IRA’s: It’s Never Too Early to Start Thinking About Retirement

By Dan Stringer

Retirement? But I’m only 14. You may be, but by investing now you take advantage of over 50 years of compounding interest. Investments made by you from income earned from either a part-time job or your self-owned business are an excellent way to save for retirement. The money you save as a teen could grow to over one million dollars by retirement age. So, how do you get started? An excellent way to do this is through the use of an Individual Retirement Account or IRA. This is an account set up by you and your parents, if you are under the age of 18, which has excellent tax advantages for the long term.
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By Dan Stringer

As the Social Security Administration flounders into the new millenium the public is realizing that it is they, not the federal government, who will be responsible for their well being in their retirement years. An excellent way in which people can prepare themselves for what is today an average retirement period of 15 years is through the use of an investment club. An investment club is a place for novice and seasoned investors alike to broaden their knowledge of the financial markets. Clubs are generally from twelve to twenty people who share an interest in investing for fun and profit, they are generally set up as a limited partnership which is the easiest and most economical entity to form. They insure that while you may not be a Rockefeller at retirement you will have taken the necessary steps to insure your financial future. They offer priceless opportunities to share information, ideas and strategies, and provide the tools needed to help you make informed market decisions.Read More

Plugging into Your Portfolio

You hear it from your folks or anyone who starts talking shop about money with you. “The sooner you start investing the better,” they say. Then they launch into a chat about their portfolio and how it’s looking today, and how much money they’ll have when they retire. You decide you want to build one of these miraculous collections of stocks, bonds, and mutual funds so you can say how rich you’ll be when you retire, too. So how do you go about plugging those dollars into a portfolio in today’s market? Well, YB’s got some steps for you to take that will lead you into investment-ville.
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Staying Safe in Investing

By Garrett Bryce

Despite their recent dive, you get an email in the morning alerting you to a rebounding tech stock. But you’re already late for class and the advice: "Hot stock tip, you can’t pass this up!" ends up haunting you though the day. Should you buy into the hype or let it go? Getting into good investments can make you some hefty cash, but going in on stock hype can herd you right into a scam and leave you busted.
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Wall Street Wannabe

By Marie Havenga

Farrah Kingsby, 12, is a typical American kid. She likes to hang out with her friends, shop at the mall, go to movies, and read books. But while her buds are busy peeking through the latest Harry Potter, Farrah’s reading selection is something very different…Understanding Wall Street.
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By Marie Havenga

Forget the hit TV game show. If you’re a teenager and you want to be a millionaire, head out the door and grab a Roth IRA (Individual Retirement Arrangement) application.
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Day Trading Can Lead to Some Real Nightmares

Who wants to be a millionaire…what a silly question. Who doesn’t want to be a millionaire is more like it. And the final answer is that no one wants to be left out of the money-making ventures that are popping up faster than you can say dot-com. Long-term saving and investing with mutual funds and well-researched companies seems to be the name of the game these days. But for those who think they can click, buy and sell with the best of them, online day trading has become the wave of the future that sometimes rides on a misleading current.