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I am 20 year old college studenet interested in investing some money is the mark...? |
Whats the best way to go about doing this; who should i invest my money with and how do i get started? Can anyone give me some usefull advice? I mean in the market (thats a typo at top). First, edumacate yourself(hee hee). TD Ameritrade. TD Ameritrade- open an account scottrade - $7 a trade, only $500 minimum to open, real time info and quotes If you want to start simply until you learn or if you have limited funds to invest, contact Vanguard in Valley Forge, Penn and sign up for their Automatic Withdrawal Plan. They will take $ 50 ( or any amount you specify ) from your checking account each month. While you re doing this, go to your library and get some books by Peter Lynch, John Templeton, and others. Vanguard also has a wide selection of brochures that they will send to you. Spend time reading the messages on some of yahoos financial message boards. try several till you find one where the posters seem knowledgeable. But take nothing as being the gospel truth. Everyone has opinion on how to invest with OTM ( other peoples money). At your age, what you need to do is invest to never lose your principle. After 3 to 5 years you can become your own bank. When you have enough to lose without feeling the loss, than you invest in the market. That will also give you time to learn how. Invest 5 to 10 percent of your annual income after taxes. Or pay yourself 1 hour of pay a day. Pay yourself first. Indexed Universal Life policy will make you wealthy and free of the Governments qualified investments. Good Luck Don't take other peoples' advice. I wish I could trade places with you!! i u have money to invest you may invest in a company in india which will give more return Before you start thinking of investing money in the market try this: set up a safty net account incase one day you need the money, that way you dont have to tap your investments, try setting up an account at www.ing.com. once you have set up an account there andhave say 6 months worth of pay into it then you can start investing, try something like www.sharebuilder.com or scottrade.com |
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