Localfund.com - All about Fund and Investment
*Home>>>Online Investment

拢100 every week - how should i invest it?


I've decided to take the plunge and start making investments. It may sound ambitious but I'm hoping to make my first million by my 30th birthday - if not significantly earlier. Hopefully, some of you share my ambition.
I'll be starting a part time job purely for this purpose and investing all of the money i receive from it: per week, approx 100GBP (197USD, 134EUR).
In terms of time investment: I study so its difficult to trade (on the FTSE) during the day. But I can manage about 2hours maximum daily. I have a decade to work with before im 30 :)
A good magician never reveals his secrets - so i'm not asking for your best tricks :) Just general guidance.
My initial plan was: to invest 75% in funds (long term, high risk, international); and 25% i would use to trade online so i can get some first hand experience on the ebb and flow of the markets.
I like reading so any book recommendations will also be appreciated. Now reading: The Intelligent Investor

I made a bit of an error in the above. The balance was 75% (mixture of long term AND high risk AND international funds)
Apologies.

I am in the same boat. I started by joining a local investment club. Where people come together and we all bounce ideas off of each other. I'm not sure of where you are but here is a website to get you going:

www.betterinvesting.org

My advice is to find a club or start one which can help because there are lots of people that are willing to learn. I am actually in two clubs and in the process of starting my own. Also get your own portfolio going and try stock fantasy websites where you can play with fake money and see where your choices takes you. Here are a few:

http://www.fantasystockmarket.com/youngm...
http://www.wallstreetsurvivor.com

Happy Investing

THX!!!

sound good but just leave it there til you need it!
Not a bad way to go

A lot of people think we're heading for a crash. The US is piling up incredible levels of debt, and every other major country are the creditors. It's gotten to the point where the dollar is losing its value. If (or when) China and Japan and the UK decide to pull the plug, to stop lending the US any more money, there will be a crash in all the major stock markets of the world.

So if it was me I'd put everything in something relatively low-risk and low-yield for now.

But I do admire your plan. Even if you don't become a millionaire at age 30, you will be able to retire early and comfortably. Not many young people are that forward-thinking.

Tags
  Personal Investment   Pension Fund   Pecunix   Online Investment   Online Business   Offshore Investment   Mutual Fund   Money Market Funds
Related information
  • Where do you find schedule F of form ADV part 2 on the SEC website?

    The SEC is very tricky. Go to where it says ADV and when that comes up double click on where it says Schedule F. It is in the 1st few pages that you found. Actually the first page, where it says...

  • What should i do for creating my own free site to do free add placing?

    You can find online and offline data entry jobs at ...

  • Is Carbon Copy Pro the way to go???

    Carbon Copy Pro is a direct marketing system designed to promote the company called Wealth Master International. It requires near $2000 to join plus monthly fee that can add up to over $100. You ...

  • Is there a home based buisness that actually works and is consistent?

    If you have been researching this for two years, then you have definitely been doing your homework and I commend you for that. If I had done that much research before hand I probably wouldn'...

  • Stock Market Virtual Game Help?

    If you think you can win with just some steady, rock solid returns...go with MCD ( Mc Donalds), UTX ( United Technologies), BA ( Boeing), MO ( Phillip Morris/ Altria),GE ( General Electric). If yo...

  • Are recruiting agencies that charge job seekers any good?

    Reputable employment and recruiting agencies are paid by the company looking for the employee. Any agency the asks for money from you is more or less scamming you.

    ...
  • What do you think of the following MLM? Any comment? WOuld you consider?

    No its not ok. It is ok when you join and pay your hard earned and then sucker someone else in joining after you. Have you ever heard of pyramid schemes. Thats what these are. If you want to make n...

  • The make-拢70,000-in-your-first-mon... ads on ebay?

    Probably a spam But I use two that are proven not to be spam There are sites that pay you for doing surveys, free trials, and stuff like that. There are very few reliable ones... but I kno...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster