Norma Marsalis: my recommendation:1. Investing part if not whole of this money will be a great idea. it is always good to start as early as possible in the investing world. I would say that if you decide to go ahead and start investing do that in some good mutual funds with very low maintenance cost. Vanguard is the best mutual company around as per best of my knowledge. If you don't like fluctuation in market you can put this money in some CD's and enjoy great return when you graduate. Good Luck!...Show more
Jerrod Guilfoil: Stock market is just like any other market, where in you buy and sell things. The only difference here is that you buy and sell stocks or shares in the stock market. You buy a stock at a lower price and sell it at a higher price - so that you make profit. This is the basic working of the stock market. You can read more about the basics of the market in the link given below :
Codi Manchel: You should buy a cheap car $5k or so, the number o! f cars totaled by 18-21 year olds is very high, while you might be a good driver the odds are against you and losing the $15k in an accident is painful. i speak from personal experience.I would keep $5k in savings for emergencies, $5k for a car and start learning about investing by buying 5 quality stocks at $1k each. make sure the 5 stock are atleat $5 billion in market cap and each one is in a different sector. DON'T make the mistake of penny stocks, microcap stocks like biotech etc. there is one newsletter theat cost $79 a year that has great advice on stocks i highly recommedn it. it is called oxford club www.oxfordclub.com.The only bad thing about it is they will send you with the nesletter via mail or email additional newsletters to buy from $99-$5000+. Do not buy any of the additional ones, they sometime work and sometimes do not, so far i have produced a profit from any except the base newletter. they will sound very tempting 100% in 3 months etc. Avoid them period! .Cars are depreciating assets (worth less over time except in ! rare circumstances) so just buy what you need to get aroundgood luck....Show more
Rachal Osaki: there is a few lacking information right here: an activity value or some thing. besides the incontrovertible fact that, you will desire 24,000 a year for 2 many years, commencing at year 30. The formulation for the PV at time 30 is An: (a million- (v ^n))/ i , despite i is. The PV at now's that expression, circumstances v^30, the low value element.
Pasty Cobbett: i am going to a job interview for a media company, they might ask this question
Kandi Lough: Invest. I had the same choice upon graduation and chose the new car. You will only realize years later how smart the decision was. I just would not put in all the stock market. It is much better to start a long term portfolio divided into all the major asset classes, not just stocks.
Elden Dedon: I's good that you're interested in the stock market, Warren Buffet bought his first share at the age of 11.! You actually have learned most of the math required in that you've probably learned the summation of a geometric series. Of course few people understand it and they teach many more equations which are all just derived from it. However as you're less than 18, you would need your parents or guardians permission to open a custodial account to trade with, the account is still under your name and will be completely yours when you're 18 but under your parents authority. As to the movie "Limitless", if you have dollar signs in your eyes, get rid of them, that was a movie, there's a lot more to investing then just intelligence, you also have to learn what you're doing. Attempts to get rich quick will simply cost you money, there is an optimal level of risk for growth and it's better to be on the conservative side of it....Show more
Lou Ravelo: Do you really need a car - if yes, buy something cheap. If not, keep it in a high yielding CD for 6 months.Get a job in col! lege if you can. Put that money aside.Before you know it, you'll have ! tons of money set aside....Show more
Shon Almquist: This site might interest you. It is specialy for beginners: q&A, Forum etc. http://www.shareworld.co.uk
Nikki Sypult: first invest then u have ample time to buy car good luck
Peggy Sandefer: I had a Business Math class back in middle school and we were learning about the stock market and considering that i was in middle school i paid nooo attention and now im thinking to myself..what is the stock market? and how to get in it/use it? are there a set of rules or money quantity that i need to get it? I just finished watching the movie "Limitless" and he was using the stock market and thats how this got into my head. What i want to know is what is the stock market,how to use it,what are the requirements and if i can use it even if im in high school. thank you guys :)...Show more
Jeannetta Gaffigan: I am a 22 year old man and I am thinking of buying some stocks but I really do not have a clue what to ! do. If i buy lots of stocks in a company now, wait for years can I just sell them back and get more money? Is that how it works. If anyone has enough free time to explain stocks and shares to me I would really apprechiate it. Thanks:)
Eulah Hugill: Buy a reliable car. If you keep this one, all you're going to be doing for the next two years is pouring money into repairs which is about as opposite to investing as you can get. Invest once you're out of school; for now, your best "investment" is a reliable car that's not going to have to be repaired every time you take it around the block.
Tillie Wynott: First rule of growing money: never invest in anything that eats or requires maintenance. Unless you have a need for a nice car, I would buy a cheap car, and invest the rest in a short term CD while you took some time to learn how to invest. Good luck.
Russel Gajate: You have to be 18 to trade on the stock market. Buying stock is like buying a small pi! ece of a company. The pieces are called shares. The more shares you buy! , the more stake you have in the company. Then if the value of the shares go up, you can sell and turn a profit (or the flip side and lose money).
Michel Mccaulley: 1. Hope you are talking about valuation of shares.2. There are several techniques of valuation of shares:i. Book value method: (Paid-up capital + reserves - balance of loss - ficticious assets)/number of sharesii. Intrinsic worth method:(Market value of assets - outside liabilities)/number of sharesiii. Yield method: Suppose a share of $100 is paying a dividend of 10%, and suppose the acceptable yield is 8%, the value of share will be:100(10/8) = $125iv. Present Value Method:Future cash inflows from the share for about 5-10 years discounted by the Required Rate of Returnv. CAPM Method:Please read at:http://www.investopedia.com/terms/c/capm.asp2. After doing valuation by various methods, an average should be taken, as different methods will give different results. This should be considered as a fa! ir value of share....Show more
Danette Slotnick: Depends on where you are going to school. If you don't need a car, don't buy one. Invest that money in balanced mutual funds if you're consevative, tech stocks if you can handle some risk. You are young so you can take some chances. Def. get a job in college if you can. Sounds like you've got smarts and a good work ethic. You'll do fine
Jose Bouliouris: Buy a cheap toyota and honda which wont depreciate. THe 15K car will lose a thousand a year at least. Put the rest in a CD or high yielding money market fund like Vanguard Prime which is yielding over 5%.
Marvel Mcaulay: Do both. Invest in a vehicle which may appreciate or which you can buy under market make improvements and resell. Often doing a in depth cleaning and fine tuning of interior and exterior finish can result in a nice return on your investment. You must do your research. Many times a pick up serves this type situation good.
Eldridg! e Rieves: I think it's smart that you don't want to spend all that mone! y on a car. 4 years of college means that a 15k car today might me worth somewhere around the 5k mark by the time you graduate, if you're lucky. About investing, have you tried asking your father for advice? I don't know what your relationship is like between you and your dad, but I'm sure if he's around to talk to you, he may be able to give you some sound advice....Show more
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