New to investing (in anything)

[chris198]

Ive got around $800 from working part-time, yes thats ALL my money, I'm currently 18 (19 soon) And I was wondering if I should dump my dollars into silver bars. The problem is, what happens if I invest all my money in silver, than need to buy a item from a store? I need information, any suggestions, comments, anything, I'm extremely new.

And is this a good price? http://www.apmex.com/Product/27086/1_oz_APMEX_999_Fine_Silver_Bars.aspx

 

[Allen72289]

Powerful bankers are predicting an economic crash worse than the depression to happen soon.


I would buy gold if I were you and wait for the crash.

If you are able to still invest the gold I would buy the stocks when they're at record lows in the crash.

I have found that listening to the statements of big wigs (since they can print money out of thin air) is the most accurate way to predict the market.

That seems like a fair price.

 

[james1844]

I would ignore the naysayers on this board who are talking about a crash. If I were you, I'd open up a ROTH IRA and buy shares in a low cost mutual fund.

You might consider the vanguard group, they have several excellent and cheap index funds!

Its excellent that you've decided to make this choice and good luck investing!

 

[pavilion33]

I've been told to stay away from silver bars because crooks will drill them and fill them with lead.So some folks will not accept them .If you buy any silver get rounds(coins). But spread you money don't put it all in one pot.

 

[forsmant]

If you need that money to live, don't invest. A money market account can work like a checking account with a good interest rate. As long as the Fed doesn't cut rates again. Some money market accounts have a minimum withdrawal.

 

[chris198]

If you need that money to live, don't invest. A money market account can work like a checking account with a good interest rate. As long as the Fed doesn't cut rates again. Some money market accounts have a minimum withdrawal.

No, I live with my parents, and its currently in my checking account.

 

[shrugged0106]

Find a way for that money to make you more money. Also, read rich dad/poor dad. It's perfect for someone in your situation

 

[Cleaner44]

If you want to buy silver, which is good, I would suggest going with Silver Eagles and maybe some junk silver. Junk silver is what they call old quarters and dimes from before 1964, they are about 90% pure compared to Silver Eagles that are 99% pure.

 

[chris198]

If you want to buy silver, which is good, I would suggest going with Silver Eagles and maybe some junk silver. Junk silver is what they call old quarters and dimes from before 1964, they are about 90% pure compared to Silver Eagles that are 99% pure.

You mean, these?
http://www.apmex.com/Product/27024/1_oz_APMEX_999_Fine_Silver_Rounds.aspx

 

[voiceactivated]

Good rule of thumb for your $800 and for the rest of your life's earnings: invest 10% for retirement, save 10% for large expenditures (new car, house), spend the rest wisely for living expenses. Also, move out of your parent's house as soon as you can. That will teach you self-reliance and the value of a dollar.

 

[Kingfisher]

Thats not a bad price for a small amount of silver. Check out: http://www.coloradogold.com/....His prices are better but he deals in large amounts.

 

[Dave Pedersen]

pay about $105 for each 100 Roosevelt silver dimes (pre 1965) on eBay that price should include the shipping. Buy some soup like Progresso which does not need water. Study your bible at

www.shepherdschapel.com

 

[Kingfisher]

http://www.gold-eagle.com/ and http://www.goldseek.com/

 

[Tn...Andy]

800 bucks and 18 years old ?

Invest in yourself. Go take a vocational course in how to do something practical, like carpentry or auto mechanics and use whatever you have left to buy good tools.

Tools and knowledge will make you more in the short run than any investment.

 

[Cleaner44]

You mean, these?
http://www.apmex.com/Product/27024/1_oz_APMEX_999_Fine_Silver_Rounds.aspx

No, while those are good silver pieces, Silver Eagles are readily exchanged.
I mean these: http://www.silver-eagle-coins.com/2007SE.html

 

[Dieseler]

800 bucks and 18 years old ?

Invest in yourself. Go take a vocational course in how to do something practical, like carpentry or auto mechanics and use whatever you have left to buy good tools.

Tools and knowledge will make you more in the short run than any investment.

Good advice.
Also Learn to farm, hunt, and knife fight.

The coming years will make the L.A. and Watts riots look like... well...Like they were.
Isolated.
Don't get anyone pregnant until your sure what your future holds now.