I want to know the best opening to invest my money?
im 22 and about to leave for bootcamp to serve within the u.s. navy. i know it wont make me rich but know bad have expendable money to play with. does anyone own any ideas for me.
Answers: cd's (allthough the rates are low) and mutual funds for more of a longer term investment
The Navy Credit Union will probably enjoy the highest saving rates around. If you are simply in for 1 hitch, that's the least risky. If you won't obligation the money for about 10 years or more, a well diversified mutual fund from Vanguard (vanguard.com) or T. Rowe Price (troweprice.com) is devout. Stay away from real estate investments that some people will suggest, they are unbelievably "hands on," hard to do from the middle of the Gulf of you know where on earth.
The government version of a 401k retirement program is call a TSP, Thrift Savings Plan. The L plan has target retirement funds to invest in. They are all right diversified and good for those not knowledgeable roughly speaking investing or don't have the time for keeping close track of investments. Invest in Ford Motor Company (ticker symbol: F). Hold it for 12-24 months.
Invest contained by Smith Micro Software Inc (ticker symbol: SMSI). Hold it for the big ride through 2nd half of 2008. Sell in 2009.
That should take your feet wet near some nice profits. Outside of that, put most of your money into an index fund that mirrors the S&P 500.
1. education
2. fitness
3. your own home
4. CDs
5. Mutual funds/ETFs
6. Self improvement books
high-ranking return account or real estate(more risky)
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Answers: cd's (allthough the rates are low) and mutual funds for more of a longer term investment
The Navy Credit Union will probably enjoy the highest saving rates around. If you are simply in for 1 hitch, that's the least risky. If you won't obligation the money for about 10 years or more, a well diversified mutual fund from Vanguard (vanguard.com) or T. Rowe Price (troweprice.com) is devout. Stay away from real estate investments that some people will suggest, they are unbelievably "hands on," hard to do from the middle of the Gulf of you know where on earth.
The government version of a 401k retirement program is call a TSP, Thrift Savings Plan. The L plan has target retirement funds to invest in. They are all right diversified and good for those not knowledgeable roughly speaking investing or don't have the time for keeping close track of investments. Invest in Ford Motor Company (ticker symbol: F). Hold it for 12-24 months.
Invest contained by Smith Micro Software Inc (ticker symbol: SMSI). Hold it for the big ride through 2nd half of 2008. Sell in 2009.
That should take your feet wet near some nice profits. Outside of that, put most of your money into an index fund that mirrors the S&P 500.
1. education
2. fitness
3. your own home
4. CDs
5. Mutual funds/ETFs
6. Self improvement books
high-ranking return account or real estate(more risky)