 What'd be the best thing to invest in...low risk? (17yo)? |
| I just got a job caddying in which I make close to $150/day on weekends which will go into the summer. Since I'm only 17 i don't have many things to worry about since prom has been paid ... |
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 Beneficiaries help??>>? |
i'm 20
i have a girlfriend no wife or anything no kids
2 parents
2 siblings
who should i use as my beneficiaries?
prob not girlfriend? or should i? (only 3 ... |
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 Any advice for a would be market investor? |
| I am eager to get into the stock market. I just can't figure out where to begin. Should I get a broker first? What market should I invest in? Can I invest in several different markets? Even ... |
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 Where do i get a Private investor? |
I have some ideas some I have taken through to the prototype and others are still on the drawing board, my question is I need to get ether a private investor or I need to get a partner.
W... |
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 What types of investment were you most successful or least sucsessful in? |
| What type of investments will be successful in the future? Any ideas?... |
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 What is the best way to start stock trading? |
Any recommendations and tips?Suggestions will be appreciated as I will be beginning to trade for the first time,thanks !
Additional Details
what is the safest amount for a beginner to ... |
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 Is my attitude right or wrong.....i am confused please advice me as much as you can? |
Hi All,
I am 26 years old and i come from an indian middleclass family. I have a desire to marry a princess kind of girl. I have a feeling that it's money accompanied by beauty, gud ... |
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 If i give a check with no funds? |
| what happens? if they tried to deposit it 3 times already and i didnt have the money in the bank? i had it but they took about a week or so to deposite it and now i cant come up with the money.i keep ... |
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 Is there any age too young to start investing? |
| I am 16 and am investing a few thousand dollars in the stock market. I invest wisely, but in today's market sometimes loose some money. In your opinion, should I still be letting my parents do ... |
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 Investing 5k need help? |
| Hi, im looking to invest money, currently I have a savings account that gives me 3.6% interest monthly. Im going to build it to around 5k and then invest. Looking for something similar to a savings ... |
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 I need to invest 80-100K from the upcoming sale of my home, how should I invest it? |
| I don't know much about mutual funds, but I'm told if I were to invest 100K over 10years there would be about 400-440K. This was assuming roughly a 15% return per year. I was told this is ... |
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 What should i buy???? |
| i just got paid.......what should i buy with my money?... |
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 Prediction for the Dow in 2007? |
| Its 12500 now.....anyone think 15000 by year end 2007?... |
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| Stock market after the election.? |
| what to u think after the election will the stock market will go up or down. is it a good idea to buy stock before the election in hope of the stock market will go up after the election. personally ... |
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| What's the best way to invest small amounts of money? |
| I'd like to have some type of investment that I can just drop in 5 or 10 bucks every once in awhile online, without getting any fees while the amount is smaller. Should I use a savings account, ... |
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Tritone | When is the best time to start investing? |
I'm turning 19 this year and I've heard and read about financial freedom. Am I too young to start? Should I wait till I enter the workforce? Can anyone advise me on how to start off investing? I'm currently schooling, and i plan to put aside 100 a month from my savings. And also, what sorta investments should I target? Lastly, can investing be self taught? Thanks for the advice! |
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Brandon R
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You have several questions there. I'll try to break up my response into pieces to address each of them.
Yesterday. LOL. Once someone told me "It's never too early or too late to start investing." Just start as soon as you can. The sooner you can start the more you have time and the power of compounding working for you instead of against you. http://www.smartmoney.com/university/investing101/whyitworks/index.cfm?story=compounding I started when I was 15 and now I'm 23. They key is not to put money into the stock market unless you're 100% sure you won't need it for a long time. Otherwise, if you need it while the market is down and have to sell to get some cash, you will end up worse off than if you just put it into a savings account.
You can start a Roth IRA at the age of 16 I think, so you don't have to wait until you start working. However, once you do enter the workforce if your employer offers a 401K invest in it up to the point that they match your contribution because the match is free money that the company gives you. However, do your own investing in a Roth IRA outside of the 401K because you have more options to invest in.
To start off investing I would go with sharebuilder.com because they have low fees and no minimum investment. Check http://www.mymoneyblog.com/archives/2008/02/whats-the-best-broker-to-start-my-roth-ira.html for a comparison of T. Rowe Price, Vanguard, Zecco, and Sharebuilder (All are good, pick the best for your situation). I personally have accounts at zecco and sharebuilder.
You should definitely target Exchange Traded Funds starting out. They have lower fees than mutual funds and offer diversification, so they're easier than trying to pick individual stocks. See http://money.cnn.com/magazines/moneymag/bestfunds/2008/etfs.html for the top EFTs according to Money magazine.
Yes you can be self taught. Most of what I've learned has been from reading on my own, watching the news, etc. You can read books from the library, search online, watch the Suze Orman Show, etc. to get information. I'll list some of my favorite sites below:
suzeorman.com
investopedia.com
seekingalpha.com |
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born ready & cant ever stop!
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As soon as possible, go to a bank and star a savings & checking account and get a job and watch it stack, pull money for important things if there not important the leave it alone. |
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jenhunter
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Investing at any age is a great idea. Just be careful on where you put your money right now. I started investments when I was 18 because my employer offered a 401k.
Do you have a regular income? Do you pay for housing?
I would say at your age the best target for savings is 3 months of expenses (rent, car, whatever you have to pay). Keep that in an account just in case you ever get in a tight spot.
Now I'm 21 and work for a company that no longer offers investments, so I stash about $75 into a roth IRA every month - that way it's growing, but if I needed it I could easily take the cash out.
The bottom line: You're never too young to start saving money. |
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Shelly
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They younger you get started, the earlier you will retire. It is great you are thinking about this at such a young age.
Your first option should be to fund fully a retirement account. This is always a good investment regardless of who you are.
If you have done this, or you wish to wait on the retirement fund, then one of the best things you can do is open a DRIP Plan.
They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
The best part is you get solid annual returns from well-known, safe Blue Chip companies like: McDonalds, General Electric, Pfizer, Walmart, US Bancorp.......etc........
They are inexpensive to start and maintain, and your dividends are reinvested for free.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down.
Look at all suggestions closely. Check with your parents, they will help you make a wise decision.
Good Luck |
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♥♣♥
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Start now. I highly recommend the book "Young Broke and Fabulous" by Suze Orman it teaches you everything you need to know about money and is geared towards people your age. Good for you for thinking ahead. |
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gosh137
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I (actually my father did it for me) started investing when I was 0 years old. It paid for my college. So the best time is always - yesterday. The most successful investors say "Time in the market, not market timing is the way to make money."
How to start - educate yourself in the ways of investing. Buy a book called "Investing for Dummies" by Eric Tyson.
What "sorta" investments should you target? First determine your goals for this money. Retirement 10+ years away? Long term like that, in the past it has been found the best investment is stocks, stock mutual funds. Pay off School, car, buy apartment within 10 years. Short term like that, if the past stocks are considered too risky. Go to bankrate.com and find the highest yielding FDIC insured CD's to buy.
If your goals are long term -- for a beginner I believe a well diversified mutual fund is the best bet to establish a "core holding." Once you have a good nest egg in that, and you learn some more about investing, then you can go for your favorite stocks.
Don't forget to first established an "emergency fund" in case you lose your job/current funds for living. It should equal about 6 months of living expenses.
As to what mutual fund to buy. Most require about $2500 to start. As you only have $100 a month, in my opinion, the T. Rowe Price family of funds may be the way for you to start. They allow you to start with only $50 per month (to be electronically wired out of your bank account), each month until you reach their normal $2500 minimum. Plus they have some wonderful (in my opinion) funds, check out their Target Retirement Funds. |
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evermore
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You can open an free Marketiva forex goldfundindexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account.
http://www-forex.spaces.live.com |
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