The best way to become wealthy is to start young because your money has more time to compound. $10,000 deposited into your baby's trust fund, earning 10% per year ...
You have always heard it, "You need to start investing your money when you are young." It's the truth! The best way to make sure you do well on your investments, no ...
Investment management services, Financial Advisor, Family Investor Dick Young. Our investment management, financial advisors keep up on the economy, the markets, and ...
Investing Tips For Young People– What You Should Consider. by MD ... Let’s take a look at investment opportunities that 20-somethings could potentially ...
U.S. Investment capital shows a preference for North American equity markets in November. In November, the assets of U.S. investors have flowed into North American ...
Initial public offerings are always an uncertain investment to an extent, with ... key allies in the mobile sphere, has decided not to include the company's new ...
success of investing young; success tips for young adults; successful investing & money ... Even if it’s investing in index funds, at least by researching whether or not ...
Current Issue - January 2012. Last year was certainly a tough one for the market, and there's no doubt that many investors are happy to turn the page on 2011.
So without much delay, let's know some of the best investments for young people. IRAs Although, an IRA may be called too early an investment for young people, it ...
Justin T 5:08 pm on April 1, 2010
It really depends on what your interests are, but if you don’t want to be an active manager of your own account, a mutual fund would be a place to start. Figure out what you can put away monthly, and committ to that. That is a great way to develop the habit of saving. At your age, compounding your money even at 10% will grow pretty big by age 40. There are calculators that will give you an answer if you know how much, how long, and the percentage.
To start off with, though, make sure you don’t have any credit card debt when you invest. That is the surest way to make 10-20%, the interest that you don’t pay to someone else.
Stay away from annuities right now, they are difficult to access if you need the money for a purchase. I would stay with an open account.
Becca 5:08 pm on April 1, 2010
I would stick with something solid right now like CD"s. Wait until after the election then do Mutual Funds. Annuity’s are also good. Invest as much as you can afford each month in a special acct. then apply to your investment. Also because of your age you might want to look into IRA’s (tax deferred) and also a HSA which is a Health Saving Plan it has some tax advantages also. Always diversify!!
Eli L 5:08 pm on April 1, 2010
One thing is for sure the younger you start the better you will end up! There are lots of calculators online that can show you theoretical rates of return. Just start reading Yahoo finance for all kinds of ideas.
One thing to keep in mind is risk. Savings accounts are very low risk but have low or even negative returns once you take into account inflation.
I personally like dividend paying stocks with established track records. At your age if you put a few thousand into stocks that pay dividends (and you opt to have them all reinvested) then you will see your wealth grow almost automagically. The dividends which are paid make more shares and with your time horizon it has lots of time to compound.
Personally I like the following companies at the moment. O (realty income corp, they pay monthly dividends!) NLY solid dividends there too along with an affordable share price.
You could also go with any number of mutual funds but beware of high fees.
As for how much to invest. I would say all that you can while still living a comfortable debt free life. The more you save the better off your future will be and the better you will feel.
bizzbagg 5:08 pm on April 1, 2010
i would go with 100% stocks, but first read the following books. they will help you out a lot ok.
1) the intelligent investor
2)security analysis
they are both written by Benjamen Graham. he taught Warren Buffet at Columbia U. he is alao known as the "father of Value
investing"
newjerseyguy 5:08 pm on April 1, 2010
Start with mutual funds rather than the stock market. Educate yourself first on investing – there’s a bunch of good books from basic (like the "Dummies" series) to advanced.
And don’t take anyone’s stock or fund tips from web sites like this!!