I am in my mid 20s, and have always been curious about how to invest and how stocks or mutual funds work.
I have thought of putting my money into the bank for a GIC... but they don't make you a lot of money and the interest rates are highest 3%-5%, and you can't move your money around.
A few questions:
1. If I wanted to invest as a beginner, which would have the most potential in having a higer return in the LEAST amount of time, stocks or mutual funds, or some other type of investments?
2. How much money should I invest?? I don't have tens of thousands of dollars at my age, but I do have some money saved up.
3. Should I go to a company? A broker? Or do it myself by reading and researching online??
Thank you :)
2007-05-14
14:35:14
·
10 answers
·
asked by
Anonymous
in
Investing