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Investments?

I am a single mom and college student, i would like to invest some of my pennies but don't know where to even begin. Where and how and what would be a good starting point for me? I am sorry, when i said pennies, i did not mean literally pennies..lol..i could maybe spare 1-2 k.

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i have been trading in the stock market for over 35 years. i have found that 99% of penny stock are losers. therefore you would lose the pennies you now have. and there are a lot of scams out there ready and waiting to to take your few pennies. wait until you have at least $500.00 before you try to invest any money. but also be careful of the scams. buck
First thing you can do is use your college library. Go and find some books on investing. Start off with a book or two explaining what investments are not how to ( ie: investments for dummies). Another good idea is to start or join an investment group. You get now fewer than 5 no more than 8 people together who all put money into an account and invest the money. 8 people investing $50 a month is a lot more buying power and returns than one persons $50.
Do you mean pennies literally? And you are a college student? About the minimum that is worth bothering to invest is about 25000 pennies and that about the absolute bare minimum. You really should accumulate about 250000 pennies before beginning. Here are a few sites to check out. They are mutual fund sites. This has a minimum of $250 investment with $25 subsequent. It has some really good funds to choose from but its expense ratio is higer than with the other two which have a higher minimum. http://www.americanfunds.com/default-home.htm About a $2500 minimum http://mutualfunds.troweprice.com/?rfpgid=10875&scn=Mutual_Fund_I_Want_to&origins=prospect http://www.roycefunds.com/funds/index.asp? Use a few of your pennies to purchase a copy of "Investing for Dummies". That will provide you with really good background on investing.
Congratulations for starting down the investment path. Being a single mom and a college student probably doesn't leave you with much at the end of the month, but here's a few tips to get started... First, pay off your credit card debt, if you have any. At 16 or 18 percent interest, this is the first thing you would need to do. After that, start paying yourself first. Save at least 10% until you have a couple of thousand saved up. Then, invest in a large or mid-cap indexed fund. As you save more, keep adding to it. Before long, you'll have a nice tidy sum. ///
One way to save is to have no debt. Pay off any credit cards. I would consider a money market account at your bank for starters. This would preserve your principal and you should earn approx. 5% interest. After you have accumulated monies that would cover 3-4 months of expenses, then consider no-load mutual funds.
Hi i'm Ariva, greet but u do not need that much money for investment. if u r interested u only need to invest around US $ 480/+. please contact me at ariva81@yahoo.com.sg
Invest in Exchange traded funds: Exchange traded funds or ETFs are mixed investment tools that use the trading flexibility of individual stocks along with the diversification advantages of mutual funds. ETFs have features that make them attractive to investors looking for a cheaper method to enjoy wide exposure to certain sectors of the businesses. They are similar to mutual funds but are better due to various reasons. ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). http://debts-to-wealth.com/category/Why-Invest-in-Exchange-Traded-Funds.html
IMO, you should keep your money liquid until you are done with college. There are all kinds of unexpected expenses that may arise. Baring that, if you want a free primer on long-term investing, I have a free downloadable book. I cannot list the site, since Yahoo considers it "spam". Just go to my profile (click on my picture) and then use the email option. No, I am not a financial rep nor am I selling anything. I am actually a pharmacist, believe it or not.