 Is it good for UK people to invest in the US Dollar? |
The UK pound has hit its highest level against the US dollar in 26 years.
I'm not a business man, I don't know anything about the stock market, but as a regular joe, is it good ... |
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 Is investing a waste of time? |
| A friend advised me against the stock market saying it was a waste of time. Is this true or was my friend just jealous of my interest in stocks? Maybe its the market?? What do u think?... |
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 What is the best site to practice for the stock market? |
I want to learn about the stock market, and practice investing in the stock market.
I've seen a lot of "Stock Market Game" websites on the internet; which is the best? (P... |
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 I want to Start Business in Share Market. What will I do.? |
| I Want to Know Which stock broker in India is provide me the best service in county and how???????????... |
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 Any one can help me in investing in market??? |
| i need help regarding in which field should i invest money stock market or in saving funds .and which is best mutal fund in market today .... |
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 Are you Bullish or Bearish? |
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Any particular sector/industry?... |
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 Whats the best way to start investing? |
| Im 18 and know nothing about investing, how do you get started and how do you go about buying stocks, i only want to spend about a 1000 $.... |
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 What would you invest in if you had $300K? |
| I have $300K in CD's maturing in June, what would you do if you wanted to use it primarily for mortgage protection and retirement income?... |
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 What's the best use of my money: to pay off a mortgage sooner or to invest in the money in the stock market? |
| Hi, guys im 21 and I just bought $ 80,000 small house four moths ago, and I would like to know what is better to pay extra payments to pay off the mortgage ASAP, or to pay the regular payments and ... |
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 I have 20 grand in the bank. what should i do? |
I dont really want to invest in stocks so can you give me other ideas? im 22 by the way
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from what i know, stocks are too risky. Everyone that I know and their friends ... |
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 What can i do with a 50,000 dollars to double in one year? |
| i need that amount to double or triple or at least get 1500 a month from it all year long plz help!... |
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 Is it better to own a franchise or start your own bussiness? |
| i like to know how to make lots of money i maybe a franchise is the way to ... |
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STEVE0 THE CLOWN | Whats the best way to invest 300 dollars a month? |
I would like to start investing and i have no experience, I was going to put about 300 a month away to save up for a bike but i realized i need to invest that money into my familys future can anyone help me? |
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KNight31
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Open an IRA account with T Rowe Price or Vanguard and buy mutual funds. In 25 - 30 years you will be happy that you did. I have over year since i started buy mutual funds and I'm happy I did. Even though im not getting much back I know that if I keep buying more shares and they keep earning dividends and capital gains and invest those earnings into more shares one day i will have enough money to live happy and without having to worry. |
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A nobody
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Without having more information about your personal information, such as age, current income and other data such as risk tolerance, martial status, and demographics it would be very inappropriate for me or any other person to provide specific investment information in this type of media
There are thousands of people just like you that are, or were looking to invest and those that did buy Mutual Funds. One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience.
Mutual Fund companies have an entire array of products many will fit your needs.
You can go to the MSN.Money website it has an entire section on mutual funds. Read about the various funds and in doing so you will be getting investment ideas and at the same time educating yourself about investing
Good luck, if you do it right, you could end up with both |
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Doctor Deth
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If you have a 401k plan at work - you can put some there - especially if the company matches part of your contributions- that's free money - other money should be saved elsewhere for an emergency fund, other future pre-retirement expenses |
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Serge A. Storms
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You might consider a money market checking account. Check Bankrate.com and find one that requires no minimum balance. As your savings grows could then invest in cd's. Another choice if you want stock market is the James Golden Rainbow fund. This is a conservative "balanced fund" consisting of both stocks and bonds and they will allow you to invest monthly to meet the minimum balance requirement. Just type the fund name in a search engine. STAY away from brokers as they will sell you "LOAD" funds with high commissions and expenses. |
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$so fresh so clean$
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Second answer got it right. Put it towards a retirement account, preferably a Roth IRA. Grows tax free and withdrawals can begin at 59 1/2, pending you've owned it for 5 taxable years. |
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Jbud
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A lot of people above have said some good things. Much of it depends on your personal situation and what you're hoping to do.
However, what people are looking for at the end of the day is returns. They want to find the highest return on their money, for the lowest risk.
The only way to consistently do that is not to blindly invest in mutual funds or anything else, but invest in YOURSELF, invest in your knowledge. No one has a greater interest in your money then YOU, so learn about money and how to use it for you. Read books, magazines, observe others, form opinions, test them in the real world.
Part of your plan may be buying mutual funds, real estate, individual stocks, bonds, or some other set of assets. Tailor your strategy to fit your self.
Educate yourself first. At the very least if you decide a more active role isn't for you, you'll have a much better idea what to look for in someone or some company that manages your money for you. |
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CFPwunaB
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First, save up $1,000 inside a Money Market Account (It acts a lot like a savings account, but it offers higher interest).
Once you have that $1,000 open up a Roth IRA at either T Rowe Price, Fidelity, or Vanguard. Purchase a target-date mutual fund. Target date mutual funds are labeled with dates like 2010, 2015, 2020, etc. Just pick the date that you expect to retire in like for example if you are going to retire at age 65 and you are currently 35 then you would pick either 2035 or 2040. These mutual funds own shares of all the other mutual funds that company has, so it instantly diversifies your account. The nice thing about these, is that the closer you get to retirement the more conservative the fund will become.
$1,000 is enough to do this at T Rowe Price, you'll have to check the requirements at Fidelity and Vanguard. Then, you can begin adding your $300 a month and that money will grow to huge amounts in no time.
Do some research on these funds, and ecspecially about Roth IRA's, they are hugely beneficial and they are great accounts to save in for your families future!! |
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Mark F
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I would have to say that this depends on several factors. What is your time frame (when do you want to take the money out of the investment? How much risk are you willing to take? What do you plan to use the money for (retirement, extra income, college, etc.). Without knowing some answers to these questions one could easily get you in the wrong type of investment for your situation.
Having said that you will still be far better off investing the money in the wrong type of investment than if you spend the money on stuff you don't really need.
I would recommend going to an investment company like an Edward Jones or something like that and talk with them about your goals, plans, risk, etc. They can give you sound advice on where to invest your money based on these factors.
If you are really aggressive (want top returns and don't care if you lose some of it in the learning process) then go it alone and figure it out the hard way. I invest a lot of my money in real estate and in my opinion this is a great time to do that with the market currently depressed. |
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sts7b
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Put it under your mattress-- for now. It may well buy ten times as much in a year or two. Here's part of the reason why:
This is what I noticed in today's news:
Looks like the rats jumped ship right after 1st Marblehead Debacle:
None of them did all morning. But 17 of them did in little over an hour and a half.
Lennar CEO did the right thing. Looks like Noble (sic) guy was indecisive.
Excerpted from Yahoo News Archive:
http://biz.yahoo.com/apf/archive.html
Noble Int'l Chair Sells Stake, Resigns
4:13pm
3:33pm
Cabot Oil Director Exercises Options
Federated Director Exercises Options
J. Crew Unit Head Exercises Options
Ventas CEO Exercises Options
Qualcomm Division President Sells Shares
Brady Director Sells 201,691 Shares
SBA Executive Sells Shares
Qualcomm CEO Exercises Options
Equinix CEO Sells 9,188 Shares
GameStop Director Sells 6,400 Shares
Steelcase Director Buys 50,000 Shares
MKS Instruments Director Sells Shares
Bare Escentuals Director Sells Shares
W&T Offshore Chairman, CEO Sells Shares
Pure Bioscience CEO Exercises Options
Palm Founder Sells Shares
NuVasive CEO Sells 20,000 Shares
1:58pm
Lennar CEO Forfeits $9.95 Million
1:41pm
Transocean President Exercises Options
1:05pm
Bear Stearns, JPMorgan Complete Swap
12:42pm
Student Loan Stir Hits First Marblehead
12:23pm |
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Don
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I recommend looking into putting your $300 per month into a DRIP Plan. I have had mine for 22 years, and it has given me 10.4% annual returns. I have friends who have achieved even higher annual returns.
DRIPs are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP's are one of
the best strategies on Wall Street.
They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.
Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.
These long-term plans are great for beginners as well as veterans. Check them out.
Best of Luck |
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