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How to invest my money as a college student? |
still in college and have few thousand i want to start investing... I would say go with a CD..you never know when you may need the money (and the penalties for early withdrawal are only a loss of interest, not a loss on your principal). Plus you can choose your term (how long you would like to keep your money in the account.) CD rates are normally higher than money market account rates. I would shop around for the best rates first because some places have higher rates than others! Learn more, because knowledge is very valuable. To learn more about stock, see www.stockpickguide.com i suggest if you go for partnership is better. Its great you want to invest at an early age. But learn first. There are excellent books available on basic investing. "Investing For Dummies" is one of my favorites as its really easy to read. The more you learn, the better your decision will be. I would open an investing account with sharebuilder.com. Choose some great paying, profitable dividend stocks and invest in them long term. Reinvest the dividends and add to the account on a monthly basis. Before you know it your account will really be worth something. do you wana try internet biznes? Open a brokerage account at Zecco and buy Google, Nintendo, Sony, Microsoft, Apple, InterActiveCorp and Yahoo! |
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Diversification may be a good idea. If you already own a significant amount of one company, then consider buying shares in another company or two to spread your assets around. ...Yes you could lose some money. Money market funds try to keep a price $1/share but there is no guarantee (no federal insurance like CDs or savings account). It is thus important to pick a Money Mar... Two reasons: 1) Swiss bank secrecy protects private banking information; the protections afforded under Swiss law are similar to confidentiality protections between doctors and patients or lawyers ... If you have to ask, you probably should avoid it. I've never heard of it. ...In that crevice between YOUR left and right buttock. ...The only investment you can make without any risk whatsoever is an FDIC insured bank account. But then, real estate has, historically, been an excellent investment. ...Depends if the money you're investing in before taxes or after taxes. A traditional IRA uses money before its been taxed. Contributions to a Roth IRA are funds that have already been taxed. ... A short CD. I found some for 7 days! I make a little on a money market. I made a bunch buying motorcycles (crotch rockets) less than 1000 each and sold them for 1500-3000 each! Find your niche! ... |
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