i recently graduated from college, and as i begin working I want to start putting aside around $2k/year in mutual funds.
i have the initial $2k right now, but which type should i choose and does anybody have recommendations for me?
thanks
i recently graduated from college, and as i begin working I want to start putting aside around $2k/year in mutual funds.
i have the initial $2k right now, but which type should i choose and does anybody have recommendations for me?
thanks
penny stocks..GSIEF.pk closed at .043
FICDX Fidelity Canada. You'll need 2500 initial investment. It's up 24% YTD.
FEMKX up 26%.
The list goes on. Many need 2500 initial. Sometimes more, sometimes less. Do a little research on the funds' histories.
Check it out:
http://finance.google.com/finance?q=FICDX
http://finance.google.com/finance?q=FEMKX
You can be more risky as a young pup because you have more time to make up for mistakes. Don't get one of those pansy-ass funds that makes 6-7% a year. If inflation is 3% then your gains are only worth half as much at the end of the year.
I trade with Zecco.com.
Good luck.
thanks for the advice...if needed, i can actually invest up to around $3000
Buy etf ticker VTI.
Total stock market index. It is boring but that is the best way to go.
Buy AAPL and hold it. This stock is going to rip over the next year or two.
Buy BTO... It is at $9.10/share and pays 10% minimum return (This year stated 11.54%).
U r young and therefore can absorb risk - put it in the vangaurd total market index (not sure of ticker)
Do not try to pick stocks etc. You will get your ass handed to you eventually (i.e. u could win quite a few times and then lose it all).
Sweet question. A fly trap for FPW. I'm sure he'll be along any moment to tell you all about how to invest it.
Someone should start a silly financial thread everyday to keep that dude busy and out of the interesting conversations.
Yes, FPW will reply but, as a long-time investor, his advise appears to be reasonable.
With that being said, the first thing I would recommend is to educate yourself in investing. There are hundreds of books and articles on the subject.
Secondly, I would recommend a no-load mutual fund. Fidelity or Vanguard offer many such funds.
As your fund grows, you can balance or diversify the principal amount into other no-load funds.
Be patient and watch your investment grow.
Good luck!
Just for the record, I have invested since high school and now in my mid-50's and have been more than reasonably successful.
Do what I do: stick it under my mattress.
just dont invest into virginia intermont. disaster.
If you're serious, do a little homework on dividend reinvestment plans (DRIPs). You can avoid most ALL fees and commissions and have control over what you own.
Companies like Johnson & Johnson, Exxon, GE, and Pepsico all have DRIP plans and are in different industries. You can put $500 in each right now - just make sure to reinvest the quarterly dividends, it adds up huge over time.
i would invest in an exchange traded fund. look it up. You can invest in a mutual fund that invests directly into the DOW or S&P500. Easy to follow, good yearly returns
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