where is a good place to invest money right now ?

Question

and why?

im 17 and want to invest a grand, also what a trust funds and why are they good.

im looking at metals company's like Alcoa would this be a good company to invest money in.

http://finance.yahoo.com/q?s=AA

Answer 1

alcola is on a buyout rumor right now. But not a bad pick just make sure you have a stop loss in it. Aapl is a horrible pick Steve Jobs is still under investigation, the Iphone has been hacked and is now looking at their struggling mac division to save them. I perfer more global stuff and most certainly online savings banks.

Answer 2

Personally, I'd keep it in a money market fund right now. Though I'm generally a strong proponent of stocks, I believe the recent large gains are based on unjustifiable optimism and that we will soon see a significant drop in the stock market averages, so I'd be reluctant to put money in the market right now.

After the drop happens, I feel that most new investors are best served by putting their money into a mutual fund that tracks one of the major stock indexes (S&P 500, Russell 2000, etc.) It is not a good idea to put your whole investment in one stock because if that stock suffers a significant drop, your whole investment drops signficantly. Spreading out your money over a diverse group of stocks eliminates that risk of one stock ruining your whole investment. A mutual fund that tracks an index owns a wide variety of stocks so you can get diversification with a single purchase.

I particularly would not buy Alcoa right now. Its price is inflated due to speculation that it might be a buyout candidate, which makes it higher risk. Yes, you could make money if it is indeed bought out, but if it's not, I would expect the stock price to fall back. That's more risk than I'd want, especially if it was my entire investment.

Oh, and I suspect that the "trust funds" that you're referring to are legal entities set up by rich people to pass money to their children without having to go through the typical probate process and/or to gain tax advantages. They're good to have because it means you have a rich relative giving you lots of money that you don't have to earn. Unfortunately, they're not something the average person has or can get.

Answer 3

I can tell you one thing....... TV, Radio & Yahoo Answers are the worst places to get this type of advice.

READ & LEARN are the best approaches to your question. First thing you'll learn is with a correct "Asset Allocation" there's never a "best place" to invest in. Over weighing in a market segment can make sense... but putting all your "eggs in one basket" is courting disaster.

Start off with the "Dummy" series on "Mutual Funds" and "Retirement" investing. Then move on to one or two additional books before putting in $1.00.

Answer 4

Alcoa is definitely a good investment idea. I really like OYOG right now - they make 3d-seismic equipment that lets oil companies get more oil out of their oil fields. Here is the latest on OYOG -

http://top10traders.com/ViewHolding.aspx?symbol=OYOG

Answer 5

frankly its not the stock market but the short funds.the three strongest short funds are franklin ny limited,oppenheimer limited and legg mason partners.

Answer 6

umm the apple stocks theyve gone up by 45%
and are still going up

Answer 7

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