Want invest for my child to help towards University fees etc...Prefer low annual charges and easy to manage long term (over 10 years) investment plans. Please advise.
2006-07-08 13:05:38 · 5 answers · asked by Peacelilly 2 in Business & Finance ➔ Investing
Any investment companies that can offer what I am looking for?
2006-07-08 13:06:46 · update #1
If you live in the US, check out 529 plans. They earn interest without taxes (kind of like an IRA) but can only be used for educational purposes. The assets in the account can be invested in anything - mutual funds, individual stocks, etc. Your best bet would be to go to a specific company, like Vanguard, which has low management fees. There are other plans but they have limits on the annual contribution or allow the child access to the money for any reason at age 18. I think it's great that you're planning ahead for your child's education. It shows thoughtfulness and love. Good luck to you both.
2006-07-08 13:13:14 · answer #1 · answered by CarolO 7 · 0⤊ 0⤋
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
2014-09-22 06:21:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you are a UK tax payer then the answer is simple.
Open up a maxi-ISA and put a monthly amount into buying FTSE 100 index shares, usually referred to as iShares.
The management fees are quite low, for example £25 per year via www.selftrade.co.uk, paid quarterly.
You can invest up to £7000 per annum and by investing a fixed amount each month you take adavantage of something called pound-cost averaging.
Over the medium to long term you should average a return of about 11% per annum. To achieve this you need to re-invest all the dividends you receive.
Financial advisors will try to steer you in the direction of various funds but all of these will incur much higher management fees, usually without any commensurate uplift in performance to offset this.
2006-07-08 13:28:32 · answer #3 · answered by CeeVee 3 · 0⤊ 0⤋
Carol O is right. Each state has a 529 plan. There is a tax advantage right off the bat. You are contributing pre-tax dollars. Look at the 529 plan in your state. Also, go to Clark Howard.com to find out which ones he thinks are best. I suggest that you select a plan that invests in "No-Load" mutual funds, which, in turn, invest in high quality stocks and bonds.
2006-07-08 15:00:44 · answer #4 · answered by ? 6 · 0⤊ 0⤋
I suggest you to open a brokerage account at Scottrade.
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2006-07-08 17:37:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋