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Just looking for other peoples opinions…plz feel free to say anything thanks
by the way im in college also…and have a car and living in my same big room in my house I grew up in and hardly see my parents cuz i work everyday…
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What would you do with $55000 in Money Market Funds and CDs n 8500 invested in the stock market at 21 yrs old? Short term trading in stock market?
What would you do with $55000 in Money Market Funds and CDs n 8500 invested in the stock market at 21 yrs old? 16 year old needs advice on how to invest money earned from ...
I am 57 yrs old and I do not have a retirement invested. ... waived if you have money n their funds ... what to do with this money because I'm 70 yrs old, hate the stock market ...
It works for bonds, CDs -- any investment that you expect ... You can even use it for stock market investments if you ... regardless of how much money is invested ...
... and that invested funds ... savings, money market deposit accounts, certificates of deposit ... of your money in the market. For example, if you own a stock mutual fund it's ...
It's just OLD me with the 200K in CDs and a money market ... been invested in the market directly and also in mutual funds. ... stock funds. The 80-20 seems high, unless you ...
One of the best options is to do a 401k rollover into an IRA so you can control your money. ... She is 60 yrs old and its still up in ... one of the worst years in the stock market
MIKE: Hi, I am 59 yrs. old ... to invest in the stock market, you should be prepared to leave the funds ... across the G,F,C,S, and I funds. I do not need the money ...
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May 1st, 2010 at 1:04 am
first of all don’t think you are rich because of 55k and 21 yrs of age. 55k is a small sum of money. If I were you I wouldn’t spend it on anything but a house and then rent rooms to your responsible buddies. then next year buy another property and repeat. I own over 5m in real estae and each month I collect over 180k in rent.
May 1st, 2010 at 1:04 am
Since you have been born with a silver spoon in your mouth, you seem to have no financial worries. However, your character is entirely in your hands and will last longer than even your capital. Take good care not to take credit for your good fortune, and do not look down on others who have not been so lucky.
May 1st, 2010 at 1:04 am
Lucky guy, you should use it to invest in yourself (education or your own business, this is the most reliable investment you can make.
May 1st, 2010 at 1:04 am
In nowadays market crisis, If you would like to make money in the market and serious about it, you can google for HSFX Asset Management and start making consistent profits!
May 1st, 2010 at 1:04 am
Personally with the market having fallen so low I would put it all in stocks if I was that age ane working. Your job, the income, is your "safe" money and covers that part of your overall risk factor.
I think some great gains will be made in the next year or two. I just can’t say when.
Stocks normally return about 11% average annually. We already have had a 20% to years return in a single month. (we know we are down for the year) BUT I think more is to come.
And I would look at dividend paying blue chips (or a mutual fund that focuses on same) at these prices and at this time. At your age I would also have the dividends and gains go to you and not reinvested automatically, as your income tax rate is likely low at this point and you might need the money. But I also like the option of deciding when to reinvest rather than DCA in.
Good Luck.