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Show me another »I'm 17, looking to start investing/bond ect?
my max startup amount $500 .. what can I do? (investment/ account wise) thanks=)
Best Answer - Chosen by Voters
invest in stock market might be great. it can offer you huge potential return. however, with only $500, it is wise if you can consider CD or mutual fund first.
in the same time, accumulate more wealth by saving some of your take home pay. you can also concentrate on learning to invest in stock market. here is good resources especially if you just started in stock investing careers:
http://www.stock-investment-made-easy.co…
it teach your from choosing good stock, calculate intrinsic value in a simple but practical way and determine your margin of safety when you want to start invest in stock market.
=)
Stock Investing for Beginners
http://www.stock-investment-made-easy.co…
in the same time, accumulate more wealth by saving some of your take home pay. you can also concentrate on learning to invest in stock market. here is good resources especially if you just started in stock investing careers:
http://www.stock-investment-made-easy.co…
it teach your from choosing good stock, calculate intrinsic value in a simple but practical way and determine your margin of safety when you want to start invest in stock market.
=)
Stock Investing for Beginners
http://www.stock-investment-made-easy.co…
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Other Answers (1)
- $500 dollars is really not enough money for serious investing in such things as stocks and bonds.
Instead I would simply start out with a high yield online savings account from INGDirect.com or EmigrantDirect.com. You will get between a 4.5% - 5.05% return on these investments with virtually no risk to your intial $500.00.
Once you have about $3,000 dollars saved visit Vanguard.com to learn about a variety of funds.Source(s):
http://www.ingdirect.com
http://www.emigrantdirect.com
http://www.vanguard.com
http://www.lucky-dog-investing.com/high-…
http://www.investopedia.com
http://www.motleyfool.com33% 1 Vote
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