Investing

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I just graduated from college, I have about $3,000 that I could use to invest. I've never done any investing. Can anybody please tell how I could invest so that I can generate a nice amount of money without taking too much risk? which company should I use? are mutual funds the best way to start? thanks

Best Answer

First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. Financial disasters like getting layed off or sick happen to all of us. Second, I would pay off all high interest debt. Pay off everything you can except the house mortgageand student loans. Paying off debt is one of the best investments you can make. You will have more money in the future because you won't have credit card bills to pay. Third, if you have money left, start investing in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be. Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work. Believing someone you met over the Internet and know nothing about is risky. Read these websites for further information.

If you came into a large sum of money how would you invest it? I think I would go with ROTH IRA's but you can only do $3000 a year and have to be making under $100,000 a year. Maybe throw in some mutual funds with that. What would you do?

Best Answer

Please, I implore you: Stay away from "wealth managers." These people are often scoundrels hired by large banks or other financial institutions to gain your confidence and then take you for lots of high unnecessary commissions and fees. Empower yourself to manage this money by learning. Read John Bogle's "Bogle on Mutual Funds." Bogle founded the highly respected Vanguard Group. Spend some time reading about investing, formulating your objectives, etc., at www.vanguard.com And then go to www.bobbrinker.com to unearth a world of resources about investing. Listen to this radio show weekends on any of over 200 major radio stations in the USA. If you don't have a station in your area, listen on WLS Chicago. www.wlsam.com This is the most important thing you can do: empower yourself to be your own investment adviser. You'll have one you can truly trust.

How much can a individual earn by using Scotttrade? Does Scottrade good? How to invest???

Best Answer

it depends on how wisely you invest your money. I just recommend you to read books about investment. studying economics is good for this kind of stuff.

Does anyone know how to invest money with a roughter?

Best Answer

If you want to know a bit about investing then check out the articles in Investing at http://www.hammocksurvivalguide.com/

ok look im a little kid almost a teen and i want to invest my money! How though i mean where do i go what can i do? please help thanks

Best Answer

There are many sites to go too.Try Clark Howard.com he has allot about investing and how to do it. hope this helps.