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Bridgetown Botanicals Shop: Bridgetown Botanicals

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InvisibleMistaUNGA
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Registered: 10/01/06
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Loc: Kalifornien, im Süden...
Thoughts on investing??
    #7421858 - 09/17/07 10:54 PM (16 years, 4 months ago)

I just turned 20. By my 21st birthday, I want to be regularly investing money I earn. I wish to devote at least $100/mo to my future.

I'm interested in mutual funds, but don't really know much about them, nor other types of investments. Right now, the best I could do would be putting my money in a CD account and locking it away for some time.

I am willing to entertain the idea of something more volatile yet with a higher ROI.

IRAs, S.E.P. IRAs? Anybody care to explain?

I've always been pretty good with money, just haven't been educated properly on retirement investment. Thoughts?

Thanks

...:peace: and much :heart:...


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:gc:
Madtowntripper said:Or just give her a cloroform soaked rag and tell her it's ether!


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InvisibleBrainiac
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Re: Thoughts on investing?? [Re: MistaUNGA]
    #7422017 - 09/17/07 11:43 PM (16 years, 4 months ago)

Save up to $5000( only 4900 more to go ) then buy a CD. Shop around for good seven month cd around 5% with a high rate of return every mouth. When it comes do buy another seven mouth cd and repeat.

This link has some good info
From http://clarkhoward.com

Buying savings bonds and treasury bonds can be tricky, so it's important to stay up-to-date on rates and returns. Here are some suggestions:
# If you may need your money in a few years, it's more important to choose less volatile investments.
# Good options for people with an investment window of five years or less are bank certificates of deposit, short-term Treasury securities and money-market accounts.
# For a great deal on CDs, shop online at bankrate.com and other financial sites.
# A good strategy with certificates of deposit is "laddering" - buying certificates of different maturity and constantly rolling over the funds.
# Money-market accounts from online banks or, money-market mutual fund accounts from brokerage houses, pay significantly more than money-market accounts at traditional banks.
# If you have an investment window of 5 to 10 years, try short-term bond funds or "balanced" funds, which own both stocks and bonds.
# Tax-free municipal bonds generally are a good idea only for investors in the top tax brackets.


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:cool: Fair is Fair :devil:


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OfflineHelixx
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Registered: 06/07/07
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Re: Thoughts on investing?? [Re: Brainiac]
    #7422059 - 09/17/07 11:59 PM (16 years, 4 months ago)

I think you might be interested in stocks. Honestly, watch mad money with Jim Cramer on CNBC. http://en.wikipedia.org/wiki/Mad_Money should have showtimes etc etc. Basically he explains how to make good investments, what his current picks for rising companys of the week etc etc, and then takes calls for a few minutes, and answers callers on his opinion of their stock choices.


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InvisibleMistaUNGA
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Registered: 10/01/06
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Loc: Kalifornien, im Süden...
Re: Thoughts on investing?? [Re: Brainiac]
    #7422065 - 09/18/07 12:02 AM (16 years, 4 months ago)

Good ideas, thanks.

...peace and much love...


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:gc:
Madtowntripper said:Or just give her a cloroform soaked rag and tell her it's ether!


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Invisiblezorbman
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Registered: 06/04/04
Posts: 5,952
Re: Thoughts on investing?? [Re: MistaUNGA]
    #7422843 - 09/18/07 09:28 AM (16 years, 4 months ago)

Looking at my avatar should tell you what I think you should invest in.

Actually I recommed silver coins over gold- gold just makes for a nicer avatar. The silver American eagles are recommended or any coin printed in english. You can thank me later.


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch


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Bridgetown Botanicals Shop: Bridgetown Botanicals


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