5 Comments to “What are the best investments for young people?”
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Malik S said:
On January 31st, 2008 at 9:31 am
Rental Property should be your investment strategy to save for and make you personal house payments.
Desmond S said:
On February 3rd, 2008 at 7:36 am
An IRA invested in several solid mutual funds. The IRA is tax free and when you are at retirement age, will be worth an amazing amount.
SWH said:
On February 3rd, 2008 at 8:53 am
Start saving money in a CD or money market account until you have enough for a down payment on the house. Then, you should Dollar Cost Averaging in an Index Fund until you have enough money or experience to buy specialized funds or individual stocks.
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mizerio said:
On February 5th, 2008 at 10:56 am
That depends on your risk profile.
I’m 25 and have invested my savings into shares. You’re young, so you can afford to take more risks. Shares are considered one of the riskier investments, however, with high risk comes high reward. Invest your money on blue chip companies that have a low P.E. ratio (
mcmufin said:
On February 7th, 2008 at 11:46 pm
No-load index mutual funds that have low fees. Over the long term, almost no one can beat them. Look up the last twelve month’s of “Money” and “Smart Money” magazines at the local library. One of the issues will have a comprehensive mutual fund guide.
Rent until the real estate market in you area recovers. Otherwise, you will buy your house for more than it is worth.
On January 31st, 2008 at 9:31 am
Rental Property should be your investment strategy to save for and make you personal house payments.
On February 3rd, 2008 at 7:36 am
An IRA invested in several solid mutual funds. The IRA is tax free and when you are at retirement age, will be worth an amazing amount.
On February 3rd, 2008 at 8:53 am
Start saving money in a CD or money market account until you have enough for a down payment on the house. Then, you should Dollar Cost Averaging in an Index Fund until you have enough money or experience to buy specialized funds or individual stocks.
///
On February 5th, 2008 at 10:56 am
That depends on your risk profile.
I’m 25 and have invested my savings into shares. You’re young, so you can afford to take more risks. Shares are considered one of the riskier investments, however, with high risk comes high reward. Invest your money on blue chip companies that have a low P.E. ratio (
On February 7th, 2008 at 11:46 pm
No-load index mutual funds that have low fees. Over the long term, almost no one can beat them. Look up the last twelve month’s of “Money” and “Smart Money” magazines at the local library. One of the issues will have a comprehensive mutual fund guide.
Rent until the real estate market in you area recovers. Otherwise, you will buy your house for more than it is worth.