Hello,
I am starting university in approximately 1 week and I currently have ~$20k saved up ($10k from working and $10k from an educations savings fund). I am looking to invest $10k of this for approx 2 years. $10k should be enough to get me through the first two years of university as I have been given a scholarship covering most of the tuition costs and I will be living at home during this time without rent. Also I will probably make over $3k during my summer vacation between the first and second year so money putting away $10k is a wise choice imo. I would be very appreciative of your opinions on how I should invest this.
Thank you,
Matt.
2007-08-26 12:53:08 · 7 answers · asked by Matt W 3 in Business & Finance ➔ Investing
CD's ? Not on my life! Go to a broker on-line and get into a few mutual funds... you can be " cautious" and still make twice any CD rate!
Check the Fidelity web-site...call if you need help...reps are not " hard sell."..and can be very helpful.
Look into a " global balanced" fund...but put 15-20 into something more aggressive ...Emerging Markets...
Or....put half in some CD and invest the other half ...check on your returns in 9 months...I'm betting you'll be looking to cash that CD in ASAP.
2007-08-27 08:22:32 · answer #1 · answered by jebediabartlett 6 · 0⤊ 0⤋
Invest in Exchange Traded Funds :ETFs are cheaper than mutual funds. ETFs have very low annual expenses, nearly 20 basis points or 0.2% less. As against this, actively managed mutual funds show average expenses exceeding 135 basis points (1.35%). This does not include the extra 2% - 5% as loads, 12(b)-1 marketing fees, transactions costs, and soft dollar expenses mutual funds, passed on to you but never informed, except in very fine print that nobody cares to read.
http://debts-to-wealth.com/category/Why-Invest-in-Exchange-Traded-Funds.html
2007-08-27 01:42:00 · answer #2 · answered by Pitty T 2 · 0⤊ 0⤋
Since you are only looking to invest for 2 years, I would suggest putting the money into a good online savings account.
There are some out there paying 5%, which is a good rate for savings.
Here's a site that compares online savings accounts...
http://www.emoneycentral.com/savings-rates/display.cgi?db=savings-moneymarket&start=1
2007-08-26 13:14:14 · answer #3 · answered by mister_galager 5 · 0⤊ 0⤋
Since you need it at a particular time, and that's not real long from now, I'd put it in a CD. Investing in something like stocks could make you more money, but if your holdings are down when you need to pull the money out, you'll be out of luck.
2007-08-26 13:51:29 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
invest 10k 2yrs
2016-02-02 04:52:12 · answer #5 · answered by ? 4 · 0⤊ 0⤋
pre-paid legal services trust me we we will be going global in September 29, 2007 so go for that I'm in it and I'm only 18 age and Ive made over 15,000 last month just by investing only 45 dollars if u don't believe me look on yahoo business and type in pre-paid legal. so look in to that. my home number is 260-625-5195 call me 4 more info!!!
2007-08-26 16:42:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you are really just looking at 2 years I would just put it in a CD at your local bank. Congrats on taking life seriously and taking care of business.
2007-08-26 14:49:03 · answer #7 · answered by The Scorpion 6 · 0⤊ 0⤋