Looking to get started investing
- Thread starter ni4ni
- Start date
- Nov 26, 2004
- 1,511
- 0
- 76
Honestly, it really doesn't matter. Like I said, I want this to be a long term thing. I hope to generate some money for retirement.
I just really don't want to waste this $1000.00 and I have been wanting to start investing so I thought this would be the ideal time.
- Oct 28, 1999
- 62,484
- 8,345
- 126
What type of investment vehicle will this be? What are your goals with it, when do you plan to withdrawal from it, and how liquid (ability to cash out) do you need it to be?
Is this a long term retirement account (Roth or traditional IRA)? Or is it more of a mid term non-retirement based investment?
Is this a long term retirement account (Roth or traditional IRA)? Or is it more of a mid term non-retirement based investment?
- Nov 26, 2004
- 1,511
- 0
- 76
My goals are to start investing and have money in the future. Can possibly be used for retirement. I don't plan on cashing out within say, 20 years.
I am not familiar with any types of investing so IRA's are not out of the question. Need to know more about them.
- Oct 28, 1999
- 62,484
- 8,345
- 126
What is your age right now, and will you make more than $1000 but less than $95,000 this year?
If you are over 18 and in between that salary range, I'd suggest setting up a Roth IRA account at a discount broker (Etrade, Fidelity, Ameritrade, Firstrade, ect), or Vanguard if you are looking to stick to mutual funds.
An IRA account is nothing more than a savings account that you invest into for retirement. A Roth IRA lets you deposit after-tax dollars that you have left over from your paycheck into your account. The appreciation and/or interest that you earn in that account is completely tax free once you start to withdrawal at retirement.
In an IRA you can deposit stocks, bonds, mutual funds, CD's, or simply just let cash sit in it as a money market account.
Vanguard has a nice, easy to read Roth IRA section:
http://flagship4.vanguard.com/VGApp/hnw...tirement/ATSRothIRAOverviewContent.jsp
As far as *what* to invest in, tough call. The US Stock Market is at a 6 year high, and very very close to an ALL TIME high. Buying in to a US stock market Index Fund right now could set you up for huge downfall a little bit further down the road.
With the $1000, *I'd personally* invest in a dividend paying large cap company that was at or near a 52 week low that I felt comfortable in.
As was mentioned, Intel. You could buy *almost* 50 shares of INTC right now with those funds. I'd put it into a Roth and just let it sit. They'll grow, pay dividends, and hopefully split a few times over the next 20 years for you. You can then cash them out tax free once you retire.
If you are over 18 and in between that salary range, I'd suggest setting up a Roth IRA account at a discount broker (Etrade, Fidelity, Ameritrade, Firstrade, ect), or Vanguard if you are looking to stick to mutual funds.
An IRA account is nothing more than a savings account that you invest into for retirement. A Roth IRA lets you deposit after-tax dollars that you have left over from your paycheck into your account. The appreciation and/or interest that you earn in that account is completely tax free once you start to withdrawal at retirement.
In an IRA you can deposit stocks, bonds, mutual funds, CD's, or simply just let cash sit in it as a money market account.
Vanguard has a nice, easy to read Roth IRA section:
http://flagship4.vanguard.com/VGApp/hnw...tirement/ATSRothIRAOverviewContent.jsp
As far as *what* to invest in, tough call. The US Stock Market is at a 6 year high, and very very close to an ALL TIME high. Buying in to a US stock market Index Fund right now could set you up for huge downfall a little bit further down the road.
With the $1000, *I'd personally* invest in a dividend paying large cap company that was at or near a 52 week low that I felt comfortable in.
As was mentioned, Intel. You could buy *almost* 50 shares of INTC right now with those funds. I'd put it into a Roth and just let it sit. They'll grow, pay dividends, and hopefully split a few times over the next 20 years for you. You can then cash them out tax free once you retire.
If you're really willing to invest in a long term stock, I would suggest MLP. It'll probably go up slowly, but it's really a long-long term play.
AnonymouseUser
Diamond Member
- May 14, 2003
- 9,943
- 107
- 106
All I'll say is, DIVERSIFY! Even with an amount that small you still don't want to put it all into one stock or mutual fund.
Personally if you're out for serious advice then you should ask someone professional.
Personally if you're out for serious advice then you should ask someone professional.
AnonymouseUser
Diamond Member
- May 14, 2003
- 9,943
- 107
- 106
Originally posted by: vi_edit
Glad to see you wear your biases on your sleeve...or at least your sig.
When it comes to investing, I have no bias against INTC. I would happily buy INTC if I felt it would make me money.
I agree with Passions.
If you have vonage, get $800 more and get in on the IPO and sell first day.
buy 100,000 swedish fish
http://bigskycandy.com/gummi19medd.jpg
and sell for .02c each
instant double of your money.
http://bigskycandy.com/gummi19medd.jpg
and sell for .02c each
instant double of your money.
Could try GICs: no risk little return (where I'm at). Mutual funds are suppose to be crappy stocks from what I've read.
). Mutual funds are suppose to be crappy stocks from what I've read.
- Oct 28, 1999
- 62,484
- 8,345
- 126
Originally posted by: Imp
Could try GICs: no risk little return (where I'm at
Mutual funds aren't crappy per say, but most of them fail to outperform the major indexes and can kill you in management fees...not to mention sales charges that could be tacked onto the front or back end.
If you buy into the index funds (VFINX, follows S&P 500) you are getting into very low management costs and a true diversified fund that has historically trackable performance.
AnonymouseUser
Diamond Member
- May 14, 2003
- 9,943
- 107
- 106
Mutual Funds are great, provided you stick with only those that have performed well for years. Buy and hold for 20 years.
Originally posted by: vi_edit
Glad to see you wear your biases on your sleeve...or at least your sig.
He's just one of those who thinks that just b/c gamers on ATOT all like AMD, that it will make the stock go up higher. Or maybe it's just that he heard how much faster AMD chips were for gaming so he bought one, and then now thinks that Intel will crash and burn.
TRENDING THREADS
-
Discussion Zen 5 Speculation (EPYC Turin and Strix Point/Granite Ridge - Ryzen 9000)- Started by DisEnchantment
- Replies: 25K
-
Discussion Intel Meteor, Arrow, Lunar & Panther Lakes + WCL Discussion Threads
- Started by Tigerick
- Replies: 23K
-
Discussion Intel current and future Lakes & Rapids thread- Started by TheF34RChannel
- Replies: 23K
-
-
Facebook
Twitter