Comments on: What is the best way for a 22 year old to get started investing with little money? http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/ Thu, 09 Feb 2012 00:24:06 -0800 http://wordpress.org/?v=2.8.5.2 hourly 1 By: engineer50 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/comment-page-1/#comment-18768 engineer50 Tue, 08 Dec 2009 18:59:11 +0000 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/#comment-18768 Read "Investing For Dummies" first. Read "Investing For Dummies" first.

]]> By: JSAL21 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/comment-page-1/#comment-18769 JSAL21 Tue, 08 Dec 2009 18:59:11 +0000 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/#comment-18769 500 bucks should start in a money market fund. you can return 3.5-6%. keep putting money in until you get at least 5k. you can invest these funds then into a mutual fund, ETF or bonds. You said you were a long term investor so you are going to want to stay conservative. iShares offer many conservative ETF bonds, very interesting and all for reasonable expense ratio (fee). Check it out. 500 bucks should start in a money market fund. you can return 3.5-6%. keep putting money in until you get at least 5k. you can invest these funds then into a mutual fund, ETF or bonds. You said you were a long term investor so you are going to want to stay conservative. iShares offer many conservative ETF bonds, very interesting and all for reasonable expense ratio (fee). Check it out.

]]> By: smartyness http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/comment-page-1/#comment-18770 smartyness Tue, 08 Dec 2009 18:59:11 +0000 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/#comment-18770 Stay awayfrom the stock market! Find some friends that also have a few bucks saved up, pool it together and buy a house. You should only need a few thousand for a down payment. Rent the house out until it is worth more than you paid, then sell it for a profit. Stay awayfrom the stock market! Find some friends that also have a few bucks saved up, pool it together and buy a house. You should only need a few thousand for a down payment. Rent the house out until it is worth more than you paid, then sell it for a profit.

]]> By: Sugga http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/comment-page-1/#comment-18771 Sugga Tue, 08 Dec 2009 18:59:11 +0000 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/#comment-18771 you should start w/an IRA or CD. They usually have the best interest rates starting at $500. you should start w/an IRA or CD. They usually have the best interest rates starting at $500.

]]> By: robe http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/comment-page-1/#comment-18772 robe Tue, 08 Dec 2009 18:59:11 +0000 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/#comment-18772 Save 256 dollars a month in a mutual fund and you'll have one million dollars at age 62. Ignore people who advise staying away from stocks. If you dollar-cost-average by contributing consistently every month (just have it as a payroll deduction) you'll be so far ahead of the rest of your generation by the time you're halfway there that it won't even be close. Most don't save - so most have no relevant advice. My daughter has saved over 25,000 at age 25 and is on track to be a millionaire in her 50s. After you start your savings program above, THEN worry about securing a home/mortgage, but never before. Suzie Orman is a good show to watch on Saturday night for beginners. 9PM and midnight eastern. I'm excited for you planning this early. You will do well! You must choose, but I would especially advise, because of your age, going with CGM Focus Fund. CGMFX Save 256 dollars a month in a mutual fund and you’ll have one million dollars at age 62. Ignore people who advise staying away from stocks. If you dollar-cost-average by contributing consistently every month (just have it as a payroll deduction) you’ll be so far ahead of the rest of your generation by the time you’re halfway there that it won’t even be close. Most don’t save – so most have no relevant advice. My daughter has saved over 25,000 at age 25 and is on track to be a millionaire in her 50s. After you start your savings program above, THEN worry about securing a home/mortgage, but never before. Suzie Orman is a good show to watch on Saturday night for beginners. 9PM and midnight eastern. I’m excited for you planning this early. You will do well! You must choose, but I would especially advise, because of your age, going with CGM Focus Fund. CGMFX

]]> By: evermore http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/comment-page-1/#comment-18773 evermore Tue, 08 Dec 2009 18:59:11 +0000 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/#comment-18773 You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account. http://www-forex.spaces.live.com You can open an free Marketiva forex \gold\fund\indexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account.
http://www-forex.spaces.live.com

]]> By: sixoneurdun http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/comment-page-1/#comment-18767 sixoneurdun Tue, 08 Dec 2009 18:59:10 +0000 http://investing.hirby.com/what-is-the-best-way-for-a-22-year-old-to-get-started-investing-with-little-money/#comment-18767 you should open an IRA account if you don't already have one. does your company offer a 401K or any stock purchases. having money deducted from your check often saves on your taxes and makes it easier to build a nest egg. don't put all your money in one type of investment. it's safer. you should open an IRA account if you don’t already have one.

does your company offer a 401K or any stock purchases.

having money deducted from your check often saves on your taxes and makes it easier to build a nest egg.

don’t put all your money in one type of investment. it’s safer.

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