I am a 21 year old mother I wanted to know of any good investments?

Answer 1

try marijuana an 8th is going for 60 now

Answer 2

Wow! 21 year old mother with money to invest!!. You are a rare exception indeed. As one of your responders asked, do you already own a house? Although there are both pluses and minuses to owning a house.

For beginnining investors, a wise choice is often to begin investing in mutual funds for the long term 5+ years at a minimum. Over the long term they have in the past yielded returns of 10% annually. Some more than that. As far as investments go they are relatively safe although not completely so. They can have some very bad years. If you live in the U S and have only a small amount to begin with, American Funds is a fine choice. They have some excellent funds. $250 minimum with $25 additions. They do have a front end load--sales charge-- of 5.75% but they also have very low expenses which over time will make up for the sales charge.

If you have at least $2000 to invest, there are many opportunities in no load mutual funds. One of my favorites is PENNX sold by Royce funds. Excellent long term record. Bruce Fund is another. You can find both by doing an internet search. There are many others to choose from that are good also.

But remember this. Keep some money on hand in a bank account for those unexpected expenses.

Answer 3

The brain doesn't really develop until the 20's so you had a child when you were a child. Then your guy went do jail and it doesn't do much good for an ego to know that your choice of bf's wasn't so good, right? Seems to me that's quite enough to drag one down. So now your brain is mature and all those things you KNEW you could handle when you were a child you find weren't such good choices. You have the ability to get out of the rut. I'd encourage you to get a decision made about your bf. You can sneer at marriage and say it's only a piece of paper but it isn't just a piece of paper. It says, I'm an adult, he's and adult, we've made a choice and we're proud of it and we'll make it work. Second, think about another career. What do you really want to do, what are you very, very good at doing and figure out how you can support yourself and your child doing that. Communicty colleges are wonderful bargains have night classes available in many places and can get you a leg up. Go to your local job service and take an aptitude test if you haven't already and then plan your way into the field of your choice. Maybe you just take your bosses job???? Also understand that the myth that we can have everything is just that--a myth and a cruel one at that. Life is full of choices and limitations and those who learn to live with those can do well. Your question is vey important and thought-provoking. Thank you for writing it.

Answer 4

For a good investment i would stick to retirement plans but if you want to look at individual investments in which you can take out gains and spend it then i would stick the money in a bank and invesest in individual stocks, but never invest in the stock market if you do not know about it. Like I always say "knowledge is the best investment" so read a book on investing if you are interested in buying stocks.

Answer 5

A 401k is a must. But as far as risk-taking investments, the highest profit is usually through the stock market, but that requires a good solid knowledge base on the market. Less risky investments include savings bonds for your kids, CD's, and government bonds, but these generally yield a lower interest rate.

Something simple I did to save money is set up a savings account with Bank of America. They have a program called 'Keep the Change' where everytime you use your BoA debit card, the purchase is rounded up to the nearest dollar and the change is put into your savings. and they'll match your savings for up to a year. It accumulates quite fast.

Answer 6

Stocks are good. You can get in for less than $100 and learn a lot. You can buy one share from a broker, and then put it into a dividend reinvestment plan. The dividends go toward buying more stock, and then you can put in more money whenever you like, and you can buy partial shares, too. Read up on this through www.dripinvestor.com or www.moneypaper.com. Personally, I think you should buy stock in something you understand. I like Exxon-Mobil because I understand where gas comes from, and how it's sold, and it makes me happy to see all those people gassing up those SUVs, but that's me, personally.

Good for you that you want to get started in investing. Look up The Rule of 72 online to see how you can become a millionaire!

Answer 7

Before I would want to give you any investment advice I would want to know what your risk tolerance level is and your amont of discretionary income you have. I would suggest at your age and your current situation as a 21 year old mother you might be best of with more conservative invests that offer low risk like savings bonds, money market accounts, or CDs.


good luck!!!

Answer 8

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Answer 9

well, if you have the money it's easy .. if you live in the city .. find out the tread that rocks the retail market or better than that invent one ! basic i dea is to start a small business for trading and count on the stores profir to make it grow .. ofcaurse every business needs to be studied .. cost before and after the opening .. the advertisement and what's the estimated time to repay the capital.. u should study it before you begin. and by the way .. since you're amother you'd have more experience in kids needs and their accessories .. companies don't have a mothers knowledge so it's your chance to invent or trade in this line.

Answer 10

look up vanguard on their 800 number and they will help you, they are excellent and very cheap