Well, I am 19 and I am working in a factory as of now. I still live with Parents. I am wondering what is the best Bonds to invest in at my age (if that matters even) and fits my lifestyle right now?
2007-01-09 05:36:37 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
Any reason you want to invest in bonds? At your age you can live with some higher risk items like mutual finds.
2007-01-09 06:34:01 · answer #1 · answered by NYC_Since_the_90s 6 · 0⤊ 0⤋
If you are a 19 year-old factory worker, it is very unlikely that you want to invest in bonds...unless, you are rich and just working at the factory as a hobby. I must assume you are really interested in stocks. Huge difference.
For the record, bonds are certificates representing a debt, either from the federal and local governments, municipalities or from corporations. Bonds are usually purchased in quantities of $10,000 and more. U.S. Treasury Bonds are considered the safest of all certificates, except for CDs.
If you want to invest in the stock market and don't have $5000 or more in a savings account, you should start with mutual funds that invest in stocks - not bonds. This can be a great savings account for you because it can increase the value of your money. Stocks are certificates that represent a fraction of ownership of a particular company.
If you don't have any experience or someone in your family to guide you, a good mutual fund, such as the Fidelity Fund, is a great way to get started. You can start with $500 and add money to your investment account (or take money out) on any business day. Mutual funds buy stocks and bonds in large quantities. They share the profits and losses with all of the investors who own shares of a single fund.
For an initial education, go to :http://www.fidelity.com or call (800) FIDELITY and order their investor's guide. You should study their website and literature for a while before you invest. You are onto something that can change your life. Don't put it off.
Hawk
2007-01-09 06:34:33 · answer #2 · answered by equityhawk 2 · 0⤊ 0⤋
i am investing in I Saving Bonds at treasurydirect.gov they do not pay a lot of interest but if you start young and invest monthly you can accumulate a good amount when you turn 50 or 60 years old. By the way i think you are doing an awesome job by thinking this mature for your age. I know people who are 50 years old and do not have any savings nor investments.Starting young is the key for a better future. Good job
2007-01-09 05:44:39 · answer #3 · answered by xoxo 2 · 0⤊ 0⤋
Any yield under 7% is a negative investment, because inflation and taxes will eat up the worth. That leaves most U.S. bonds out of the picture. Look into foreign bonds.
2007-01-09 06:32:47 · answer #4 · answered by gregory_dittman 7 · 0⤊ 0⤋
go to treasurydirect.com, there your can find out all about savings bonds. you can buy a 50.00 dollar bond for 25.00 dollars.buy 1 bond a month or more if you can afford it. there a good investment....good luck
2007-01-09 11:48:39 · answer #5 · answered by flguy48tc 3 · 0⤊ 0⤋