i just turned 18 and have $2000. i want to invest .?

Question

how can i invest. what are good companys to invest in and is that enough or should i gather more money

Answer 1

You should gather more money. The $ 2000 is best put in a internet bank deposit or a CD of less than 6 months duration, either of which should get you about 5-1/4% annual interest. You may need this amount for an emergency or a purchase (like a down payment for a car).

Answer 2

Check out troweprice.com, which welcomes young investors, and those with little money to invest. They have tons of mutual funds you can invest in, and mutual funds are safer than investing in specific companies, especially when you have limited funds. They will also allow you to start an investment account with $100, and you can add to it through automatic debit monthly. All the information you want is on the site.

P.S. If you ever need to get your hands on your money, it takes 2 or 3 banking days to receive electronically, and no penalty.

Answer 3

You really need to learn and educate yourself as much as possible about the particular area of investing you are interested in. Jumping blindly into any kind of investments without educating yourself is a sure way to lose money.

The more you educate yourself, the better you will understand what you are interested in and what meets your needs. Don't let anyone steer you into any particular investment without you having the opportunity to do your own due diligence.

While you are learning, as another suggests, you can put your money in a safe CD (Certiicate of Deposit) until you are ready to become more active. (You still educate yourself about CDs.)

Also, try to make sure that the money you are investing is money that you can lose. Losing money you need for a rainy day is a sure way to cause unnecessary stress.

HTH!

Answer 4

look for a Broker http://www.stock.healthbloger.com/What-to-Look-for-in-a-Broker.html
in it you can find how to look for a broker