What's a good investment vehicle for someone desiring to be wealthy and have only $50-$100 per month to invest

Answer 1

VFINX. The vanguard S&P 500 index fund. No load, low fees outperforms most managed funds. Buy it and forget it until you cash it in later.

Answer 2

You don't mention your time horizon, but I'll assume at least 20 years.

Open an IRA with Vanguard, T Rowe Price, Fidelity or similar company, and invest only in index funds with very low management fees (less than 0.4%) and no front or end loads.

Vanguard offers a range, including their Total Stock Market and S&P 500 funds.

All these funds have a minimum; you have to have that much cash to start saving. With Vanguard, if your total amount in a fund is less than $10,000, you'll also pay an annual fee of $20 to cover administration - they'll waive that if you agree to receive all documents by email.

Vanguard does not charge for trades in or out of their funds.

You can set up an automatic investment to take the $50 out of your bank each month - this is a great way to save regularly. Make sure you also elect to have dividends reinvested, so that you keep your money growing.

Answer 3

On $50-$100 a month, you're not likely to become wealthy. But if you start young and put that away into a 401K or an IRA, you should have a comfortable retirement.

Mutual funds can be as reliable a place for reasonable growth as any. Pick a fund with a good record for growth over time.

Answer 4

things with wheels tend to depriciate in value not appreciate like real estate or gold might. I would invest in metals like gold, they might fluctuate a little here and there but over all will appreciate compared to a car. the price of gold has gone up considerably over the last couple of years, proving to be a good investment. or put money into an intrest bearing account, which you can go into a bank and tell them what you want and what your budget is and they can tell you what your options are. I would not buy a vehicle to try and make money, it will probably end up costing you in the end, unless you really know cars and can find a steal on a historical car that you intend to restore. but overall I don't think it is not a good idea, you won't make as much money as you think if any at all. Any way you look at it, when you are looking to make money by investing in something you are not going to just strike it rich over night. you need to play your cards right, and not put all your eggs in one basket.

Answer 5

You might try flickr they historically perform well and they recently gained browser level exposure. I have heard from several sources that they are a good investment, also look at Bershire Hathaway they have an outstanding history and are very adaptive to market changes, pleasantly diversified, they are a perenial favorite of large and small investors, third recommendation would be Spiegel, a retailer coming out of the shadow of Brookstone, they recently launched an appealing advertisement campaign, that effectively should give it summer dominance in it's niche. Good Luck

Answer 6

You aren't investing enough to consider much besides a well-diversified mutual fund. I would consider VTSMX (Vanguard total stock market index) instead of VFINX, as suggested by another poster. VTSMX tracks a broader segment of U.S. stocks than VFINX, since it also holds small and medium cap stocks in addition to the large cap stocks held by an S&P 500 index fund.

Answer 7

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.tutorialforyou.net/investing/

wish it will help you.

Good Luck , Best Wishes!

Answer 8

a college education........a rich spouse....... invent something and sell alot of it... become a hooker..... win the Publisher's Clearing House Sweepstakes.... or get your High School Diploma Online like me Sally Strutters....

Answer 9

Find yourself an old lady with alziemer's and marry her.Put your name in her will,and just wait til' she's dead!