I am wanting to get into stocks and bonds, however I don't have a lot of money but would like somewhere for my money to gain interest and grow moreso than an average "savings" account. I know a little bit about how to do stocks but bonds I don't. I'm a college student and would like to know which would be better. I read an answer about bonds that helped me out about what it is, its sounds like a certificate of deposit(i know it isn't, but is it comparable?) They were talking about if the interest rate changes and the bond is fixed at a percentage, and the interest goes up, of course money is lost. Is there a bond that allows flexibility with the changing interest rates or is that the whole scheme?
By the way, I've got some money backed away in savings, but how much is usually needed to start out on this stuff(bare min.)? Thanks so much!
2007-12-24
06:22:52
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6 answers
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asked by
kalli w
2