i'm a student.next week i'll got my loans so i dont want to spend my loans to something stupid cos i like shopping.i want to invest some of my money to get returns.so that i can buy more stuff!haha :p but i just worried,i've heard that,in 2007,my country will got recession.i've been thinking,if that happen,will i be lost if i invest now or it wont change anything?i'm a finance student,so i want to be more familiar on this kind of thing.but,i would like to know that do recession effect the investment?
2006-07-23 01:23:44 · 8 answers · asked by me__mine 2 in Business & Finance ➔ Investing
Student Credit Card Debt Tops the List of Money Mistakes
College Student Mistake #1: Getting Into Credit Card Debt
In addition to student loans, the average undergraduate college student in 2004 had four credit cards and $2,169 in credit card debt. Final year students had the highest balances, at an average of $2,864. The average graduate student had $5,800 in credit card debt, according to Nellie Mae, the nation's largest maker of student loans. At interest rates of 15 to 18%, you may be paying off this credit card debt into your 30s and 40s
Use your student loan money to finance your education, not your lifestyle
Tuition, room and board, and textbooks are smart ways to spend your student loan money. Eating out, buying CDs, clothes, going on spring break, or otherwise bankrolling your social life, are not. You'll be paying these loans off for ten to 20 years, so use the money wisely.
The Bottom Line
Smart use of your money and your credit in college will enable you to spend the money you earn when you graduate on things you really want (a new car, a nice apartment or house, a great wardrobe, travel, or whatever) instead of all your disposable income going towards debt repayment
2006-07-23 01:37:32 · answer #1 · answered by twofingers_69 3 · 1⤊ 0⤋
You are a finance student and want to use student loan money to invest?
I would change my major if I were you because you will make a poor employee in that field with decisions like that. Of course, Enron had financial experts that practiced this concept such as you infer and they are out of business and some in jail.
2006-07-23 03:11:37 · answer #2 · answered by -* 4 · 1⤊ 0⤋
If you don't need the money to cover your school costs, I suggest not taking on a student loans altogether. If you want practice on investment strategies, why don't you use something like marketwatch.com. The amount you will be paying in originiation fees will take a while to be recovered by CD returns.
2006-07-23 02:46:01 · answer #3 · answered by chkmstra 1 · 0⤊ 0⤋
check out
http://www.fool.com/investing
http://www.fool.co.uk
http://www.everyinvestor.co.uk
http://www.investopedia.com
and use them to learn more about these sort of things
Judging by your question, I'd say you'd be pushing your luck a bit to invest short term, especially with the traditional brokerages which charge you around £10/$10 commission fee every time you buy or sell a stock.
However, you might be able to get away with investing long term (10 / 20 / 30yrs) via a sharebuilder account from
http://www.sharebuilder.com (US original version if ur in the US)
http://www.halifax.co.uk/sharebuilder (UK franchise if ur in the UK)
With carefully chosen stocks for the long-term, such as:
US market (through sharebuilder.com):
Anheuser-Busch (BUD)
Walmart (WMT)
Toyota (TM)
H&R Block, Inc (HRB)
Great Northern Iron Ore (GNI)
The Yankee Candle Company, Inc (YCC)
Canadian Pacific (CP)
Union Pacific (UNP)
UK Market (through the UK version):
Kelda Group (KEL.L)
Severn Trent Water (SVT.L)
National Grid (NG.L)
Debtmatters (DEBT.L)
BHP Billiton (BLT.L)
Royal Bank of Scotland (RBS.L)
Though you should research these tips further yourself, rather than just take my word for it....... but they all earn DIVIDEND (look up the meaning yourself...... you should be learning these things), which you can reinvest in more of the stocks, so your entitled to more dividend next time it's being paid out.... which you can then reinvest into yet more stock (and so on).
You might also find these books useful..... not read 'em myself, but it looks like they have potential:
"Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The Worlds (Paperback)" + "The Intelligent Investor Rev Ed. (Collins Business Essentials)"
2006-07-23 04:41:17 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Figure out how soon you will need the money then put it into cd's. They won't mature until a certain date, they are super low risk, and you can't spend the money.
2006-07-23 01:27:52 · answer #5 · answered by Not Tellin 4 · 0⤊ 0⤋
first of all..where are you from?
....
2006-07-23 02:58:14 · answer #6 · answered by Tarumi 2 · 0⤊ 0⤋
It always keeps a guess.
2006-07-23 01:27:07 · answer #7 · answered by · 5 · 0⤊ 1⤋
its ur choice, why we?
2006-07-23 01:29:37 · answer #8 · answered by Anonymous · 0⤊ 1⤋