Localfund.com - All about Fund and Investment
*Home>>>Invest Money

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.

Investment is Risky without knowledge.

Besides the Banks, there are other places you can invest in:

1. Real Estate,
2. Stocks and Shares
3. Indexes
4. Currency
5. Precious Metals
6. Collectibles

But all these will turn into nightmares if you do not have the knowledge. Choose one and with your extra money, spent some on getting yourself educated while the rest is for you to invest.

Hope this helps

Cheers

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.
Financial adviser you may need to discuss with and do your research.

God be with you.

A college student with extra money - no such thing!

All depeding on how much money you have, how much time you're willing to devote, and how much risk you're willing to take: your choices are probably between a CD, mutual fund, or stock(s).

A CD would be low risk and fairly simple, while stocks would be higher risk and consume much more time and resources. Mutual funds would range in between both extremes.

Tags
  Investment Calculator   Investment Bank   Investment Advice   Investment Account   Invest Money   Invest in Gold   Invest Fund   Income Fund
Related information
  • I've jus got a much needed lumpsum of money, (lets say $1,500) where can i invest the money so it can grow?

    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.

  • How do I bring foreign money to invest in the US?

    Just have him send you a cashier's cheque. It will take about 7 days to clear at your bank.

    ...
  • How can I use IRA money to invest in real estate -- like buying individual properties.?

    If it is a first time home purchase, you may use up to $10k penalty free. ...

  • If you have $ 20,000 saved how would you invest that money ?

    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...

  • My employer offers no benefits- suggestions of where to invest/ save money for the future?

    Open an IRA (Roth IRA if you're eligible). I'd invest the IRA money in a diversified portfolio of good stock mutual funds.

    ...
  • If I'm a non-US-citizen, can I invest my money in the US, for example in bonds or stocks ???

    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...

  • I have 1,00,000 rs how can i invest the money with high returns for 6 month period (no to shares)?

    invest in property (also you may need to take some loan from bankers)

    ...
  • Does anyone know any good books on how to invest your money?

    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...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster