i am 20 years old and would like to know more about INVESTMENTS.?

Question

can anyone enroll in the ROTH IRA (is that the name), and what about BONDS. where can i get those?
please help.. really concerned about my retirement (even though i have along way to go... i think... )


--because everyone should be thinking about this... we're getting old people!-

thanks.

Answer 1

At the age of 20, you have a 40 year window (at least) to learn how to invest wisely. Forget bonds at your age. Go to a bookstore and pour over the 'beginners' books. Watch CNBC on TV for a feel of the game.

Learn the difference between the many kinds of investments out there. If you have money burning a hole in your pocket, put it into a CD or money market account until you educate yourself a bit.

Don't let anyone talk you into expensive mutual funds. Learn what the expenses are on ANY investment you decide to make. Expenses can greatly reduce your gains.

Learn the difference between Class "A", "B" and "C" funds before you invest in mutual funds. Learn what "no load' funds are.

Many of the larger firms have excellent web sites and can teach you a lot just for going in and doing the reading.

Some excellent sites are MSN money (CNBC), USA Today money, Forbes, Yahoo finance, etc. All of these sites have links to hundreds more. The large bank sites also have lots of information on investing ie. Citi, Bank of America, Chase Manhattan, etc.

Probably the best advice that can be given to a novice in this area is DIVERSIFY! (and look into ETF's *exchange traded funds*!!)

Good luck.

Answer 2

The library is the first place to start or Amazon. You need to read a couple of books on investing before you do anything else. For people just getting started in investing that do not want to spend a lot of time doing research, mutual funds are an attractive vehicle. But like all other investments there are good mutual funds and not so good mutual funds so you will still have to do a little research but the effort will be less than trying to pick sound companies to invest in.

You have already received a good response about Roth IRA accounts. Mutual funds will gladly set one up for you. If you wish to open a brokerage account such as with TD Ameritrade or another such firm, they will purchase some mutual funds for you though they may not market the ones you may be interested in. They do however handle a very wide selection of the more popular funds.

We are not getting old. We are old.

Answer 3

There are thousands of good books on investments. Buy a $12 dollar book and read it first before enrolling in an expensive course. By the way don' go for bonds, stocks are much better at your age.

Answer 4

You may enroll in a ROTH IRA with almost any broker, if you qualify. You need earned income, because you can only contribute from earned income. The amount you can contribute begins to decline if you and your spouse earn more than $95,000, if I recall correctly -- and you can't contribute to a ROTH IRA if your adjusted income exceed $150,000.

Answer 5

Read Rich Dad Poor Dad by Robert Kiyoski before investing

Answer 6

I suggest you to stay away from bonds.

You can open a Roth IRA at TD Ameritrade.

Top 3 Answerer in Business & Finance. (Vote for me)

Answer 7

reliable for you for searching ahead and planning on being to blame for your self. rich Dad, undesirable Dad, is a magnificent e book, and it were given the wheels in my head spinning as well! i'd notably notably notably propose that you proceed your examining into what to do. i'd prefer to symbolize that you also study "the total money Makeover" that's a good e book, and helped me out particularly. i'm 29, and properly on a thanks to retire with numerous million in my money owed. i understand that because you're taking an lively position in getting waiting on your destiny, you'd be a success, and get that purpose. Congratulations!

Answer 8

You can find a wide range of relevant investment understanding and guidance starting with the following links

http://www.investopedia.com/terms/r/rothira.asp

http://www.investopedia.com/terms/b/bond.asp

Put your additional search terms of interest in the Search box as they occur to you, and you can learn a great deal of investment basics.

[Caution: the green links on this site take you to sales sites.]

Best wishes.

And FTR, SOME of us are already ANCIENT! ;)