need advice on investing.

[malloynx]

here is the deal. I 'm 25 and i want to start putting some of my cash away for later in life. i really have no idea to start. i'm looking for a long term investment so when i'm old and crusty, i'll have some cash..

i really have no idea where to start.. i want to start with about 2,500$ and add monthly to it. any advice..???

 

[suprasport91]

we have always done commodities...but it is a sloe gain ( sometimes spikes...) but you have to pay attention, anyways jsut wanted to say something...

 

[SupraMario]

get into a company and start paying into a 4O1K

 

[kwnate]

I think real estate is an excellent investment.

 

[suprasport91]

depends where on real estate, and on 2500, real estate isnt gonan happen..

 

[suprasport91]

lots of options, stock, cd's...buy a book on investing

 

[kwnate]

depends where on real estate, and on 2500, real estate isnt gonan happen..

Gotta start somewhere! Now is the time. My friends parents retired at 50 after selling off real estate investments. My boss probably has about 30 million in real estate investments. He had nothing when he was 25.

 

[Suprastic]

Gotta start somewhere! Now is the time. My friends parents retired at 50 after selling off real estate investments. My boss probably has about 30 million in real estate investments. He had nothing when he was 25.

Its true. I'm only 21 and I started investing in housing a little over a year ago. I've also bought shares in my dads company and started up a retirement fund. RSP's grow slow but I can start seeing full potential of the house in a few years. After I have this house paid off, I'll begin a new investment property. Possibly a condo or house in a 4 season resort area. If I bought a $300,000 (avg $) condo in Hawaii and the agv rental cost for 2 weeks is $2500. The full benefits of the investment start to become noticable. You begin to make cash and make another investment aswell. Thats probably exactly how Nate's boss has over $30mil in investment properties. With todays climbing real estate cost this is a very good investment.

 

[92Turbo]

I would start by saving money monthly, and look to by real estate in the future. Real estate is a very sound way to invest money. My father buys houses at low cost, holds on to them for a while, and sells them for good profits. Im looking to buy my first property at a county sale in the next few months. Just my opinion as I am about your age, and starting my investments.

 

[americanjebus]

start saving monthly and when you get enough just buy acerage outside of a city's limits, sooner or later the town will grow, housing needs will climb and your acerage just out of town will be declared within city limits thus spiking the value, housing needs will come arround and when people start building next to you the property will jump. some homes arround here were just plain lots at $80k, now with homes built arround them and suburbs popping up within 4 years that same property is over $240k. try it. Thats what my uncles do except they go to canada and mex, where foreigners go to make vacation homes and they are doing EXTREMELY well, my uncle is 45 and has BOTH his dream homes. its my plan too.