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Beginning Investing

Posted by onehourinvesting • 3/28/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: beginning investing

Over the last few years, I've been thinking of beginning investing for my seven year old boy. We've been saving up some money and are now ready to choose between:

1. US Savings Bonds
2. Precious metals like gold and silver
3. Stock index fund

Does any one have any experience of what might be best if you were just beginning investing?

onehourinvesting.com

User Comments

3/28/09

Agit8r

I don't have any such experience, so I'll soapbox instead.

DON'T SUPPORT THE CORPORATE LEVIATHAN!

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3/28/09

Bl3ssed

I'm probably just as useless here. However I'm about to start doing the same thing for myself once I get the money to spare. I've been looking into the investment option PayPal offers. From what I can see it looks pretty good.

[reply]
3/28/09

Agit8r

PAYPAL IS INTEGRATING THE INTERNET INTO THE CORPORATE LEVIATHAN!

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

[reply]
4/04/09

blackbeltproject

The fund managers of most mutual funds don't beat the overall market returns and typically those funds also carry higher expenses. For most beginning investing, the best choice is probably a no-load low expense stock index fund that mirrors the returns of the S&P 500.

investmentsforbeginners.blogspot.com/2009/04/beginning-investing.html

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4/04/09

zamanian

What worked 10 years ago will no longer work today. I assume you live in the US, and thus in US dollars. We are printing incredible amounts of money, and bonds will devalue along with everything else. I think having a significant amount of your money in precious metals would be the safest and best bet for atleast the next decade. Be careful of how you do that, since a lot of the paper routes of doing that arent as safe as you may think. I actually just did an entry on my site regarding Precious metal ETFs.
Good luck!

zamanian.com/content/index.php?option=com_content&task=view&id=103&Itemid=9

[reply]
1. 4/04/09
  
  onehourinvesting
  
  We're also considering precious metals too because I also feel like that inflation is in the near future. We are considering physical gold and silver as a first step, probably silver for a small beginning investor. I don't trust the funds to have on hand the gold or silver that they supposedly invest in.
4/04/09

chicky401

I am not sure that I can offer the best advice for long term. Everything is crazy now. I have been taking advantage of stock prices for the short term and making out good but I don't want to steer you wrong long term investing.

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