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Nathan · 01-29-2008, 10:45 PM

Im currently in a Finance class, and a lot of what we are learning about is really making me want to start investing money. Im only 21 years old, im a college student, and work part-time, so I dont really have a lot of cash I can lock up into an investment. Whatever I do, I want it to be something I can handle on my own (I dont want to pay someone to invest for me), and it be something I can do in very small increments of cash.

Everyday when I come home I throw all my change into this jar to be rolled later. I was thinking that for starters I can start converting all of that change into investments. Its not money I rely on, and when I cash it all in I always end up blowing it on something stupid. I was thinking about possibly buying government bonds with the change money, since I can easily do this myself via the internet, and I can buy bonds in increments as small as $25. They can be cashed in at any time after a year, and the only penalty is the last 3 months interest is lost. They continue to mature for 30 years, earning 3-4% interest annually. Its not much, but its way better then what my change would be getting sitting in my room.

Im also about to set up a 401K up with my workplace, and start investing a small percentage of each check towards it. The bottom line is I want to do everything I can to help make sure im set once I retire. I dont want to have to work till im 70 years old, and when I do retire I want to be able to live rather nicely. I dont think many people my age even consider investing, but I figure the sooner the better, since investments are all about time and patience.

With my tax return coming soon, and the possible economic stimulus package, I was thinking this may be a good time for me to take some of that money and invest it. I was just wondering what ways you all are currently investing, and what would be a good way for someone with little disposable income to get started. Also what about stocks? Any brokerage site suggestions?

Any help or feedback regarding investing would be appreciated it. Im currently just in the research phase. I want to make sure I really figure out a plan before I jump into anything major.

01-29-2008, 10:45 PM	#1 (permalink)
Nathan Nasty Nate Join Date: Aug 2003 Location: Michigan Posts: 627 Internets: 4881	Investmenting Options/Suggestions... Im currently in a Finance class, and a lot of what we are learning about is really making me want to start investing money. Im only 21 years old, im a college student, and work part-time, so I dont really have a lot of cash I can lock up into an investment. Whatever I do, I want it to be something I can handle on my own (I dont want to pay someone to invest for me), and it be something I can do in very small increments of cash. Everyday when I come home I throw all my change into this jar to be rolled later. I was thinking that for starters I can start converting all of that change into investments. Its not money I rely on, and when I cash it all in I always end up blowing it on something stupid. I was thinking about possibly buying government bonds with the change money, since I can easily do this myself via the internet, and I can buy bonds in increments as small as $25. They can be cashed in at any time after a year, and the only penalty is the last 3 months interest is lost. They continue to mature for 30 years, earning 3-4% interest annually. Its not much, but its way better then what my change would be getting sitting in my room. Im also about to set up a 401K up with my workplace, and start investing a small percentage of each check towards it. The bottom line is I want to do everything I can to help make sure im set once I retire. I dont want to have to work till im 70 years old, and when I do retire I want to be able to live rather nicely. I dont think many people my age even consider investing, but I figure the sooner the better, since investments are all about time and patience. With my tax return coming soon, and the possible economic stimulus package, I was thinking this may be a good time for me to take some of that money and invest it. I was just wondering what ways you all are currently investing, and what would be a good way for someone with little disposable income to get started. Also what about stocks? Any brokerage site suggestions? Any help or feedback regarding investing would be appreciated it. Im currently just in the research phase. I want to make sure I really figure out a plan before I jump into anything major.
	Last edited by Nathan; 01-29-2008 at 10:47 PM.