22 Year old needs advice on investing?
Kamil A asked:
I am 22 years old, and I have no idea how to invest and what to invest in? Ira’s, Mutual Funds, Money Markets, Stocks?
No Idea at all, I dont even know where to start, I would however like to do it Online in the privacy of my own home. So I am looking for some good tips on where to start, and I also don’t have much to invest being a recent College Grad. Any help or tips would be appreciated
Thank You!
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I am 22 years old, and I have no idea how to invest and what to invest in? Ira’s, Mutual Funds, Money Markets, Stocks?
No Idea at all, I dont even know where to start, I would however like to do it Online in the privacy of my own home. So I am looking for some good tips on where to start, and I also don’t have much to invest being a recent College Grad. Any help or tips would be appreciated
Thank You!
home articles
Categories: Stock Investing Tips 2010-6 | 
Tags: 22 Years, Investing, Recent College | 
3 Comments »
stock investing tips
You will get many suggestions. Look at them all closely, and decide which one you are most comfortable with.
Your first option, should be to open a retirement account. This is always a good investment, regardless
of who you are.
If you have fully funded your retirement account and would like other options, you should consider a DRIP Plan.
They are seldom recommended by brokers due to the low rate of commissions received. However, these
reinvestment plans can be very powerful long-term investments. Studies have shown that DRIP’s are one of
the best strategies on Wall Street.
They are inexpensive and easy to start. New investors to the stock market should definitely consider a DRIP Plan.
Companies like Toyota, Royal Canadian Bank, Sony, Bank of America, General Electric and many other Blue Chip
Stocks can be purchased through your DRIP Plan, with as little as 1 share in most cases.
These long-term plans are great for beginners as well as veterans. Check them out.
Best of Luck
Nicole Scherzinger
Go with a cd. Wait until the administration changes. Do not invest in the market, not yet.
Work
Buy and read the book Investing for Dummies to get a better understanding of your options, risks, and potential rewards.