 20-something wanting to start investing in stocks? Any suggestions? |
| I'm young and still in college, but I'm wanting to test the waters so to speak so that I can begin learning how to invest now. Any suggestions on ways to start? I.E. Good companies to work ... |
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 Would you like billions of $$? |
| WOULD YOU HELP MY FRIEND HE HAS THE KNOWLEDGE I JUST TRYING TO FIND HIM AN INVESTER HE NEED 25 THOUSAND TO GET STARTED.. 25 %... |
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 Best investment for $5,000 for quick return(6-18 months)? |
| Need to know best investment for $5,0000 American. I am open to day trading currency, cash deposits, stocks, bonds, and commodities. Beleive I can get 6.5% on a cash deposit of $5,000 for 6 months. H... |
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 Are bio-tech and pharma companies the same thing? |
| The way I understand it is pharma companies make and sell drugs and biotech companies research how to make the drugs. However, aren't some companies both pharma and bio-tech? I was reading ... |
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 Bank being unfair...what would you do? |
| I sold my house in April and got £150,000...the most money I have ever had by a long chalk. I checked with my bank whether I was in the best account for this to earn for me and was told 'yes�... |
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 Where and who to invest with? |
| I want to invest 3,000 for college for my kids. where should i go? Then i have about $5000 left that i want to invest so that in 5 or 6 years i will have a enough to take a family vacation with the ... |
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 Where should I invest in 2007? |
I am not sure where I should invest in 2007. I am also hearing that the USA economy will be slow in 2007. Do you have any suggestion?
Best wishes,
M. M. Chowdhury
www.... |
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 Just how difficult is it to make a living selling and buying options? |
| I know "day-trading stocks for a living" is kind of a joke nowadays (although, yes, I'm sure 1 out of 50 daytraders are able to make a living out of it), but what about options trading?... |
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 What is investment? |
| try to give detailed answer, don't copy from wikipedia etc.... |
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Rawr. :D | What should I spend my 5 thousand dollars on? |
I'm 16 years old, and I don't have it yet, but I'm working at a few places in the mall, and I'm going to get a job with my dad that pays a lot more during the summer...
Pretty much what I was thinking about was:
This 4 thousand dollar laptop
Clothes, I could get alot of nice stuff with 5 thousand dollars...
a golf cart.. WHAT? I want a golf cart. :l
or save it for stuff? Not college, not going to college.
Or suggest something? Nothing illegal. :D |
 |
 
Kay
 |
Save your money on 1 year CD (Time Certificate of Deposit) which pays higher interest than savings account. You then cannot touch the money for one year. Some banks offer 5% interest on 1 year CD. If you put down $5,000, you will end up with at least $5,250 and more since many banks offer monthly compounding of interest. |
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remoserjr107
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Laptop for under $1000; Save the Rest....!! |
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Fed up with VN's
|
A good laptop for $1000 and save a couple thousand for college in the future and then spend the rest on what you want. |
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litlfitz
 |
Not going to college then you of all people will need to hold on to all the money you can because you are certainly going to be needing it in the future because inflation combined with your lack of an education won't be pleasant. |
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Mark
 |
A car.
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DG
|
Think of those 5,000 dollars as 5000 little soldiers that can work for you.
If you put those 5,000 troops into something that gives back 10% per month, you have $500 coming back to you every month that you don't have to lift a finger for. That money you can spend on clothes or whatever you want, without losing your $5000 and having to start over.
Also at 10.2%, the average S&P 500 rate over the last 50 years, (stock market, done carefully) if you just left it alone, you could have just over $2,000,000 (yes, 2 million dollars) when you are 56 years old.
Personally, depending on what you want to do with your life, college isn't all its cracked up to be. If you want to have money, you must understand money, not just go to school for some trade and hope it all works out in the end. Doctors and Lawyers are notorious for having major financial headaches.
$5000 is a wonderful asset to start with. I got the S&P quote straight out of 5 lessons a Millionaire taught me. I will be a millionaire at 30. I'm 20. I hate college and avoid it like the plague. |
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Josh W
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You're not going to college? Well just save the $5,000. Put it in a savings account and just leave it there. It will draw interest for years and you will have it when you want to move out and get your own place and whatever you decide to do in the future. |
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Yoho
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4,000 dollar laptop? That junk will be 500 in 3years. will be 100 in 6years. Just think about that.
Get a cheap 500 dollar laptop and if you want to play games get a 1000 dollar desktop that will have more power than that 4k laptop.
Not going to college? Let me guess military or just going to work at the mall all you life? If you're going into the military you will never make a officer without a degree.
As for the guy above how to you make 2 million in 40 years from 5k? 5k at 10% for 40years (or 56years old) is around 36,000 :) Sounds like both of you need to go to college. |
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