Im talking about something besides a 401k and a savings account, something that would be a good starter off economic investment that would gradually increase profit over time. I don’t know much about stocks.
For the smart mouth below im already in college, but college doesn’t necessarily mean you”ll be taking care of. Nowadays you need a backup.
investing tips
Comments
Real Estate. Prices and interest rates are both low.
Open a No Load Mutual Fund Account with a brokerage such as Fidelity or any other.
You can open an account with 250 and arrange automatic deposits of 50 a month. They all offer funds that invest in different companies.
bottled watter, canned food like cambels soup, soap bars/liquids, the moist towelets, shoes are the only things that will have any value in the future.
Once you get about six months of expenses in savings and have all of your debts paid off, think about buying a house! You can get a first time buyer tax credit, and many low-priced deals are available.
If you keep your expenses down now, you can live like royalty and/or retire early later.
Well - Don’t put the 401K and the savings account ‘IRA’ off the table. The best first things you could do would be to contribute, indeed maximize, a 401K if that is an option.
Also - you can open an IRA. Presumably you don’t make over 100,000 yet, so you should qualify for a Roth IRA - a great investment. I would go online, maybe try SCOTTRADE.COM and see the Roth IRA investments. A great place to start.
stock market investment strategy
This is entirely a subjective question…
I started my first business when I was 19… You could start a business, since you mentioned profit.
It also depends how much time you want to invest.
If you want to invest little, then you will want a situation that is highly managed for you, such as mutual funds.
If you want to do all the work yourself, and have lots of time, then maybe you want to get into day trading or penny stocks.
If you’re into real estate and have time, then you could buy and sell real estate.. the options are endless. It all depends on the amount of time and resources you’ve got to invest.
think drys stock is good investment because once the economic market is pick up many different countries will buy more commodities and it will need shipping than the stock will increase.
the stock is undervalue right now why wait. Many analysis company such as JP MORGAN CHASE CO think drys is a buy, if you search online about the other this company many investor also said is a buy.
Silver and Gold. The price of each will increase drasticly over the next couple of years due to the fact that silver and gold are money and paper is currency. The more Ben Bernanke and the federal reserve inflate the dollar the higher the price of silver and gold will reach. Gold is expensive right now and silver is undervalued around 18.50 an ounce. The price changes every day. If you want to invest in silver or gold you can either buy physical silver and gold today and sell it next year when the price doubles or you can buy into the trust funds. I buy silver coins and gold coins and have a lot invested in SLV which is a ticker that represents the price of silver. You can use scottrade to invest in SLV.
You don’t have to take my advice but im sure if you do a little research you will find a ton of other reasons why I invest in silver and gold and why you should aswell.
