The Bloggers With The Most To Say
Investing
The other day I decided that I want to start investing before I graduate, which is less than a year from now. Ideally, my next paycheck (probably less than $200) will be the beginning of that investment. One of my business teachers told us about ROTH IRAs and Mutual Funds, something that sounds like a good idea, but I have no idea how to go about this. Do I have to pay someone to set it up or can I go through my bank? Any advice would be greatly appreciated.
Replies to This Discussion
-
Permalink Reply by Starshard0 on -
I wrote an entire series called What's a Blank that describes different investment terms, feel free to check it out on my blog.
For the most part, you can go through your bank and open a brokerage account. This will allow you to buy stocks, bonds, etfs, mutual funds, etc. Alternatively you can go through a brokerage firm (Vanguard, T. Rowe Price, etc.) or a discount broker (eTrade, Zecco, etc.).
The benefit of going through your bank is that you generally don't have to wait for the money to move to your brokerage account.
If you're interested in opening a Roth IRA, you generally need a decent amount of money. I opened mine with $3000 through Vanguard.
I generally invest about $2000 to $3000 a month, and I've been doing it for a few years now. -
© 2012 Created by Lisa.
