BobSacamano
New Member
Cash: $ 0.70
Posts: 3
Joined: 29 Sep 2011
Location: US
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| I am an investing newb |
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Hi,
I will soon be a college graduate and I am very interested in investing in some capacity. I am in my early twenties and am lucky enough to graduate without any debt. I do not have a full-time job yet, but hopefully will be getting one that pays around $30k a year before taxes. I am interested in investing in the stock market, high yield bonds, penny stocks, and mutual funds. What advice can anyone give him in regards to investing in any of these areas? Thank you very much!
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Thu Sep 29, 2011 5:48 am |
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BobSacamano
New Member
Cash: $ 0.70
Posts: 3
Joined: 29 Sep 2011
Location: US
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| IRA |
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I may do an IRA, but I don't understand what the differences are. Is there any time of IRA account that you recommend? Perhaps a Roth?
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Thu Sep 29, 2011 6:31 am |
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payment proof
Senior Member
Cash: $ 408.30
Posts: 2032
Joined: 16 Jan 2011
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quote:
Originally posted by coaster
Penny stocks aren't investing; that's speculation.
Very well said.
BobSacamano:
I'd recommend that you speak with a financial planner. They will look at your whole financial picture and be able to offer better advice that we can on a forum. Roth IRA's are good if you expect to be in a higher tax bracket in the future. Traditional IRA's allow more of your money to grow because the investments are tax deferred. You can subtract IRA investments from your income when doing your taxes.
If a future employer offers a 401 K and any type of investment match, you may want to look into that too.
See Proof. You can make free money online.
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Sun Oct 02, 2011 10:01 pm |
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john bradford
Member
Cash: $ 3.45
Posts: 17
Joined: 20 Nov 2011
Location: Raleigh, NC USA
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| Self-directed IRA |
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when you open your IRA, be sure that you have a self-directed IRA that will let you invest in individual stocks and options. To begin with you should probably stick with mutual funds or Exchange Traded Funds (I like http://SectorSPDR.com). But over time, you'll want to expand your horizons.
John
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Sun Nov 20, 2011 4:47 am |
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ting231
Contributing Member
Cash: $ 8.00
Posts: 36
Joined: 22 Nov 2011
Location: LA
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I do not invest in these, because they are very dangerous
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Tue Nov 22, 2011 4:04 pm |
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ReztuRaditya
New Member
Cash: $ 0.60
Posts: 3
Joined: 23 Nov 2011
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What kind of guarantees can you offer with regards to how our money is spent and invested and what kind of guarantees of profit can you offer?
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Wed Nov 23, 2011 4:18 pm |
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maraba
First Time Poster
Cash: $ 0.20
Posts: 1
Joined: 24 Nov 2011
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BobSacamano,
Invest in yourself first. Then, maximize 401K. If you are left with more money, start a Roth IRA
Last edited by maraba on Fri Mar 09, 2012 9:30 pm; edited 1 time in total |
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Thu Nov 24, 2011 12:36 am |
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