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Hey, so I really hope someone can help me with this. I've been really interested in investing for the past couple years. But I really don't know how to get my foot in the door. I've read multiple different 'How to's on beginning to invest but they all seem geared towards people who have graduated college and have a job and stability and all that stuff.
My dilemma is, I am a freshman in college without a career, so I have no 401k, and my insurance is covered by my parents right now, I can't afford a home to invest in, and I have no debt at all. SO, I really want to begin investing! I hear it all the time that people should start investing when they are young because it will help in the long run. But then I go looking for advice and there is none to be found!
I need help on where to start, I have about 500ish dollars in savings right now, my parents are paying for my first two years of college and rent. So I've got a year to invest while still being free of any obligation really.
Also, this spring and summer I am working and will be payed about 10,000 dollars, 8,000 of which I'd like to save/invest somehow, and then the following two summers I'll be earning about 14,000 which will be able to pay for my second two years. So I actually have a chance of leaving college with no debt what so ever, and if I can invest some money, I may have the chance to even leave college with investments.
So my question is, where should I start right now with that 500 dollars, and what should I do with the 5-8,000 that I want to invest this summer?
My dilemma is, I am a freshman in college without a career, so I have no 401k, and my insurance is covered by my parents right now, I can't afford a home to invest in, and I have no debt at all. SO, I really want to begin investing! I hear it all the time that people should start investing when they are young because it will help in the long run. But then I go looking for advice and there is none to be found!
I need help on where to start, I have about 500ish dollars in savings right now, my parents are paying for my first two years of college and rent. So I've got a year to invest while still being free of any obligation really.
Also, this spring and summer I am working and will be payed about 10,000 dollars, 8,000 of which I'd like to save/invest somehow, and then the following two summers I'll be earning about 14,000 which will be able to pay for my second two years. So I actually have a chance of leaving college with no debt what so ever, and if I can invest some money, I may have the chance to even leave college with investments.
So my question is, where should I start right now with that 500 dollars, and what should I do with the 5-8,000 that I want to invest this summer?
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