What is the best style for a highschool senior to invest their money?
i have roughly speaking 1500 dollars i have made from working and i want to put most of it toward college. what should i invest my money within that is farely stable and get decent interest rates? stocks, bonds, cds, ?
Answers: Hello,
Don't invest within stocks. The risk to lose your money is too high.
I hold invested in my friend's business and immediately I am getting guaranteed 40% annual interest. You may email me for more information http://answers.yahoo.com/my/message_do?k...
I wish you nouns!
First of all, be really careful. There are various people out nearby willing to "help" you invest your money for a tax of course. Although $1500 is greatly of money (Congratulaitons on saving that much) it is not much within the way of investing. If you reflect on you will not need the money for a year or two after put it in a money bazaar fund that has a moderate growth rate; not one to be exact real aggressive. A great place to do this is www.vanguard.com Vanguard is a great company that have been around for plentiful years and offers tons ways to invest. Your local bank then again is an ok source but you won't get to hand the rate of return like you will at Vanguard.
Hope this help
Since you are going to need it surrounded by the next year or so, I would recommend investing it within CDs from your local bank or credit federation.
Stocks and bonds are potentially risky and if you are going to need to achieve you money back surrounded by the next year or so, the cost of buying and selling would drink up any profits you may make.
Most bank or credit unions will allow you to buy a compact disc with a permanent status of 3 months, 6 months, 12 months, 2 years, 3 years, etc. At my credit union (Mountain America Credit Union, www.macu.com) the going rates are between 4% to 5%.
This might be above your go before, but answering this question give me some Yahoo points, and if you can understand me, might lend a hand you invest profitably. Ok, here goes.
If you can permit go of your money for two years or more, consider buying the KBW Bank index ETF. Doing this is resembling taking your money and investing it in dozens of US edge stocks all at once. US bank have gotten hit strong because of the subprime mess. You'll get instant diversification, at cheap prices, contained by an industry that will return to quality. Buying at cheap prices presently means you'll probably catch to sell at lofty prices later. If it works out, that's more money for you down the road. In the meantime, you'll catch some nice dividends every three months.
Remember, there are two parts to making money within investing... capital gain and dividends (or interest). But only buy if you can hold for at lowest possible two years. You're gonna have to offer the banking industry some time to verbs itself up.
Ticker symbol: KBE
Hope this helps.
try http://www.goldenbullstocks.com
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Answers: Hello,
Don't invest within stocks. The risk to lose your money is too high.
I hold invested in my friend's business and immediately I am getting guaranteed 40% annual interest. You may email me for more information http://answers.yahoo.com/my/message_do?k...
I wish you nouns!
First of all, be really careful. There are various people out nearby willing to "help" you invest your money for a tax of course. Although $1500 is greatly of money (Congratulaitons on saving that much) it is not much within the way of investing. If you reflect on you will not need the money for a year or two after put it in a money bazaar fund that has a moderate growth rate; not one to be exact real aggressive. A great place to do this is www.vanguard.com Vanguard is a great company that have been around for plentiful years and offers tons ways to invest. Your local bank then again is an ok source but you won't get to hand the rate of return like you will at Vanguard.
Hope this help
Since you are going to need it surrounded by the next year or so, I would recommend investing it within CDs from your local bank or credit federation.
Stocks and bonds are potentially risky and if you are going to need to achieve you money back surrounded by the next year or so, the cost of buying and selling would drink up any profits you may make.
Most bank or credit unions will allow you to buy a compact disc with a permanent status of 3 months, 6 months, 12 months, 2 years, 3 years, etc. At my credit union (Mountain America Credit Union, www.macu.com) the going rates are between 4% to 5%.
This might be above your go before, but answering this question give me some Yahoo points, and if you can understand me, might lend a hand you invest profitably. Ok, here goes.
If you can permit go of your money for two years or more, consider buying the KBW Bank index ETF. Doing this is resembling taking your money and investing it in dozens of US edge stocks all at once. US bank have gotten hit strong because of the subprime mess. You'll get instant diversification, at cheap prices, contained by an industry that will return to quality. Buying at cheap prices presently means you'll probably catch to sell at lofty prices later. If it works out, that's more money for you down the road. In the meantime, you'll catch some nice dividends every three months.
Remember, there are two parts to making money within investing... capital gain and dividends (or interest). But only buy if you can hold for at lowest possible two years. You're gonna have to offer the banking industry some time to verbs itself up.
Ticker symbol: KBE
Hope this helps.
try http://www.goldenbullstocks.com