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I want to invest some money, what are my options? |
I'm a 19, single, working adult. I have always been interested in investing some money. If you don't know what to do, just open a CD for now. You can easily get 5% yield right now. Ford stock is cheap and they are merging with GM I think if I had extra cash I would buy Ford stock! If you want something that is low risk then invest in a CD (certificate of deposit) with a good rate at your local bank. Those are short or long term. That way your money will earn interest without you having to do anything. Parking your money in Mutual Funds is one of the best ways to invest. Even though there is certain amount of risk involved in it like market risk, liquidity risk, interest rate risk etc, but the risk which you feared of is certainly not there as Mutual Funds are thoroughly regulated by the Government. I think you should invest money in your education (only if interested) or may be you could invest it in shares. I could be a good way to earn money and a great time-pass invest in EFTs exchange traded funds, better than mutual funds no fund manage no fees they mirror major indexes, look at QQQQ, SPY and DIA very safe and should get a good return, I would do SPY only or QQQQ and DIA www.emigrantdirect.com |
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Start by saving your money in a savings account. Develope good habits with your money. In the mean time, you should educate yourself about the stock market. Buy a book or better yet, visit my blog.... Dear Jordan: This is indeed a very wise thing to do. You can start investing at 15, though you'll need your parents to open a custodial account for you (ie just drag one of them to a comput... Of course there is. IGN bank is one. Currently paying 4+%. US tbills is another currently paying 5%. Both have web sites. ...At your young age, it's refreshing to see you care about important matters like helping out your family and looking to get returns better than what savings accounts pay in interest. Go abou... Inflation is continually eating away at your principle at about a 4% rate annually, sometime more infrequently less. Then on top of that there are taxes which eat away at the income your principle... This is Yahoo!, not the freakin' oracle. You need to provide more information if you want any kind of an answer. ...It is better invest the amount in your name and keep your grand son as nominee or as a joint holder. See that your name is first and the other name in 2nd place. If you invest in this way, there ... I think these articles will help: How to Find Good Stocks That Will Survive 2008 Market Crash ... |
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