What is the best way to invest money at the age 23 any ideas would be cool?

stocks - you are young so you can take the higher risk and higher returns

Put it in a mutual fund

Real estate. Land and property doesn't depreciate in value.

At 23, you should set up your 401k. It won't make you rich now, but you will reap the rewards when you are older. The earlier you start, the more you will have later.

Pension Plan, Health Insurance, High interest savings accounts, property, stocks and bonds. By investing in my early years, I was able to survive during the down periods of my life. At your age, I always tried to save as much of my salary as I possibly could and it really paid off for me 10 years down the road.

tell the wife to quit spending all the ******* money. and keep a job. and get off your *** and work and save

Invest your money in Insurance (Unit Linked Insurance Plan) and Mutual funds.

ULIP will not only give you good insurance cover but the premium at such such a young age will be quite less....moreover you give get handsome returns at maturity.

Don't use AG Edwards. Bastards never call you back if you only have piddley mutual funds.

I agree with q *. Stocks

if you have $3,000 to put out ,you can go to wizetrade.com and investigate a program that will let you trade the stock market live at home from your computer.they have the best charts and understanding method for trading.plus they occassionally have free seminars across the country.try the website and check it out.



good luck

As a rule of thumb most investment counselor use the 100 rule. Which means you subtract your age from 100 and in your case we get 67. So your recommended to take 67% of your investments into a long term growth vehicle, whether it be growth stocks or mutual funds. 23% should be in something like bonds or a bond mutual fund, something very conserative. So the philosophy goes as you get older, more and more of the money that grew through the years is put into something safe and you still have continuous growth. I recommend you talk to an investment advisor before you invest any money.

My suggestion is to open an IRA and start saving toward your retirement. A 401K plan with work would be beneficial as well. With all the talk about the social security program, i'd advise beginning your own retirement fund and not relying on the government.

Here is a great way to invest.
www prospera-fund dot com
They are invested with several traders in stocks and FX accounts, (diversified).
There you can invest money to earn 10% a month compounded! After testing with 100.00 it works, and so I invested more, four different options, all 10% a month, "offshore investing".
Examples of compounding: 1000.00 after one year: 3130.00.
or, 200.00 after 5 years: 60,000.00
Do it, and forget it for 5 years, you'll not be sorry. It has been paying me since March OK.

Source(s):

www.prospera-fund.com
refer. luckyrick

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