General Question About Getting Started with investing?

Question:

Just a General Oppinion Question. I'm a 19 year old college student, with a little bit of money that im looking to invest, via stocks, some sort of ipo, mutual fund something like that. I run into a problem with mutual funds due to the small amount that im looking to spend around 300-500$US. I have savings accounts and money market accounts, but these are to help pay for college, im looking to start to get into, some decently high risk investments with hopes of good returns within the next 3-5 years. Anyone who knows of good areas in which i could invest, and would be willing to explain, would be greatly apprieciated.

Answer:
$300 - $500? Good returns??

What a waste of time and effort!

Where you park that amount of money doesn't matter a hill o' beans. Even 0% return is fine.

You should be concentrating on adding to that nest egg and getting it to a sizable amount before talking stocks or mutual funds. When I say "sizable, I'm talking $5k - $10k at the very least.

If you invest that money and you aren't charged any fees at all (not likely) and you make a super-duper 20% return on $500 the first year, you've made a measly $100. How long would it take you to find $100 to add to that nest egg just by working at Taco Bell? A couple of days?

Put that money wherever you want and concentrate on building it up before you start talking investing. Otherwise the hard work over such small amounts of money in return will burn you out.

If you really want to invest that money wisely, buy some books on investing or on your education in some field that really gets your blood flowing that will enable you to make serious money by making yourself more valuable either to an employer or out in the business world.

Then you'll really see a super duper exponential return on your money if you do it right. The first book you might consider buying with that money is a book by Warren Farrell entitled "Why Men Earn More". It was written primarily for women but it will be no less helpful to you as a guy. It'll teach you where the money's at.

Number two on the list you should consider would be, "The Richest Man in Babylon" by George S. Clason. Then if you'd really like to get serious about making some really serious money, number three should be, "Mentored by a Millionaire" by Steven K. Scott. Number four could be, "The Millionaire's Secrets" by Mark Fisher.

Good luck! Invest in yourself!

You need at least $500,000.00 to invest in IPOs (Some brokerage firms require millions)

You can invest in stocks, mutual funds and Exchange Traded Funds with as little as $500.00

I suggest you to open a brokerage account in Scottrade and drop me a line if you want more detailed advice.

Many banks have tools on their web sites to evaluate your risk ptofile without any charges.Considering the amount you have in mind and the period of investment Mutual Funds may be your choice.These days they come targeted at differnt risk profiles with different proportions of investments in debts and equity, you could chose one that appeals to you. Direct investment in stocks could be a good learning tool but, you may have to monitor your investments closely and be prepared for some erosion in value as well at times.

At your age the Roth IRA offers unlimited opportunities. You can open a Roth account with a broker and not pay tax on earnings - if you are skilled/lucky enough to have any.

i have try some in invest some money in internet.. until now .. im happy with its
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General Question About Getting Started with investing?

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