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I want to invest money for long term like S&P 500, where should I go ? |
How much the minimum to buy that stock ? I know nothing about stock. please serious answer only ! so, how to know which stock to invest in? The S&P 500 is not one stock, it is a collection of 500 stocks. Go to Vanguard.com, and buy their 500 Index fund. You can open a regular account or an IRA. There is a $3,000 minimum investment. You can also buy SPY, which is an ETF. There is next to no minimum for an ETF, but you will have to pay a broker's fee. Here's another vote for Vanguard. They have an S&P 500 Index fund (a fund that mirrors the S&P 500). Index funds are good because the management fees are low. You need $3,000 to initially invest in the fund. Actually, for long-term investments you're probably better off opening a Roth IRA account (which allows a maximum deposit of $4K per calendar year, going up to $5K next year) and tailoring your profile to an "aggressive" stance where you would be investing almost entirely in stock, which would include investments to both Dow and S&P stocks. You can deposit any amount you want into it at any time up to the annual maximum allowable contribution, no minimum at all, it's tax-free, and you get expert diversification investments to boot so that not all your money is in just a few stocks and the chances of you losing it is much slimmer than if you handled your own investments, especially since by your own admission you know nothing about stock. 1) Open a brokerage account at Zecco and buy the ETF DDM. There a bunch of questions that you have to answer before an intelligent recommendation can be given to you. Lets start with your age and what it is you are saving for. Please read my profile and then contact me. don't panic selling right now |
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Well, if you're not seasoned with stocks, I would take the advice of others and invest it in an online high yield savings account or money market. ...you are correct. If they do go belly up, it will take a while for FDIC to cover your CDs, and they will not cover the interest only the principle. Now Bank America has taken a very large position... I would have to look at the details of the plan, but initially, this sounds like one of the dumbest things I have ever heard. 1) Credit cards won't give you a high enough limit to buy real ... go to your financial adviser or to your bank financial representative,they will give a good advise ...my rule of thumb for this is to reduce debt if the interest rate on the debt is over 1/2 my long run average rate of return for the asset i'm thinking of investing in. I ignore taxes when I m... Try one of the " alternative energy" ETF's...PBW or GEX.. with the cost of oil staying high , other sources of energy are really being explored. ...sooo...what did u intend to ask??? it doesnt seem like a question to me...its like asking permission...and i wonder whom u were asking permission to invest here... any ways..i wush u good luck...... Get a CD from any bank and have option to deposit interest every month to your checking account. Buy a bond with monthly coupon payment. Get an annuity with monthly payment. ... |
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