If I am a young investor hoping to save $ for college and beyond, what is the best type of investment for me?

Clark Howard (who has a daily radio show about how to save money and spend less) would say to get Student Loans because the money you save now and invest elsewhere will benefit you more long-term than if you spend it all on the cost of College.

My first suggestion would be for you to start a ROTH IRA account and get your retirement started way early. The most you can put in is 4000.00/Year and I think it may go up to $5000.00/Year. It's after tax, which means tax free when you take it out at retirement(Much better than Traditional IRA) and what YOU put in(not interest earned) I believe can be taken out at any time without penalty since it's put in tax free.

Below is a great site to browse.

A Roth IRA is the absolute best idea. Please check it out-you can get one through any major bank. I suggest MFS.

It depends on how much you have to start. If it is 1000 or less you should consider a CD for now until you have saved more. when you have more then go to your local bank's financial advisor. They will help you with what options are available and how best to save for college. They are free and an excellent resource. I would suggest a smaller local bank because their advisors usually provide better service to small investors.

The general rule is do not do anything risky with short term money. Saving for college sounds short term, so I think you should be conservative, and save in a money market fund or a certificate of deposit. You will not get huge returns, but your education money will be safe.
Your education will actually be your best investment. After you graduate and get a good job, start investing long term. Then you can invest in stocks or stock mutual funds. They always have a risk of going down (like they did today), but will probably do better than anything else long term.

http://money.cnn.com/magazines/moneymag/...

Check out that website, it is really good starting point when learning about money and financial goals...

http://www.thesimpledollar.com/ - It's a blog, with A LOT of useful information, email him and he can give you some great advice about investing. He's not an expert just a guy with a lot of valuable knowledge as he also is trying to save and invest for his future.

Good luck.

Tags

　　Make Money 　　Low Risk Investment 　　Long Term Investment 　　Investor 　　Investment Fund 　　Investment Trading 　　Investment Strategy 　　Investment Services

Related information

Explain how, as an average investor in stock, you might use an option call or put or otherwise use options to?

Investors in options rarely exercise the options. They usually sell the contracts instead of exercising them. They can be used to gamble on the price of the stock or to lessen risk. There are ...

Has anybody read Rule One Investor?

Don't bother. Too many rules to follow and it's impossible to find a stock that fits all of them. I went through Value Line (about 2,500 stocks) and found only 5 that fit all of his cri...

How much equity to grant investor in an internet startup?

Internet start-ups are somewhat risky ventures. I don't think there is any hard and fast rule that can be used. A lot depends on how good a negotiater you are. As the previous answer mentio...

I am a new stock investor... How can i decide which shares to invest in... wht key things to see while?

cycle can be learnt by driving it with a occasional falling from it. similarly dealing in shares can be learnt by investing through observation of the market,reading financial dailies/jounals such...

How do I find a investor for our small business?

A good place to start is from your family, relatives and friends. There are two ways to get outside cash into your business. Take a look at two entrepreneurs balancing the eternal choice between...

Which year has seen an investor boom in real estate and which area has been better real estate or stockmarket

Tired of the "It's always a great time to buy real estate" Industry line? Get a current opinion on the real estate market from a local San Diego real estate broker w/27 Yrs experi...

James smith the real estate investor??

Never heard of James Smith, but I'll bet a paycheck his ideas are as worthless as Carleton Sheets'. Most of those real estate seminars are simply to encourage you to buy their books &...

I need info to find investor site that tracks short stock positions?

Yahoo! Finance has short information (# shares short current and prior month, short ratio, and % of float). It's on the "Key Statistics" page for each stock. Here's an example...