investment?
August 30th, 2010
ny son just got some money from his grandfather, its not a lot but i am looking to invest it somehow for his future, any suggestions? thanks to all who answer.
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Open a 529 college savings account with the money. The money grows tax-free, and the withdrawals, if used for eligible college expenses, are tax-free. If the money is not used for eligible college expenses, you get taxed and penalized the same as you would for withdrawing from a 401k.
About 6 years ago, I opened 529 accounts for my niece and nephew from T. Rowe Price. It is a very easy process. T. Rowe Price has different target-date portfolios of mutual funds that are specifically designed for when the children are expected to start college. For example, my niece will start college in the fall 2012, so for her, I invest in the Portfolio 2012. T. Rowe Price has very low expenses, and the expenses are waived if you have an automatic contribution every month ($50 minimum contribution each month).
INvest in MF: These funds are a type of security that can be traded on the stock market, allowing shareholders to buy and sell shares in the funds. The revenue generated by purchase of shares is used by mutual fund manager to buy more shares of specific stocks, bonds, and other market securities and money market instruments.
Since the prices of the stocks, bonds, and other securities held by the mutual fund vary, the value of the fund changes. The average value of every share of the mutual fund is fixed daily based on the total value of the underlying securities held by the fund.
This involves the shareholders of a mutual fund directly with their investment as against those who just buy individual securities and observe as the prices fluctuate.
http://debts-to-wealth.com/category/Guide-to-Mutual-Funds.html
Hello,
I also had a similair problem as you have.
I had a good amount of money, and wanted it to grow.
So I looked around on the internet to find something that is:
1) giving me great returns towards a relatively small risk
2) Professional people who know what they where doing with my money.
I’m glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
On this blog you can follow up all the results that he is making:
http://my-robottrader.blogspot.com/...
My money is working for me, in a little over two months I already have a ROI of 58%.
So you don’t hear me complaining!
Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
Then I’ll give you the email adress of my moneymanager
Hope this has helped you!
buy stock in Toyota motors,(TM) the only car company to be let standing over the years
Useful invest is focus toward future.
- Something could bring earn more… with minimal risk.
- Human resource overall, a better man for a better life..
Your first option should be to fund fully a retirement account. This is always a good investment regardless of who you are.
If you have done this, or you wish to wait on the retirement fund, then one of the best things you can do is open a DRIP Plan.
They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
The best part is you get to choose from the best Blue Chip International Corporations in the world. You can have Toyota, General Electric, Royal Canadian Bank or McDonalds in your portfolio. Although there is always risk in stocks, these Blue Chip giants offer far less risk than most.
They are inexpensive to start and maintain, and your dividends are reinvested for free.
They are perfect for small investors, as well as big investors. They will allow you to sleep at night and not care about whether the market is going up or down.
Look at all suggestions closely before making a decision. You will have many options to choose from.