Investments...?
I need some input... What is the best type of investment? ex. stock, bond, etc... What should I invest in? I should've made it more exact. I was thinking about investing $5 a week on something in a bond or GIC, or anything, and I am only 15, so i would have many years to invest and make my money work for me.
Public Comments
- money is important... invest only in bonds.. government bonds i bonds e bonds.. every thing else is a risk.. better to make a small interest and your investment is protected.. than to invest into a risk.. more times people have lost all with thease devices.. and your money is more secure on a crap table than some of thease mutual funds ok gilermo
- There is no "correct" answer. You need to consider your total financial situation, investment objective and time frame.
- Try a high interest savings account like ING. www.ingdirect.com
- A good stock market mutual fund with low cost structure is your best bet for the long term.
- At the age of 15 you really should be looking at stocks, but since your not familar with the market why not just open a mutual fund account Many young people such as you could look into the mutual funds or Exchange Traded Funds. One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges. Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. You can go to the MSN.Money website it has an entire section on mutual funds and Exchange Traded Funds. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing in general. You could also contact the funds companies for more information. I have found that Vanguard & Fidelity can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful. And remember, keeping you money in a bank or bank product is not investing. and don't let anyone tell you that you're too young to invest. I started at the age of 12 and have never once regretted it.
- try fundraising online http://hotshorturl.com/ok40
Powered by Yahoo! Answers