don't know the first thing about investing money and I don't want to get caught up in a whole bunch of stuff I know nothing about. W... |
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 I want to start investing......but how? |
| i don't know anything about the market and wonder what the basics are? if u know a little about it, or if u know of a web site please share. also what do u think is the best area?... |
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katie | What is the best way to invest 200 dollars? |
So I made a little cash and even though I am in college( and probably could spend it very easily)- I wanted to start an investment fund somehow outside of school expenses. my mom wants me to just use it for school- but I'd rather start saving early now and pay off debt seperately but still have this savings. Is this a good idea? Also- what would be the smartest way to invest- I'm talking long run- many years- 10 plus possibly- putting little bits in here and there when I find spare cash along the way... any advice? I am horrible tyring to decipher the stock market and CD rates- my brain just doesnt work that way.... but if you have some solid advice it would be greatly appreciated.. I know $200 isn't much but.. its something?
Thanks! |
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The Scorpion
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Well, the most important thing is not the 200 but the idea you have in your brain that you want to save money instead of just spending. So congrats on that. To be honest, there isn't a lot you can do with 200, but you could open up a savings account to put these bits of cash in until you have maybe 1000 and then you can look at some stuff, or you may find it a good idea, since we aren't talking about serious money, why don't you think of this as the beginning of your savings for a downpayment on a HOUSE. |
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Chris O
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put your money in a 5% interest online savings it is linked directly to your checking account the interest is compounded and paid daily. it is the fastest way to earn money over the long run i put a dollar a day to start and over 30 years have 68,000 saved up
just go to emigrantdirect.com |
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Share Trade Secrets
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Hi Katie
Investing in the stock market is a very lucrative business as long as you apply the correct procedures. Starting with $200 is great. There are many great training programs that can get you up and running and making money in a relatively short period of time. Share Trade Secrets has done a lot of researching of different training products and have compiled a list of the best of the best. Have a look at www.sharetradesecrets.com. All products recommended come with a 100% money back guarantee, so they are really worthwhile considering. I wish you all the very best in your trading online.
Kind regards
Share Trade Secrets - www.sharetradesecrets.com |
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Chad
 |
The simplest and safest way to start investing with a small amount of money is with a high-interest online savings account.
INGDirect.com 4.5%
EmigrantDirect.com 5.05%
HSBCDirect.com 5.05%
These link right to your current checking account and you can move the money back and fourth as you please without any restrictions. Much more efficient than a CD, and they are FDIC insured. |
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evermore
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You can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.!
Open an free account and get $5 reward!
http://www-forex.spaces.live.com |
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Brad H
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The thing is that $200 is relatively little money, if you invest it you are going to spend $10-$20 just in commissions. If you put it in a savings account it will take 10,000 years to make any money. Maybe you could use it to buy little things that you find on sale and resale them on ebay. You could buy a savings bond, which pays more than a simple savings account. Or you could do what your mom says and use it on school, I am a strong believer that an education is the best investment you can ever make.
...or you could just forget it and buy an iPod ; ) |
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Smartass
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From experience. Silver. It will HIGHLY UNLIKELY depreciate. Or you can buy some clothes or office supplies and sell them on eBay.
$200 on CD is going to be .....10 cents. Not even worth driving to the bank to sign the papers.
BUT, keep saving, you'll find something better to invest in later.
I have personal experience for what works for me, so feel free to email me further questions. |
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o dog
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$200 is not much coin. Best is to pay down and high interest debts you have. If you don't have any debts I would say make the best investment and that is in yourself. Buy $200 worth of books (or audiobooks) in areas that might help you out in life (personal finance, job seeking skills). Since you are in college I recommend things like Interviews for Dummies. |
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Fred W
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If the stock market boggles your mind. Keep out of it. Most brokers, If you offered to let them manage it would turn you down. Because of the volitility of the market you would need to be making contributions to the account on a regular bassis to offset the losses in down markets. The best place to put the money would probably be in a flexible premium defered annuity and I recomend qualifying it as a Roth account. These Annuities have a guarenteed interest rates and you can add to them when you have say an extra $50 |
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K A
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I would say put it in a savings acct, preferable one that gives higher rates to students. For money market acct or cd's you need at least $2,000 plus to invest. If you put it in a savings acct, don't touch it put in at least $25 a check ($50 month) and in a year you'll have over $800. The savings acct may not get you much interest but it's a start. Wish I would have done that when I was in school, after grad school have $40K plus in loans. |
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Bill P
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start a roth account and just keep adding to it |
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John j
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I would suggest getting rid of any interest bearing debt you have first. By paying off your credit card or other loan you are saving much more than the interest rate you are paying on them. I worked out once that every $100 I paid off my mortgage, as an extra payment on top of the normal payments, saved me $1000 in the long run. It takes time to see those results but they do come your way eventually.
Or you could help your mum and dad pay of the mortgage on their home. Use it as an interest free loan for the time being. That way everybody benefits and you get your money back in 5 or 10 years or whenever you set the time limit for. If you add $10 or $20 a week or month the balance ads up before you know it.
Be wary of the stock market though. People, greedy and dumb people have lost millions. |
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kurt_tesla
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Find a hooker |
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jemmy t
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Invest in Mutual Fund: As the mutual funds are designed by investment companies to buy shares in different stocks and other securities, the mutual fund investor along with their ownership of shares of the mutual fund, have a restricted claim to ownership on few of the securities held by the mutual fund. Besides mutual funds provide the dual advantages of diversification and professional money management services to manage the money invested in the fund.
http://debts-to-wealth.com/category/Guide-to-Mutual-Funds.html |
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