Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Begin by learning the basics of how Stocks work.
I had Vanguard STAR fund and sold it for a nice profit. Vanguard is also known for low MER's. Look for funds that have no front-load on it. In other words, no commision.
Do you have your retirement accounts maxed out already?
I guess I am not as ready as I thought. I need to do more research before I dabble in investing in individual stocks.
Really! The Star fund is far more reasonable to start with. The fees are higher than the index funds but the return seems to be better. $1000 is doable.
I am currently contributing 12% in my 401k. My company contributes 6% of the total amount.
Do you have a 401K, Any IRA account? Your age? What is your goal?
Yes. I am contributing 12%.
No
37
I want to increase my wealth to make my life a little easier in the future. It is not necessarily for retirement. I have entrepreneurial aspirations in about 8-10 years.
Yes. I am contributing 12%.
No
37
I want to increase my wealth to make my life a little easier in the future. It is not necessarily for retirement. I have entrepreneurial aspirations in about 8-10 years.
Yes. I am contributing 12%.
No
37
I want to increase my wealth to make my life a little easier in the future. It is not necessarily for retirement. I have entrepreneurial aspirations in about 8-10 years.
If I were you, I'd take that $500 and invest in your education.
The best way to grow your income is education. $500 gets you one semester in books. That's $500 less in loans you'll need (or, $500 to broaden your horizons).
$500 over 8-12 years is a pittance. I'd rather see you invest that into more ways to earn more money in the future as your own boss. Learn how to make a business marketing plan, market research, etc. Learn how to beg for startup capital in the worst economy in 80 years.
I get dividends on some of my stocks. And they are put into my account quarterly or yearly as cash.
In the program where you buy shares directly from a company, without commissions, any dividends, are used to buy more shares.
8-10 years puts you at age 45-47. I see no problem with that age being too old to begin entrepreneurial aspirations.
I will look into that. Dividend stocks? Is there another type? I thought the purpose of investing was to yield dividends. I like the idea of buying stocks directly from a company and eliminating the middle man. However, I am a little concerned about keeping track of the paperwork. I have some much to learn.
I will start with the Star Fund. I was told I can transfer to index funds in the future if I choose.
I think I may be able to squeeze out another $1000 to invest in stocks. I like REITs and precious metals. The literature that I am reading talks about investing in funds as opposed to individual stocks. The minimum initial investment for funds are so high. I want to find an Apple or Google type of company in its infancy and get in while the stocks are cheap.
I am leaning towards franchising as a possible way of becoming my own boss. It will be my second career. I am very excited about this possibility.
Thanks.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
