August 23, 2007

Recent college graduate looking to learn where to invest $3000?

I recently graduated college. I have $3000 dollars to invest however, I don't know how to get started. I'm looking for an investment that will yield a reasonable gain while not taking on to much risk. Are mutual funds the way to go? If so, please suggest a fund.

Comments

LifesaPretzel: Do you have any debt? Credit Cards? Student Loans? If so, at what interest rate(s)?
JeffaMarry: 600 dollars on a credit card with 21% interest, which I am planning to pay off soon. No student loans to worry about. Ideas?? Anyone?
mannyensonora: I strongly disagree with getting an MBA.... unless you have the money, I wouldn't take on that debt for an 80k student loan, unless you like debt, but I don't think you do. I would try to find a good investment property with some passive income.

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August 24, 2007

Posted by CramerFanatic

4 stars ( 1 rating )

I completely disagree with LifesaPretzel safe approach to investing. A Roth IRA after college? Come on. Now is the time in your life when you should be taking risks. No one puts it better than my idol Cramer:

“Young people can take more risks with their money, because they can afford to lose more money. If you’ve got more time to earn back your losses, you can afford to take bigger risks. A risky stock like Conexant is perfect for someone just out of college. You can count on me to give you honest and good advice, but I’ll get it wrong sometimes, and when I do, if you’re acting on my recommendations, it’s possible you’ll lose money.

If I were in your shoes, I’d rather lose money as a recent college grad, who has a whole career to earn it back, than as a retiree who’s depending on that income for rent, or medical bills, or food, or yacht fuel. That’s why, on my “Back to School” tour, I offer college kids some of the riskiest alternatives out there. That doesn’t mean you can’t make money as you get older; it just means you should pay more attention to my conservative stock picks and a lot less attention to the sexy-looking speculative ones.”

August 24, 2007

Posted by LifesaPretzel

2 stars ( 1 rating )

First and foremost pay off your credit card. No investment is going to return 21% without taking on a lot of risk.

Next, consider going back to school and getting an MBA. MBA graduates on average make 84 percent more than college graduates.

Next in line would be to start a Roth IRA account.

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