I’m 18 &have about 7k that I invest in something that I want to get over 10%, what should I invest in?
March 17, 2009
4options I know I can do… and is easy
CD at about 4-5%
Money Market 4-5%
Savings- not a investment
Bonds(bank)- no not enough return
Tax Liens Certificates- I am looking into trying this but first I have to research it and study it more.
Real estate- don’t have the assets and money to rent a house out.
Stocks- Not enough info and dont know anybody to make educated decision
Real Estate Investment Trusts- maybe, got to look into that better
what should I invest in?
if you know some good info of how you buy tax Lien Certificates and you have a real good website to see the one’s in any area or just have a few good tips for me that would be great.
thankyou
Tax Lien Fund
Comments
10 Responses to “I’m 18 &have about 7k that I invest in something that I want to get over 10%, what should I invest in?”
Tax Lien Investing
Copper fast before it goes up again.
tax lien investing
Youre going down a slippery slope down, down, down….. you should really consider a better investment that goes up
find a nice woman and keep your money for her.
or try Comic Books at 10 to 15% p/a
Antiques at 10 to 15% p/a
even a decent collector car that you can show off.
there are only liabilities out there dont get off track.
Tax Lien Investing Fund
As quickly as the real estate market seems to be bottoming out I would steer clear of REITs. The closest I can safely get you to 10% is an index fund. An index fund mirrors a market such as the S&P 500 or DOW. The one I’m suggesting to you mirrors the S&P 500. Here is the link
Tax Lien Fund
I would suggest buying an index fund as the managment fees are very low and you will yield the market return which has been around 10% on average over the past 50 years.
Tax Lien Fund
The greatest favor you can do yourself is to learn basic investing before you make a decision. There are a number of good books including Suze Orman’s or “Investing For Dummies.” Don’t take “stock tips” from websites!
tax lien investing
Your quite intelligent and knowledgable for an 18 year old. Right now you can take out the real estate. Im 19 and starting investing when I turned 18 without knowing much, I have been doing research and my portfolio is up 31% past year. Stocks are certainly dangerous and risky especially due to this somewhat bear market, although gdp is 3.9. As im typing this the markets down over 300 points. Forget the tax liens too. Try investing even if you just get into a mutual fund, those should annual return rates over 10% Most importantly, don’t invest all you have, keep atleast 10-15 % if not more in cash. Hope this helps, best of luck to you
Tax Lien Fund
Anything where you could get over 10% is going to be pretty risky, and you take a chance on losing it all.
Tax Lien Fund
just buy a few good mutual funds
stock market has made 10% return on average for the last 100 years
you should be happy to make a 10% return
tax lien investing
Nick B has got a pretty good idea. Avoid real estate (that is WHY the stock market is going down today, bad real estate & home prices going A LOT lower).
Buying the S&P 500 will likely average in the 10% range over the long term. Try either the VFINX mutual fund or the iShares ETF ticker IVV.
Or you could buy the stock American Capital Strategies(ACAS) which has a dividend yield of about 9.5% (now) & has averaged about 21% annual return over the last 5 or 10 years. It does have risk in this environment & is volatile, so don’t buy it above $42. You might get it below $39/share or less if you put in a limit order & wait.
Tax Lien Fund
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