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What should i invest my money on?
What are some beneficial things that I should invest my money on?
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5 answers
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Puneet’s Answer
it depends on your age. if you are in age bracket of 20 -30 then invest recurring small amount in saving schemes and Equity based funds and always looks to long term hold like 10 year , 15 year because power of compound interest is very effective.
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Nathan’s Answer
It all depends on your risk tolerance. If you have say $5,000 and you are ok with losing it all then you could put it into more aggressive investments. If you have that same $5,000 and you can't afford to lose any of it, you could put it into a high yield savings account, invest in Treasury bills, or a bond fund focused on United States government securities. No investment can be determined as a one-fits-all because everyone has different personal situations/risk tolerances. Other factors to consider are do you have health insurance, money to pay for rent, food, other bills.
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Gus’s Answer
As a student, now is a great to start investing. A basic equity fund and/or index is a great place to start. There are many popular sources that recommend investing in an S&P 500 index. These sources detail that the S&P 500 is very diversified, and it has historically outperformed other indexes, making a good opportunity for investment.
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Matthew’s Answer
Start investing in your retirement now. Even if you are not of legal age to open an IRA or contribute to a 401k, start a savings account with an automatic monthly or weekly transfer so that when you legally can you have something to put into a retirement vehicle. IRAs have great tax benefits.
Investing in stocks is smart, but obviously there is risk involved even if you are conservative. You always want a good chunk of your funds FDIC insured.
Again, I'll say, your best investment is your retirement/health, and with Social Security not being a guarantee, it is never too early to start saving.
Investing in stocks is smart, but obviously there is risk involved even if you are conservative. You always want a good chunk of your funds FDIC insured.
Again, I'll say, your best investment is your retirement/health, and with Social Security not being a guarantee, it is never too early to start saving.
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Aleta’s Answer
Great thinking! It's fantastic to consider contributing to your 401k, especially if your company offers a match. This will help maximize the benefits and grow your retirement savings! Additionally, investing in property can be a wonderful idea. Save up for a down payment and explore the possibilities – it might just be the perfect option for you to build further wealth and secure your financial future. Keep up the enthusiasm and stay focused on your goals!