We are an immediate loan specialist in West Norriton, and we are quicker and more advantageous than run of the mill retail facade banks since we're based on the web and are open constantly. No compelling reason to sit tight for "ordinary business hours" or invest energy flying out to the store — our short application can be finished in not more than minutes. You can even apply from a cell phone while you're in a hurry!
We can loan up to $500 to West Norriton occupants, in view of qualifying elements. On the off chance that endorsed, your credit will be expected on your next payday that falls in the vicinity of 10 and 31 days after you get your advance. Nitty gritty data with respect to expenses and reimbursement is accessible on our Rates and Terms page. As you consider whether an advance is proper for your prompt needs, you ought to likewise investigate other subsidizing alternatives. A payday credit is a genuine budgetary duty, and not an answer for long haul issues. Getting from a companion of relative may be a superior alternative.
Hey everyone! Today my son is 1. =) I am giving him $1000 and want to put it away till he turns 21 years old. I'd like to put it somewhere that would collect a nice compound interest over a 20 year span, but have no idea where to look. Example: Let's just say, you have $1000 dollars, get a 20% compound interest over just 10 years, that would give you a little over $6000. Not bad for $1000... Now 20% is not realistic typically. I believe there are a few stocks right now that are trading in the $5 spot that will hit $20 at least by the next 10 years, definitely 20 years. Should I buy a couple of bonds? sadly, I Savings Bonds are at 0% for the past 6 months, in 98 it was at 3.40%, which is not bad, if added every 6 months. I was thinking about buying a few EE bonds, as they can be purchased at half their value, $50 for a $100 bond, and they reach their full value at 20 years. That is a 50% return, but the compound interest is currently at 0.60% per year, and that is low. The interest was 13.05% in 1982. What would you do? all stocks, a few stocks and bonds, just put it in a fund? wait till silver comes down to $10 a oz and buy a bunch of silver? Thank you!
Congrats on your son's birthday. Since you are considering investing for at least 5 years, stocks are the typical choice. 20 years is a long time and you can invest with a fair amount of risk...exactly how much is up to you. Savings bonds are not doing very well and probably won't for the next few years at least. They are safer though; but as said previously 20 years is enough for something more aggressive. An index fund would be a good choice to protect you from any one company, industry, or geographic area. But expecting a 20% return for an extended period of time is completely unrealistic. The S&P 500 has over decades given an average of about 12% growth. That would give you about $9600 after 20 years, but that's before taxes, fees etc and not guaranteed. Plus inflation will eat up a lot of that buying power. Choose a place that won't rip you off with loads (sales charges) and fees. Try Vanguard, Schwab, T. Rowe Price, or Fidelity. The big bank places and Morgan Stanley usually charge you up the behind. Do some reading like Investing for Dummies for a good intro. I wouldn't wait for any commodity to come down to a certain level. You just lose investment time, and throwing all your eggs into one basket is not prudent.
It depends more on whether or not you have a particular purpose in mind for the money. If education is the goal, then a 529 plan is the hands down easy answer. See consumer advocate Clark Howard's guide: savings is the goal, then i-Bonds at Savingsbonds.gov is the best choice. If a a new car, a trip to Europe or a wedding is the goal, then you will need a custodian account at a brokerage like BuyandHold.com invested in a broad stock index mutual fund (the stock ticker VTI or pennsylvania would be my suggestion). --------------------------- I-bonds are for savings and protection. The stock market is for growth, but it also includes a great deal of volatility and risk. There are zero guarantees that you have more than you started out with in the end. Unless you intend on making investing a serious hobby or a second career: stick to the "no-brainer" options in stock market investing -- diversified, low cost, index funds (both VTI and pennsylvania are these kinds of funds. VTI invests only in the US market. pennsylvania invests in both the US and around the world)
Buy a good growth Mutual Fund. $10,000 with a twenty percent annual average rate would equal: $7,268.25 There is no Mutual Fund that has an average annual rate of 20% for a 10 year period. (that would be a fund of stocks, managed by professionals).... so you getting an average 20% return would be better than most professionals). Stocks trading at $5 or less are considered penny stocks. Most penny stocks are trading at less than $5 because there is a larger risk of them failing (going out of business) than higher priced stocks. A $50 stock doubling to $100 is no different that a $5 stock going to $10... both would have a 100% increase in value..... except the $50 stock/company is more likely to be around in 10 or 20 years statistically. You "believing" the company will grow so well in 10-20 years sounds great... but if it was that easy.... everyone would be doing it. Buy his father a couple of basic books on investing so he doesn't have to use strangers to plan his future. Start with: Mutual Funds For Dummies
You should look up in American Century Investments, My uncle put about 500 dollars (1996) for my investment and I couldn't touch it till I am 27 and right now it about about $1,100 (It would have been much higher if it wasn't for 9/11) I am 25 right now so I have 2 years to be able to take money out (without being fined) With that amount of money you willing to invest I would say that would be a great way to start looking