Is it good for a 16 year old to invest in an IRA and start investing in mutual funds?

Want to have good money by 30’s or so
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Want to have good money by 30’s or so
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... 22 years old, and I have no idea how to invest and what to invest in? Ira's, Mutual Funds ... Invest in stocks will be the good option. ... ready to start investing ...
... invest in a poorly performing mutual fund. Investing in mutual funds is ... IRA is when you're young, with very little taxable income. A 16 year old who ... good time to start ...
... use that to invest in other things such as stock trading or mutual funds. ... Go buy "Investing for ... Is it good for a 16 year old to invest in an IRA and start…
Invest in mutual funds and ... besides IRA? Please explain the ins and outs of online investing to me!! (19 year old ... 2008 a good time to start investing in Mutual Funds?
Individual Retirement Arrangement, or, IRA: There ... make sense to invest in Roth IRA for the year ... American Funds as I am not familiar with them. A good source to start with ...
Mutual Funds; International; CAPS ... When you're investing for your IRA, don't ... from Bond account every year, 20% of interest, also invest $8000 because you start ...
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October 1st, 2009 at 7:00 am
It’s really cool that you are interested in savings. I also started before I was 20, and I kept it up and am living quite comfortably now.
The bad new is, you have to be of legal age to sign a contract like a brokerage agreement. That’s usually 18. Also, IRA money must come from job earnings, not gifts from family members or inheritance.
October 1st, 2009 at 7:00 am
your very smart to be trying to save money at your age..your a lot like my dad he came from not a lot but whenever he had money he would save it! you should defintley start investing in mutual funds it is a great way to increase your funds!
October 1st, 2009 at 7:00 am
No, it is not "good". It is absolutely brilliant.
Hate to tell you this, but you are getting old. Right now. Great snakes, only a year ago you were 15. A mere kid. But, in the future you will be 20 or even as old as 30. Kidding here, but if you start now, you will be a very financially comfortable person when you are as old as 30. Gets better after that. Follow you idea. Wish more did.