Where should daughter invest $500?

Question

My daughter has saved up $500 and wants to invest in something for the short term to see how the market works. Any suggestions or thoughts?

Answer 1

buy an etf short term like

ewa
ewg

anything that starts with ew

Answer 2

She should invest in a company that she has an interest in. For one thing she will be more likely to see how her stocks are doing. Secondly she will get a yearly review from the company which she may find interesting. Be aware that if she is only investing $500 a relatively large percentage will go to the brokerage fee, and she shouldn't trade out very quickly (another brokerage fee). Another option would be to put the money in a CD and do one of the test investments at almost anywhere.

Answer 3

the straight forward answer is to open a Roth IRA in which you would be able to take out at age fifty 9 a million/2 or whilst she buys her first abode or for medical emergencies. even although, the money might desire to be derived from employment gross sales. you may additionally open a generally happening money investment account with checking accounting at a brokerage account at the same time with Charles Schwab with ATM card. the main suitable investment for little ones is as a rule shares or mutual money. My well-known is Vanguards finished international ETF this is an index of the international's inventory marketplace. maximum folk is with the manhattan inventory substitute, NASDAQ and the yank inventory substitute. Your even have Europe, Asia, Latin united statesa., Canada and the rising markets which provides on the spot diversification alongside with super cap, mid and small cap. The ticker is VT. Wait until eventually at last you have $2 hundred to take a place and dollar fee popular into the fund. you additionally can merely purchase the S&P 500 fund this is the main important 500 traded agencies in the U.S. with some foreign places. No credit enjoying cards except she has a job. study the common rules of finance. make investments a minimum of 10% or your earnings and study approximately sturdy investments with the least expenses. forefront is likely considered one of the main suitable and have the backside costs. The greater human beings connect the money the decrease the fee ratio turns into. ward off any money with fee ratios above a million% and don't open an account with an entire brokerage account at the same time with Goldman or Morgan Stanley. sturdy luck with the funds.

Answer 4

I'd suggest mutual funds - it invests in many stocks at once, so you're not putting "all your eggs in one basket." Since she's young and doesn't depend on this savings for her survival, she can probably go with a fairly aggressive fund - try one that offers international stocks.

Have her read up a little so she understands what all these different investment types are - the Complete Idiot's series is simple but very helpful.

Answer 5

Hi, i recommand you a good and basic tutorial for investing. it covers all Issues related to your Investing and everything around it.

http://www.investingtutorial.info/

wish it will help you.

Good Luck , Best Wishes!

Answer 6

i think she should invest in education first, she can either do courses or buy the books. choose if they are suitable for beginners. don't waste her money to invest in real trade

Answer 7

Gas. Lord knows that's where all of our money is going!

Answer 8

in her house.