I'm 21, and looking to be aggressive with it. I'd like to look at index funds, EFTs, or maybe mutual funds.
Anyone have some good things to look at or research up on?
If someone could persuade me to go bonds or CDs, I'd like to hear what you have to say, too.
I don't want to start a Roth IRA yet; in about a year, when I should be receiving a salary increase, I'll start contributing to the max on that.
Right now I have a 401k too-American Funds.
More info:
-I have no debt
-I'm open to either a long term investment plan, because I don't want to have the urge to touch it but understand that I might have to if it's an emergency
Invest in McDougal in the 3k.
The advice over here wasn't good enough?
start a ROTH IRA
mcgato wrote:
The advice over here wasn't good enough?
http://www.letsrun.com/forum/flat_read.php?thread=2000062
Not sure how I overlooked that thread. Thanks.
want aggressive?
Oil has gone from 63 to 72 in a matter of weeks.
Gold has gone from 678 to 644 in the same period.
stocks are even better...
DNDN has gone from 4 went to 24, back to 15, then to 22, then to 6 then to 4, then back up to 13, and back down to 6, then back up to 8, today. All in the last 4 months.
seriously, buy some Dendreon, hold it, wait for a pop, then sell. Its like stealing.
If you're looking to take risks buy derivatives
give it to me, I wont let you touch it.
take your 3000... and throw in on the yanks tonight
Start the roth!
You want agressive? Put it on one roulette spin at the casino sissy-boy...
I love peeps wrote:
want aggressive?
Oil has gone from 63 to 72 in a matter of weeks.
Gold has gone from 678 to 644 in the same period.
stocks are even better...
DNDN has gone from 4 went to 24, back to 15, then to 22, then to 6 then to 4, then back up to 13, and back down to 6, then back up to 8, today. All in the last 4 months.
seriously, buy some Dendreon, hold it, wait for a pop, then sell. Its like stealing.
Dendron? Come on you told us to buy dndn when it was at $18. Yes it is a risky investment, but the first rule is don't invest in something you don't know well. So unless you know biotechs well don't invest.
Plus they are getting sued by stockholders over that 60% drop in stock price.
But if you want to be aggressive you can always invest in stocks, do your research. If you sign up for etrade, ameritrade, whatever you will have access to tons of tools (S&P research, Reuters, Credit Suisse, sabrient, jaywalk, etc etc). These tools will help you get started. Plus if you want to be really aggressive you can trade on margin, but I wouldn't recommend that until you get a bit more experience.
Missed your chance, you should've bet it on yourself against Ohio State.
Chris Leak wrote:
More info:
-I have no debt
-I'm open to either a long term investment plan, because I don't want to have the urge to touch it but understand that I might have to if it's an emergency
With just $3,000, you should start a Roth IRA as has been mentioned.
Make sure you contribute at least to the match if your employer provides a 401(k) plan. If you aren't doing that, use the money for everyday expenses and contribute to the match.
If you aren't working now but have earned income of $3000 for the year, I would set up a Roth IRA.
Inside the Roth IRA I would do a top down approach and invest in different asset classes.
Since you are young, I'd start with a total market index for about 70% of the money and about 20-25% in developed international index and the other 5-10% in emerging markets index. You can do this with ETFs or by going to a company that offers no load low annual cost index funds.
The advantage of the no load index funds is that you won't have to pay a commission each time you continue to invest in the coming years. The disadvantage is that you won't be able to sell each day, but most people are better off not trying to sell each day. But it is a good idea to look at the annual expense of the firms index funds and compare it to an ETFs from say Vanguard. For example, look at VTI vs the firm you invest with total market index. You may need to create a spreadsheet and look at the costs over the years.