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Hi, I'm a college student with extra money. Where is the best place to invest this money beside the bank? |
Hi, I'm a college student with extra money. Where is the best place to invest this money beside the bank? The Best one will be in your knowledge. I heard HSBC onlines account is at 6%, or check out INGdirect or Capital one. They are good. I have ING. umm i would buy stuff useful like idk clothes or invest in a house or an apartment hey just give it to me. i need money. I'm broke and need money for alcohol research. depends on when and what you want to save for (retirement, short-term, etc.) and how much risk you are willing to take. you need to include A LOT more info. for a college student, i would recommend a 1 year CD for starters, make sure you can put an unlimited amount in, though. It depends on how much money it is. If it is enough to invest in Real Estate or Land auction good. Buy units and rent out. College student. Zoning is important with land. Maybe you can have and organic farm, etc. If you need a tax right off; orphanage. A college student with extra money - no such thing! |
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The key word in your question is "needed". If you will be needing it and it is the only lumpsum you have, do not invest it at all. Same it in a bank account for when you will need it. Just have him send you a cashier's cheque. It will take about 7 days to clear at your bank. ...If it is a first time home purchase, you may use up to $10k penalty free. ... Depends, if I was in debt, I would pay off debt first.. If not in debt then take about $15,000 (equal to 6 months expenses) and put it in a money market account at my bank for emergencies. The o... Open an IRA (Roth IRA if you're eligible). I'd invest the IRA money in a diversified portfolio of good stock mutual funds. ...Yes you can in fact I suggest an investment club for the simple reason they do not charge any fees. I use this club and have made money ever since I joined in 2005 Check the web site http:www.freew... invest in property (also you may need to take some loan from bankers) ...There are plenty of good book available on that subject. There is a good book for beginners called "Investing for Dummies". There are various books on asset allocation. "All About... |
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