alpalwal

Hey guys, I started saving a bit and I want to invest some.

I was thinking some stocks but I don't really know what else is out there.

I've got about 1,000 right now and I'm going to keep saving as well.

Any suggestions?

buk9tp

AgentMurdoc

you need to start a roth IRA... it is estimated that 100 a month for 40 years will turn into 1 million bucks... not a guarentee.. but pretty darn close... if you do it for only 30 years you'll yield only 300k, so 10 years you lose 700k... not sure how it works, but i have read about it a few times... it just sucks i have a bad memory.

I started a year or two ago and I have 6k right now and I'm about to drop 3k by the end of the month before taxes.

I'm not too educated on the topic, but i am making some money... which is good.

AgentMurdoc

saving early is VERY important... also you should take ONE hour of your wages per day and put that into savings.

2G6

Buy gold! In the last 10 years it's almost tripled in value at some points and is expected to climb almost $100/ounce by September! I'm getting my hands on as much of it as I can and have just started to gather mining equipment. ---- man, playing with turbo cars takes your $, playing with gold mining adds $ lol. I have a little over 3 ounces built up and have only been going at it for a few months.

AgentMurdoc

you buy physical gold or e-gold?

Racintweek

my step-mother worked for vangaurd for 6-7 years, i dont know ---- about investing but they are a nice company

Jorsher

I'm interested in this topic. I want to put my money somewhere and get some returns on it... Thought about those 5.x% banks interest they're advertising on tv, but of course would rather invest in something more lucrative.

zplightning

Wow what a good post to come upon while I am studying for my final in Investments today... I don't feel comfortable making any reccomentdations but, I would consider what Murdoc is showing you, if it is what I think it is, it is the vanguard 500, which is closely related to the S&P 500. Basically returns are going to follow what the market does for the most part, and its one of the most diverse portfolio's available (less risk). And it is definetely true about that extra 10 years between investing 30 and 40 years, we did the present value calculation, and that compounding makes a crazy difference, in fact I think we used the Vanguard 500 or S&P when we did the calculations.

McBoost

I use Ameritrade for stock trading (I'm not really that active right now... too time consuming for me). I also have a HSBC direct for a savings account (paying 6.00% right now on new money, 5.05% on everything else).

My parents are into this currency exchange program called 4X. It's a bit more risky, but if you're good at it you can limit your risk and make some pretty good money. You can trade almost any currency against another (not just the US dollar). Seems like something cool to get into and good at... also it's 24 hours a day trading since it's using worldwide currencies.