At your age and family situation, you would probably be best off setting up an IRA account and dollar cost averaging your way into a good mutual fund. Look for a fund with a good 10-15 year record and get a prospectus from them. Pick one with good long term performance and low expenses. Keep adding to it with monthly contributions (don't start using all your money at once -- invest in pieces over time).

 

After ten years or so of paper trading the equities markets, if you think you might be good at it on your own, play with a little bit of it -- maybe 10-15% of your total savings. In the mean time, read everything you can get your hands on about investing/trading and evaluate/modify your paper trading activities as though they were real.

 

Should you find your paper trading extremely successful such that you would be increasing your wealth literally by several hundred percent per year, 1) email a description of your exact methodology to me in secret HE HE HE and 2) slowly make some real money trades to see if you get the same success.

 

Do not do what so many do by rushing into something you know nothing about. Investing/trading in the markets is a profession. You have to train for it and respect it as a profession; because if you don't the professionals will eat you alive! I'm not kidding.

 

Just some friendly advice.

 

Thanks Dg for the great advices, i realy appreciated it.

well 2000 $ is enough for a start !!

and well, there is always a way to use what we got, there aint a fact that we dont need anything .

 

i suggest u take some part of ur time looking at stocks and stock news maybe it would be a way to find some stocks or even bonds that have a good rate of return that u can invest with, then the meaning of those 200- $ will become useful for u .

 

there is alot of sites for stocks and bonds, but watch the news and try to understand who will be able to give u a reurn as it is growing in the market .

 

i guess as a start it wont effect u if u dont get a return as wanted but try nothing will go wasted !!

Sell $2000 worth of naked calls, take the $4000 you now have and buy $8000

worth of puts on margin ...

 

When the market goes up, you'll loose ALL your money, be in debt, AND have to go out and deliver on those naked calls you sold .... which will have unlimited loss potential ... Sound like fun ?!

 

Welcome to the Pope Wolfington school of investing ....

 

I am being silly to make a point ... learn what you are doing before you invest.

You wouldn't build a house, if you didn't know how .... would you ?

 

Put the money in the bank. Capital preservation is first.

 

 

 

 

yikes

Are you still looking to invest in something?  I am not a stock broker or anything, but I can point you in a direction worth looking at.  Let me know if you like some more information. 

 

Chad

.... chad again

find value and wait for the markets to discover it.

 

$2000 don't need right now?

 

How about if you lose it all?

 

You okay with that?

 

Humble pie?

Peace thru war?

Someone has taken Illyias' handle and typing while she is away.

 

I have to ask: timeframe/targets/interest rates.

FNGP???? Long term...hold and asways be adding to your position...cost average...

....pump and dump on the pennies?