Friday, January 15, 2010

Smart ways for teenagers to invest?

i heard that there are certain mutual funs that teenagers can put money into and if it gets a good rate of return and sits there for 30 years they can get up to 1 million dollars. if anyone knows anything about vangaurd mutual funds





(http://flagship.vanguard.com/VGApp/hnw/F鈥?/a>





could u please tell me how they work and whats required to invest? thanks.Smart ways for teenagers to invest?
Vanguard is an established and extremely reputable family of funds. To begin with, they offer only ';no load'; funds which means that you will not be charged commissions or any number of hard to find additional fees. They are also well known as having the lowest annual operating fees in the business. Over a long period of time, you will be surprised about what a difference this makes.


I suggest that you call their 800 number and discuss your needs with one of their investment associates who can make recommendations and send you material that you can read up on. They are great sticklers in promoting investor education, and I believe that you will find their advisers understanding, patient and helpful. You already have their web site which has loads of info.


I have been in and out of 100s of funds over forty years and do not hesitate to say that Vanguard is a very good choice in starting your investment program. I currently am invested in their Windsor fund and think that it is a good, conservative long term growth vehicle.


But check all this out for yourself, and, best of good fortune!Smart ways for teenagers to invest?
Vanguard is a reputable company, and there are others ...


http://www.fidelity.com/





Research other investment companies, and ask about Annuities





I messed up and squanderd it all ... don't do the same
best way is to stop spending money
If you invest consistantly into ALMOST any mutual fund you'll have over $1mil. Use this savings calculator to help you figure it out. You need to put aside around $350/mo.





Stick with a modest and historically well performing mutual fund. in regards to the person who said ';salesmen all get commissions'; on mutual funds. Salesmen for homes do to. You simply stay with two different mutual funds. Invest consistantly (the same amount and the same time every week or month). Real estate is a good investment but much more difficult to manage and much more costly if something ';goes wrong';. By the way if you put $65k in a mutual fund 13 years ago you'd be a multi-millionaire today.





Check it out: http://apps.nasd.com/investor_Informatio鈥?/a>





Slainte,





-D
in my opinion u shd invest in buisness in which u r head of d deppt n i know if anybody wants to earn money than he or she faith on itself not on others,,,,,,,,,
i dont know
Open the Roth IRA first through Online broker or like scottrade, Etrade, Amritrade. Study how to invest the right way. Yes you could become a young millionaire if you safe early and often.





yes, you should learn 3 things:





fundamental analysis( economic report,management,competition,... tell you what to buy





TECHNICAL ANALYSIS( CHARTS+ technical indicator) tell you what to buy





sentiment analysis (bull/bear ratio, put/call ratio) tell you how moody investor can affect your investment too





Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.





http://www.pathtoinvesting.org/index_fla鈥?/a>


http://www.stockcharts.com


%26gt;...http://www.streettalklive.com%26gt;... university. a lot amount of information. It will serve you well


I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:





fundamental analysis==(economic data,finincial health, management, business model, competetion)%26gt;%26gt;what to buy





technical analysis==(chart+indicator)%26gt;%26gt; when to buy





Sentiment/schycho analysis==%26gt;%26gt;mood of investor, Contrarian point of view.


Market cycle===%26gt;%26gt; check out book Trader Almanac by jeff hirsch will give you inside stuff


When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live





At the age of 32. my 401k is amassed 71,000.00 and 30000.00 in taxble account. by follow simple rule
WOW a sensible teenager with cash to invest... I wouldnt trust any funds as the salesmen all get commissions and they invariably wont pay out... save your cash and put a deposit on a flat, a house... bricks and mortar are the best long term investment as house prices normaly double every 10 years i bought one for 65,000 13 years ago and its worth 260k now
The key is ';if it gets a good rate of return,'; but know that mutual funds are stocks and could crash at any time losing your investment. Yes, compound interest will work in your favor over the next 30 years and yes you can become a millionaire but I would suggest a guaranteed savings plan that you continue to add to for the next 30 years. Your mutual funds could pay you 6%, 8% or 12% or could earn you 0%. If you are looking for a really good book about money, check out the books by Suze Orman. She writes in simple down-to-earth terms about money, investments, insurance, and other topics that will get you educated enough to have a secure future with your money. Develop good money habits now while you are young. The best advice that anyone can give you is to diversify so don't stick to one fund or one stock or one brokerage firm. Surely you have heard the expression, ';don't put all your eggs in one basket.';
Hey i dont know much about investing but u can work part time or as a freelancer for many jobs, why dont u check out my profile and then u can earn some money by working on ur own!





all the best :)
Pick an Index Fund. I can't remember all Vanguards funds off the top of my head, but I have the Index 500 fund, kind of pricey though at over $100 a share. Look for their Total Stock Market Fund.

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