What is the best way to get return on the investment in a short term.?
Currently Paypal money market gives 4.5% APY but there’s a $19.99 service charge for upgrading to Personal Premium Account. I’m considering other option.
Might want to wait until the market down trend stops.
My general advice is:
Choose a stock of a solid company(s) (in or outside the USA) that you believe has a future (or a mutual fund), and has a 3-5 year record of consistent growth of its share/stock price. Look in on its price and news articles (like through Yahoo Finance) every few days or daily to make sure nothing tragic is occurring to your particular company or stock’s value. But HOLD it (except in the event of some major free-fall). Jumping in and out (selling the shares and buying them again within 3 business days) to avoid losses is only permitted by law if you are a ‘margin trader’. As you earn money you should also buy the stock of a company in a different industry, but using the same evaluation technique as above. Eventually you should hold at least one solid company’s stock in several healthy industries.
This is a simple stock market plan that should serve you very well. You’ll need to contact a brokerage to start an account. I like Fidelity and Scottrade. Both have online trading. If you don’t have an IRA (Individual Retirement Account) I would start a Roth IRA as the account in which to keep your stock because all the earnings/gains are tax-free. A HUGE benefit. And max the allowed contributions whenever you can afford to. You can’t withdraw this money until age 59 ½ without a major penalty, but still the wise thing to start first. You can also start a second regular brokerage account at the same time and place whatever amount of stocks in it, if you feel more comfortable knowing you can sell off and withdraw the money anytime. But you’ll have to pay capital gains tax on those withdrawals.
Good luck.
Jesus is Lord.
Might want to wait until the market down trend stops.
My general advice is:
Choose a stock of a solid company(s) (in or outside the USA) that you believe has a future (or a mutual fund), and has a 3-5 year record of consistent growth of its share/stock price. Look in on its price and news articles (like through Yahoo Finance) every few days or daily to make sure nothing tragic is occurring to your particular company or stock’s value. But HOLD it (except in the event of some major free-fall). Jumping in and out (selling the shares and buying them again within 3 business days) to avoid losses is only permitted by law if you are a ‘margin trader’. As you earn money you should also buy the stock of a company in a different industry, but using the same evaluation technique as above. Eventually you should hold at least one solid company’s stock in several healthy industries.
This is a simple stock market plan that should serve you very well. You’ll need to contact a brokerage to start an account. I like Fidelity and Scottrade. Both have online trading. If you don’t have an IRA (Individual Retirement Account) I would start a Roth IRA as the account in which to keep your stock because all the earnings/gains are tax-free. A HUGE benefit. And max the allowed contributions whenever you can afford to. You can’t withdraw this money until age 59 ½ without a major penalty, but still the wise thing to start first. You can also start a second regular brokerage account at the same time and place whatever amount of stocks in it, if you feel more comfortable knowing you can sell off and withdraw the money anytime. But you’ll have to pay capital gains tax on those withdrawals.
Good luck.
Jesus is Lord.
References :
Better put your money in Belarusian bank. You will get a 13% rate of interest with NO RISK AT ALL because all deposits are state insured.
For more details please email me at bestinvest@land.ru (with your Yahoo Answers nickname).
Good luck!
References :
Some say gold is about to double. It has to. Look at the currency market, especially for the US, and our mounting debt. If China or too many countries go over to the Euro then the jig is up. I guess that means the dance is over. When people understand economics, as I think Eric "WhoRU" Williams explains it on youtube, I mean, if he’s right, and it makes sense to me, well, the jig is up, buy a jug and a bible. Actually food may be the best investment, canned, dried, etc and twenty two cartridges may be your change. Ha. Develop your intuition and read up on emotional intelligence, investment in yourself and your family won’t hurt a bit.
References :