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What is the best way to invest money if you have no long term goal? |
My five year old wants to start investing. She has opened a savings account and I told her when there was a good sum in there we would look at investing it. Since the money she puts in will be her own (from Christmas, birthday, etc) I don't want it to be earmarked for college. Without a specific goal (college / retirement, etc) where would it be best to invest the money? I don't want something that I am going to have to actively manage or that carries huge fees. Saving bond and mutual funds. Over time, they will be a significant investment for your child in the long run, even though you don't have a long term goal. Saving bond that you are able to cash after holding it for a year. and Various mutual funds has varies conditions applies to them. That way, you are teaching your child value of his/her dollars! buy shares for it. but find out which shares are going up and which one down. if u can find out which company to buy from u can make loads of money. for example in october, googles shares were at 400 and now it has come upto 500. this means if u bought a google share for 400 last month u cud sell it now for 500 making a profit of 100. like wise, if u bought 拢1000 pound share in Racal ( a UK tech company which owns Vodafone) u would be a millionaire now. so analyse companies which r having good businesses and buy shares from them. Buy fundamentally strong shares. it'll fetch fantastic returns. The best place would be mutual funds. good Find a good broker and invest on small-cap mining shares. There is a very big potential for the next decade. We are in a long-term bull market on mining industry. Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions. |
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