thanks for your support! congrats on your investing success!! very impressive. You've got a high risk tolerance and it's okay because you're young. You might consider active managed money (it doesn't have more risk, and the returns can be greater). Most investment firms don't handle these types of accounts, let me know if you want more info.
Great advice. I'm 22 and I just maxed out my target retirement Roth ira for the first year and I'm working on the next $5000 contribution for April 2011. I also have a few stocks which I have about a 15% average return on. Now I just have to convince close friends that it's really easy to invest.
@LimConsulting Thank you. I like the enthusiasm! I have a little bit of school debt but I decided to start making compound interest work for me prior to getting rid of my bill all together. I'm only $8,000 in the hole but I'd rather pay an extra thousand or two in interest now than potentially lose eight times that amount by delaying my Roth one year!
I'm going to subscribe and spread your channel around some. Hmm, open new funds with stock money or compound return reinvesting in stocks... both.
thanks for your support! congrats on your investing success!! very impressive. You've got a high risk tolerance and it's okay because you're young. You might consider active managed money (it doesn't have more risk, and the returns can be greater). Most investment firms don't handle these types of accounts, let me know if you want more info.
LimConsulting 1 year ago
Great advice. I'm 22 and I just maxed out my target retirement Roth ira for the first year and I'm working on the next $5000 contribution for April 2011. I also have a few stocks which I have about a 15% average return on. Now I just have to convince close friends that it's really easy to invest.
AmericanCritiquer 1 year ago
@AmericanCritiquer Great Job! Let me know if I can help you or your friends!
LimConsulting 1 year ago
@LimConsulting Thank you. I like the enthusiasm! I have a little bit of school debt but I decided to start making compound interest work for me prior to getting rid of my bill all together. I'm only $8,000 in the hole but I'd rather pay an extra thousand or two in interest now than potentially lose eight times that amount by delaying my Roth one year!
I'm going to subscribe and spread your channel around some. Hmm, open new funds with stock money or compound return reinvesting in stocks... both.
AmericanCritiquer 1 year ago