My five year old wants to start investing. She has opened a savings account and I told her when there was a good sum in there we would look at investing it. Since the money she puts in will be her own (from Christmas, birthday, etc) I don't want it to be earmarked for college. Without a specific goal (college / retirement, etc) where would it be best to invest the money?
2006-11-16 15:12:45 · 8 answers · asked by junglekitty187 2 in Business & Finance ➔ Investing
I don't want something that I am going to have to actively manage or that carries huge fees.
2006-11-17 00:56:54 · update #1
Saving bond and mutual funds. Over time, they will be a significant investment for your child in the long run, even though you don't have a long term goal. Saving bond that you are able to cash after holding it for a year. and Various mutual funds has varies conditions applies to them. That way, you are teaching your child value of his/her dollars!
2006-11-16 16:29:31 · answer #1 · answered by jane c 3 · 1⤊ 0⤋
buy shares for it. but find out which shares are going up and which one down. if u can find out which company to buy from u can make loads of money. for example in october, googles shares were at 400 and now it has come upto 500. this means if u bought a google share for 400 last month u cud sell it now for 500 making a profit of 100. like wise, if u bought £1000 pound share in Racal ( a UK tech company which owns Vodafone) u would be a millionaire now. so analyse companies which r having good businesses and buy shares from them.
for more info on share prices go to yahoo finance...
when talking abt this i wud like to tell u that people make money in 2 ways when they buy shares. one is divident which is paid out of the company profits (mostly done by eldely people), the other way is through capital gains, this means by selling shares u have when it prices rise very high in the stock market. but this need careful analysis of the market.
2006-11-16 23:24:14 · answer #2 · answered by musa 3 · 0⤊ 0⤋
Find a good broker and invest on small-cap mining shares. There is a very big potential for the next decade. We are in a long-term bull market on mining industry.
2006-11-17 04:52:05 · answer #3 · answered by annuwilstech 1 · 0⤊ 0⤋
Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.
I am sure that you can get your answers in this website.
http://investing.sitesled.com/
Good Luck and Best Wishes!
2006-11-17 10:14:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The best place would be mutual funds.
Here's a page for finding a good good mutual fund to invest in:
http://www.best-stock-trading-systems.com/mutual_fund_ratings.html
2006-11-17 02:02:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋
good
u do it on her behalf
follow trend & swing with technical analysis
use aptistock freeware
or if u dont have time just keep investin in balalnce fund of modrate FOF
2006-11-17 04:12:19 · answer #6 · answered by dinu_pawar 5 · 0⤊ 0⤋
Buy fundamentally strong shares. it'll fetch fantastic returns.
analyst
http://www.moneytipz.blogspot.com
2006-11-17 00:44:45 · answer #7 · answered by Anonymous · 0⤊ 0⤋