I'm graduating this year. (Thank God) I'm reading all these articles about how saving early is a really good idea. I've been learning the basics about stocks, bonds, 401k plans etc. As of right now, I'm making $300/2 weeks and when summer comes along i will be making $470/2 weeks. Any ideas on how i should get started on investing to make money and saving for expenes,house, retirement?
2007-04-03 08:54:43 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
If you have a 401K plan at work and they contribute, put as much money as you can into that. Many companies will match a percentage of what you contribute - that's free money. The downside is that you can't dip into that money without paying a penalty until retirement.
If your company doesn't offer a 401K, try a Roth IRA. It's like the same thing but you can often get a little better return on your investment and you can take money out without penalty.
2007-04-03 09:06:16 · answer #1 · answered by RcknRllr 4 · 0⤊ 0⤋
Consider starting your own small business. I am a forex trader located in Texas, but I also trade for clients outside of Texas. If you save up $2000.00 contact me and I could help you invest in your future. It's great that your are taking the initiative to learn about investing and saving your money. We need more like you. Do some research on forex trading.. forex.com is a good website.
2007-04-03 15:44:36 · answer #2 · answered by Marcus 1 · 0⤊ 1⤋
Hi..
Go here and download this report..it discusses compounding your return..very interesting..and free.
http://www.tutorhelp.com.au/millionaire.html
2007-04-03 19:51:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
YOU READ AND LEARNED AND NOW ASKING Q/A ABOUT INVESTING? WOO HOO..
2007-04-03 10:00:53 · answer #4 · answered by cork 7 · 0⤊ 1⤋