Money to invest ....?

Question

If you had $350 a month to invest what would you invest in?

Answer 1

$350 a month is a great amount to start with. Heck i started two years ago dripping Exxon mobil at $50, Aqua america at $50 a month for a whopping $100 per month. You can buy them direct, without a broker, from http://www.equiserve.com/

95% of the people in the US can't afford $350 a month.

Before you invest:
1 Pay Off all credit cards and debts (not your mortgage)
2 put at least 3 months (better would be 6 months) net wages in to a high interest savings account like www.emigrantdirect.com at 5.05% currently

then investing your $350 a month:

I would go for a fund likeVTI Vanguard Total Stock Market Index Fund that emulates the total stock market with no load(fees) maybe $200 in to it

Then a little more risk and more return in something like EFA iShares MSCI EAFE Index Fund, it's a europe-asia index find. $150 in to that.

There are lots of options just watch the load on the funds, you are already taking a $4 or $8 hit every month.

I'd do it through an online discount site like share builder, www.sharebuilder.com investing in two funds like this will cost $4 per investment per month so $8 bucks on top of your $350 if you do both or only $4 if you alternate between each, each month.

Answer 2

I think it is great if you can get into a pattern of saving $350 every month. By the time retirement comes, or kids' college, you will have some good money set aside. If you invest $350 each month, then you probably want a mutual fund that does not charge any upfront fees. Scottrade offers a bunch of no-fee mutual funds that you can buy if you open an online trading account.

You could also just put your $350 in each month, and then when you have around $3000 saved up, then buy a stock. Before that, do a lot of research. Study a bunch of stocks until you find the one that is a great buy. Read "The Little Book that Beats the Market" to learn the principles of value investing. Go to http://www.top10traders.com to see what the best investors are buying and selling.

My stock suggestion to you is TWRT.ob, they make wind tower support structures. Here is a link:

http://www.top10traders.com/ViewPost.aspx?postID=82

Good luck!

Answer 3

Honestly, $350 is too little to invest. You can invest in stocks that trade below $5/share, but with $350 you do not have much flexibility.

Answer 4

I would go to ( bobbrinker.com ) and find a radio station in your area carrying his Money Talk Program and listen to people who invest all the time and learn from them. This program is a must for beginners.

Good Luck

Answer 5

I recently invested in a networking business for $500. It seems to be working pretty well for me, and am able to work with one of the top leaders (he retired at age 29). He's helping me run the business successfully, and I'm hoping to do the same for others as well! Feel free to message me if you're interested and I definitely wouldn't mind helping you. :)

Answer 6

Check out www.investlikeme.blogspot.com. It is a blog for beginner investors. The author shares his current portfolio and you can invest with him using twitter.

Answer 7

In stock market
infy ( infosys tech. a indian company, NASDAQ listed, part of index 100 stocks )

Answer 8

Get a Scottrade account with $7.00 trades..... A great dividend stock is ACAS , or AHR , VZ and let is ride for years......

Answer 9

IF ?? Dang !!! I do 4 times that... and I do mutual funds within several IRA's, individual stocks and individual mutual funds.

You gotta start somewhere so jump in anywhere and keep doing it!!!

Answer 10

How about yourself if you don't have your degree!! No matter what happens, no one can ever take away your education.