I'd like to begin investing. I currently have an American Century Giftrust which was opened for me in 1995 with one deposit from my grandmother and not touched since then. It hasn't done much, an average 5.25% return (low, due to the economey a few years ago I assume). It will be available in about 3 years (when I'm 25), and I plan on keeping it open and depositing more. The past 1 year has shown an average of ~17% return. But in the meantime I'd like to consider other options as well.
I do not know anything about investing or stocks. Anyone have any good information or can anyone point me in the right direction? I understand the higher the risk the higher the potential return. I'm willing to go slightly risky since I am young, but am in no position to loose everything I put in.
I am considering depositing approximatly $100-$200 per month. I am paying school loans and would like to get those payed off before I start investing alot.
I don't even know where to start. I'd like to learn what options are available, and the pro's and con's of them.
Any info is appreciated!
TIA
I do not know anything about investing or stocks. Anyone have any good information or can anyone point me in the right direction? I understand the higher the risk the higher the potential return. I'm willing to go slightly risky since I am young, but am in no position to loose everything I put in.
I am considering depositing approximatly $100-$200 per month. I am paying school loans and would like to get those payed off before I start investing alot.
I don't even know where to start. I'd like to learn what options are available, and the pro's and con's of them.
Any info is appreciated!
TIA
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