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I am looking to invest some money, perhaps in stocks? |
I am looking to invest 1,500 dollars. I am only 18 and I am looking for it to be about a 5 year investment. I would like to put more and more into it every so often so I am assuming my only option is stock. I think Apple stock would be good, but I only could afford like 13 shares. I would like it to be a safe investment. any help would be nice There are no safe investments. Investing is always a risk but not investing is a sure way to stay poor. I would look into mutual funds some will allow you to open an account and they will draw from your checking account a little a month to help you build your position. Check major no load families like Fidelity or Vanguard. Put it in a ROTH IRA if you have earned income. May I suggest a DRIP plan to implement your strategy. They are inexpensive to implement and maintain. I think it is wonderful that you are already thinking this way, at 18. Before you do anything with your money, you need to read and research different investments. Among your options are CD's, precious metals, stocks, stock options, drips, mutual funds, and etf's. If you think you may be able to leave the money in an investment for 5 years, that is a short time frame. So, consider something like a gold CD. Try www.everbank.com. Also, start reading and researching. Yahoo is a great website- their Finance section. So is Bloomberg, and Schwab. You may want to read Investment Business Daily. Open a paper trading account ( not real money), track some investments, and see how you respond when the market whipsaws. learn about charting, and analyzing entry and exit points. It's your money, learn to manage it before you commit it to a particular investment that has risk. Lastly, don't take stock tips from a forum like this. How do you know you can trust the investment advice you will get here? You can't. You may also want to enroll in some free email services. Go on thestreet.com, and start reading about stock sectors, seasonality, etf's mutual funds, etc.. There is lots of information available to you. Best of luck! You are really smart --it's the perfect time in your life to get started!!! Even a good stock like Apple whipsaws around.But you have to be prepared for unpleasant surprises, too... i think in your situation it is best for you to invest in mutual funds rather than any stocks in the market...it has a lower risk compare to investing in a stocks...your investment term will guarantee you that you will double your investment in 5 years... Open a DRIP Plan. Get jim cramer's book Real Money. You can purchase this book very cheap at the website Half.com There are no SAFE stock investments..all have earnings reports and competition.so all have prices that go up and down......... If you want to look at a solid stock, look into either Baxter or Abbott. They are both pharmaceutical companies that have routinely returned 12+% over the past however many years. They are solid and are good buys at the moment. If you want a quick return on your money then trading in cfd,s is the way to go. |
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Go for it! ...1. Open retirement accounts as soon as you can (you'll need earned income to do so). A Roth IRA would be good. A 401(k) with an employer matching contribution would be better. See the firs... stocks alot if you want to make alot of money a little if you dont and wont have to risk much ...yes split it into three parts invest part 1 in low risk low return investment like premium bonds invest part 2 in medium risk investments invest part 3 in higher risk investments ie don... For a three year time horizon you do not invest your money... you save it; www.ingdirect.com www.GMACBank.com www.HSBCDirect.com All have regular savings and CD's which are very competit... This pays,I have made over $1,000 in 3 months,right from home,no BS. Absolutely no start-up fee.Email me,and I will send you a copy of my checks. ... Precious metals and gems, if people could afford to. The problem was the stock market running uncontrolled on how much an investor could borrow to buy stock, a purchase on "margin" in whi... I've got an easy list for you to check out. First, I selected from the S&P500. Whatever else is going on in the world, we know that these companies are in a set of substantial volume, ... |
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