Lux Investing - How would you suggest a 21 y/o to invest his money?

How would you suggest a 21 y/o to invest his money?

I am 21 y/o and i want to start investing my money. I was thinking that mutual funds are the way to go, and do an aggressive style mutual fund. But how do i know which one to invest in there are millions out there. Or if you have a better idea i am open to ideas.

Public Comments

spend it on a house, so you could start your future secured...
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Hi, I would suggest you to start forex trading. First of all you always will be controlling your funds. You may trade at any time from any place in the world from Sunday night to Friday night (24/5.5). Income could be amazing. Act now! Start your own business with no boss and no working hours. I could introduce you to one of forex broker leaders that is located in SWITZERLAND and Regulated by the Swiss Federal Department of Finance; audited by KPMG. They have very tight spreads. Total 25 currency pairs Gold and Silver. SPREADS: 2 pips for EURUSD, USDJPY, AUDUSD, EURGBP, EURCHF; 3 pips for GBPUSD, USDCHF, USDCAD, EURJPY; 4 pips for CADJPY, CHFJPY; 5 pips for NZDUSD, AUDJPY; 6 pips for EURAUD, GBPCHF, NZDJPY; 7 pips for EURCAD, GBPJPY; 8 pips for GBPCAD, GBPAUD, AUDCHF, CADCHF, NZDCHF; 10 pips for AUDCAD, AUDNZD. LEVERAGE 1:200 default but client could chose the leverage from 1:1 to 1:200 at the account opening procedure. MARGINS. The margin or leverage a client can have depends on the client's account equity. The table below shows margin requirements for the different equity levels: Less than 25,000 - 0.5% 25,000 to 1,000,000 - 1% 1,000,000 to 5,000,000 - 2% 5,000,000 to 10,000,000 - 3% Above 10,000,000 - 5% Please note that on weekends and holidays margin requirements remains the same. SWAPS are counted as negative as positive. Also is available swap-free accounts. STOP and LIMIT orders may be placed as close as 5 pips from market price TRADING TERMINAL Meta Trader 4. Clients can choose to have their accounts denominated in either USD, EUR, GBP, JPY, CHF, AUD or CAD. Initial account opening deposit from US$2000. From first view it probably looks high comparing with other brokers who allow mini accounts and minimum initial deposit from USD250 but it is more useful and safer because clients are more protected from quick stop out and total loss of the initial deposit in the case if unfortunately it would be several unlucky trades in rage. This is regular forex trading account however it is allowed trading in mini lots (from 0.1 lot). If you are interesting I could introduce you to them please e-mail or PM me (press on my name) and I provide you with further information. Furthermore I could provide you for FREE with more than 50 trading e-books and trading systems that worth more than several thousand dollars and are very useful as for beginners as for experienced traders. Good luck!
Hi, It depends on your goal - short term, medium term or long term goal. (When do you need the money and how much?) Before you go into mutual fund, check on the fees (entry fee, exit fee, management fee, etc) With a mutual fund, you have to decide whether you want the funds to be into cash management, property, stocks or a mixed. Property and stocks would be the best to beat inflation in long run. Aggressive style mutual fund is whereby the manager tries to beat the market performance. Based on research, it is very rare for them to beat the market performance and they charge a very high fee which reduces gains. You might want to consider a passive style fund - lower fee. They just replicate the market index and hold. Example: If you want to have long term goal, invest in passive style mutual fund and keep for 10 - 20 years. Hope that this helps.
Pretty Easy 20% US Large Cap Value 20% US Large Cap Growth 10% Mid Cap Blend or 5% Growth; 5% Value 10% Small Cap Growth 10% Small Cap Value 20% International 10% Emerging Markets Dont buy bonds. If you retire with amillion, need $60,000, and earn 6% on a bond will you be ok? No because your cost of living rises each year while your income stays the same. When the bond comes due, the principal buys you substantially less. Buy that portfolio above. Keep it allocated evenly and add to it very time you have money available. ETF's for a taxable account. Mutual Funds for a retirement account. If you are in Florida you can hire me to help you in more detail. Sorry-couldn't resist the plug. I'll check back if any Floridians want to contact me.
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Very simple: Do it yourself, go with something like Ameritrade, open your own account and do your own research. Remember to diversify your investment, don't put it all in one place or in one type of investment. Do your own research, pick some things out, invest and sit back. Don't be to hasty to sell if it goes down the next day, it'll cost you, buy to hold for awhile, but not forever. Keep researching all the time and look for trends and any news considering your investments. You're just as qualified as anyone else is. Good luck.
If you are looking for mutual funds, look at the management fees and expenses. They should be a minimal (< 1%). 3/4 of mutual funds end up underperforming the indexes they are benchmarked to because of these fees! Vanguard has a lot of no load funds. I believe they also have some index funds--these are a good savings vehicle. If your investment horizon is well over 25 years, you are pretty much guaranteed (I use this loosely because we really don't know where we'll be in 25 years) to have some positive return on your principal. Forex is not something you want to get into. Sure you might make some money in the short run, but one big move against you and you will be working all of next year to recoup your 'investment' losses. The best investors think of investing as a way to preserve your capital, not to 'get rich quick.' Warren Buffet says that even many years of hugely positive returns multiplied by a zero still gives you a zero. If you are interested in learning yourself, pick up Intelligent Investor by Benjamin Graham. Otherwise, use this as a very, very loose guide to investing for the future: 25% money in TIPS (treasury inflation protected securities) 50% equities (I think Oakmark has been a steady fund, otherwise look at indexes like the S&P 500 (SPX)) 25% between foreign markets and commodities A note of caution on the last part, commodities are hot right now and may or may not cool down a lot. Same goes for foreign markets. However, if you are not trying to time the market and will be continuing to contribute to your savings, it will be wise to put some money in those last asset classes. The majority of people on this Earth are not in the US and the US will gradually be less great of a global power as other countries begin to develop. And, if you are intent on rating mutual funds, look at longer term performance averages (10 years +) and make sure it is the SAME fund manager still running the fund!
I think you have the right idea. Go with no-load funds with low fees'; lower than the catagory average. You can check them out on Yahoo. And check out the Morningstar ratings. A fund with no less than 4 stars.
I suggest investing with one of the large no-load mutual fund companies. I would split your money among three or four no-load (no sales commission) stock mutual funds. You probably should have your money in both United States and international stocks (with both growth stocks and value stocks) for diversification.