I’m approaching 19 years old, I have a steady job making 8.50/hr and I have no real bills to speak of. I am very careful with my money and I want to start investing (despite the economic downturn, I am a optimist). I have saved about $1500.00 to start. I don’t want to invest in something for retirement or that takes decades to develop, I want something that I could benefit from in about five years. Is this at all possible? I need some advice on how to make my money work for me, if I can/should invest in something more long term instead of short term, or if I should just find a bank with a good savings plan. Any ideas?
Posts Tagged ‘advise’
I want to save some money for my daughter she is 2 years old and currently living in Chicago IL USA I want to know what type of account will be suitable her I was advised by a bank manager to open 529 plan can some one help me find a suitable way to save money for my daughter I can deposit $50 a month The reason for this account is to save money for her university education.
I have a one month old and am planning on starting to save for his education when I get my tax return this coming spring. My fiance and I don’t make a whole lot of money, and not much investment experience, but plan to contribute at least small amounts bi-monthly. Is it a good idea to start one of these funds with the stock market in its current situation? I don’t want to play it so safe that we don’t get a good return…