What should i invest in?

Question

im 18 and i wanna invest $50-$100 per month to some type of investment..so by time im 21 i'll have something back..

Answer 1

To be honest, 3 years isn't a long time in investing. The safest would be a money market fund. Currently paying around 4-5%.
Your money is pretty safe.

Next would be a "total stock market" index fund. That would track the performance of the whole stock market. If the market did well, you'd do better than with the money market. If it did poorly, you'd lose money.

For a money market fund, look as Fidelity Cash Reserves.

Answer 2

You don't say why you want to invest. That is always the question you need to ask before you ask the "what" question.

If you want to become an investor, and not just a saver, I would really suggest that you spend that money on an investment education. There are really good books out there, and they can set you on a road of fun and enjoyment like few other things ever will.

So my answer is invest in your own financial education.

I am personally a great fan of Robert Kiyosaki. And no, he is not "the property man". What he does say, is build a business, and let the business fund your investments. And property could be a major part of your investment portfolio.

He also says, "get a job for what you can learn, not what you can earn". Get his or somebody else's books, read them, and do what they say. If you want to become a business owner, Kiyosaki recommends that you join a network marketing company with a very good training and mentorship programme.

Above all, have fun.

Answer 3

I'd recommend the stock market. You can buy exchange traded funds (essentially mutual funds that trade on the stock market) which will allow you to own a small amount of stock in a large number of companies (this is safer and means that you don't have to go through the trouble of doing research on individual stocks.) Two funds that track the S&P 500 (the 500 largest US stocks) are the SPDR fund (SPY) and the iShares fund (IVV).

One note-- because of comissions you might save up and buy stock about once a year.

Answer 4

Buy a mutual fund that invests in blue chip dividend paying stocks. Put money in each month and not to worry about the up and down. Good luck.

Answer 5

At such a young age, now is a great time to open an IRA or some type of retirement account. You may not see large growth now, but when you go to retire, those extra years will really pay off.

Answer 6

Save your money and invest in gold because the dollar isn't going to be around for long.

Answer 7

If you believe in global warming, then you should invest in wind energy. Here are my favorite stocks in this area:

http://www.top10traders.com/ViewPost.aspx?postID=61

This link is from http://www.top10traders.com - this is a free site that lets you see how your stock picks compare to other investors. Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Hope this helps, and good luck!

Answer 8

Open a brokerage account at Zecco and invest in the ETF DIA.