Im 19 and want to invest?

Question

im 19 and have 2000 dollars i want to invest. i'm clueless on how any of this works. i'm looking for a somewhat long term investment with the biggest possible gain, but im not set..i could invest a small portion in some stock but which one?..and then invest the rest into a somewhat long term thing. please any advice would be appreciated

Answer 1

I would suggest dividend reinvestment or DRIPs.  You can do this either with a broker that supports DRIPs or directly through the company who's stock you wish to purchase.  I currently use Firstrade and they support DRIPs.  However, if you wish to buy directly from the company, one popular choice is Disney.  You can find more information here: http://corporate.disney.go.com/investors...

Answer 2

I would say Roth IRA if your looking for long term like retirement.  You should talk with a financial advisers. See can you find a Edward Jones Investments  adviser in your state.

Contact some of the companies below, and tell them what you're looking for. They should be able to put you on the right track.

Answer 3

I agree that a Roth IRA is probably the way to go based on your age, the amount that you have and the current state of the economy.

Answer 4

get a book about investing. get educated and paper trade. after you feel confident begin investing.

Answer 5

Buying and holding isn't going to work in the current market.  Inflation is eroding t-bills, cd rates are low...gold or cash?