what should i wasted in.
2006-11-26 14:20:28 · 11 answers · asked by Jesus T 1 in Business & Finance ➔ Personal Finance
Save it for your college bills. It's never to early to start saving for college. Investing in education is a premier choice.
2006-11-26 14:25:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
J T,
put some money in a saving account for 'Real Emergency' not the newest electronic game. 40%
put some money in a goof off account - no strings attached. 10%
give some to the religion of your choice. 10%
invest some long term mutual funds - no touch for 5 to 10 years. 30%
the rest take to a bookstore - no e books- get
48 days to work you love.
what colour is your parachute.
think and grow rich a blacks choice.
the millionaire next door.
financial peace revisited.
rich dad poor dad.
the richest man in babylon.
NOW important read these, take notes, highlight, underline , put your own words to the pages, understand and ACT on the information you get from them.
this will return ten to twenty five fold and you'll out pace your friends in many areas and never become a slave to debt like most working poor people do.
2006-11-26 22:42:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would definitely go for a CD unless you are familiar with stocks and bonds.
I recommended my 13 YO nephew ask the big investment companies for programs designed to teach young people about investing in stocks and bonds. I think Charles Schwab has one. I would study that before forking over any money in stocks or bonds.
If you do try stocks and bonds start with mutual funds which are diversified (this spreads risk which reduces the chances of something really bad from happening to your investment).
2006-11-27 00:28:45 · answer #3 · answered by flight_square 1 · 0⤊ 0⤋
Here's an easy way to remember for almost any person in any scenario no matter how large or small the amount of money. Put some, say 10%, into an easy to access liquid account like a bank savings account. Put most of it into a high rated mutual fund with no upfront fees that also has checks associated with it. Here's the main category of mutual funds and which to use... High risk, highly aggressive, high tech for young people. Medium risk for middle aged people. Lower risk for older people.
2006-11-26 22:26:21 · answer #4 · answered by New Millennium Minds 3 · 0⤊ 0⤋
I would suggest a Roth IRA account if you are truly interested in investing these funds. Otherwise, open a money market account at your local credit union (find one in your area for which you qualify for membership at www.ncua.gov). Make sure that they will pay you interest on your money no matter what the balance! Good luck! It's great to see younger people interested in investing rather than just spending all of their money!
2006-11-27 12:21:39 · answer #5 · answered by Inquisitive125 3 · 0⤊ 0⤋
Invest in HYIP (High Yield Investment Programs) Simply deposit an amount into an account online and wait 30 days for a return of your money and profit.
2006-11-27 00:14:33 · answer #6 · answered by Jacoby 2 · 0⤊ 0⤋
I would put that money into a mutual fund - look for the words "stock index". You can expect to earn 8-10% per year and I don't know of anything higher than that.
2006-11-26 22:37:42 · answer #7 · answered by dm_dragons 5 · 0⤊ 0⤋
Anheiser Busch / Wal-mart
2006-11-26 22:32:59 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Start investing and have that money make you more money !!!
Sooooooooooooooo simple !!
You can open an account with something like scott trade and teach yourself.
2006-11-26 22:28:37 · answer #9 · answered by Kitty 6 · 0⤊ 0⤋
I would look into stocks and mutual funds for the long haul
2006-11-26 22:24:51 · answer #10 · answered by John L 1 · 0⤊ 0⤋