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I am 18 and want to invest my money? What is the best way,step by step,that worked for you or anyone you know? |
900 to 1500 dollars Do not invest in stocks. Too risky for beginner. You may lose your money. if you are 18, you should use that money for an education. that really isn't very much money. most people make that much money in a week. i would take a class giving you a specialization so you can get a good paying job. $1500 might be enoupgh for a semestar at a cummunity college. good luck. You want answers. Look on your local are for a primerica representative, he/she will show you and teach you the best way to invest your money. Talk to a Morgan Stanley financial advisor. Educate yourself on investing so that you don't have to pay someone to track your investments for you, because they won't. Start your own small online business. Register a domain and promote your web site. |
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Mutual Funds is definitely the best way to go! ...With Rs. 2,000- you cannot invest in stock market. Thats a pretty small amount. ...Mutual funds or ETFs focused on China or BRIC (Brazil Russia India China). ...I would not buy stock options they are too risky, especially for beginners. I would recommend the following approach: First, I would make sure you have at least 3 months salary saved up in the b... Knowing how best to invest your money starts from knowing what your investment objectives are in the first place. There is a financial instrument for every kind of investment objective. If your... first, assess yourself, what is your financial capability, risk tolerance, and investment goals. then search appropriate investment tools that can help you to achieve your investment goals and with... There are so many types of investments. Find yourself a good investment broker who can explain to you in detail the benefits of investments that would best be suited to your needs and situation. ... First pay credit cards if you have them. It makes no sense to invest if you have credit cards with 18% interest and investments give you around 12%. After you pay your cards get a ROTH IRA. You can... |
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