I am 19 years old and a college student. I won't need this money any time soon and am just looking to get in early with my money to start building up my portfolio and start building up my financials. Seeing as though I won't need this money anytime soon, I am looking towards stock mutual funds seeing as I can withstand flucuations in the market as long as it gets me a great return in the long run. I hear index funds such as Vanguard 500 index are a very good option to start out with. Just want to get some opinions as to what I should do with my money to allow it to grow and work for me. Don' really want to stick it in a 401K or any retirement accounts as I may need money from it to buy a home in 5-10 years and don't feel like taking that 10% hit to do that. So whats my best option growth wise and tax wise? Thanks for your help!!
2006-10-28
09:34:25
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14 answers
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asked by
Vic
2