im a single father of one, when and how do i make an investment with little money for a good return?

Question

i dont have much but i was wondering if it was possible to make a little extra income to be able to get us through the tough times if there comes a time so we are secure financially. i dont want to be caught with my pants down or get screwed either i need a wise way to invest. any ideas? thanx

Answer 1

The surest way to lose money short term is to expect it to supplement your income.

Pick a no-load equity income fund from Vanguard or T. Row Price and add to it regularly. But the only way to let it grow is to FORGET you have it and to not get jerked around chasing hot returns.

Answer 2

Well in your situation stocks are definitely out, it takes a LOT of time and knowledge to make money investing in individual stocks. Bonds will get you around 4% per year, they are 0 risk but obviously have virtually no return. You could go with an ETF but they are notoriously risky and tend to have poor to marginal returns relative to their risk. Your best bet is a no load mutual fund that is well diversified from a well known firm such as Fidelity or Vanguard.

Answer 3

Look into no load mutual funds, like vanguard or dodge and cox. Try a savings calculator, it will help you set goals for how much to save, at what percentage or return you must get, and research which funds are performing. You can´t get rich quick and most millionaires created wealth slowly and with persistence and SAVING money, not spending it! best of luck!

Answer 4

Open a brokerage account at Zecco and I will help you for FREE. (I am a Portfolio Manager with over a decade of experience in the Stock Markets in the United States of America and other developed countries)

Answer 5

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