Peter Honguest
July 4th 03, 02:54 PM
Real > wrote in message >...
> Thanks for all the replies. To answer some of the questions, I have over
> $5,000 available right now, whether I invest it all or just half of it
> I'm not sure. As far as an IRA, I'm 14 (turning 15 in August), so it'll
> probably be another year or so until I can find a job. As cars go, right
> now it looks as if I'll just wait until I'm 18 or whenever I need one
> full time, as I can walk to school and when I do need a car there's
> usually always one or the other available at home.
>
> As far as college, I haven't thought about where to go, but I might just
> stay here. We have the University of Illinois, so if I were to stay
> here, I'd probably live with my parents, atleast for a couple years (no
> dorm costs). I plan on having a job, and hopefully save much of it.
>
> I realise that by long-term, it would be decades, but perhaps I'm
> missing something in my reason of thinking. I don't need the money now,
> I don't spend much that often, I plan to get a job as soon as I can, and
> etc.
>
> Anyway, I'll re-read the posts and look at some of the suggestions.
>
> Thanks,
> Chris
>
>
> Real wrote:
> > Hey,
> >
> > I've never invested before, so while I atleast vaguely understand
> > investing in general, I'd feel more confident in hearing the opinions of
> > others. Anyway, I've been looking at SRI mutual funds, with Parnassus
> > specifically. Does anyone have any opinions on Parnassus or SRI funds in
> > general?
> >
> > Would a mutual fund be the best move for a teenager that doesn't plan on
> > touching the money for a while, so, for a long term investment? Any
> > suggestions, or good mutual funds to look at (doesn't have to be SRI)?
> > I'm new to all of this, so..yeah.
> >
> > Thanks,
> > Chris
> >
Chris,
You already have a handful of good advice so I just express my
opinion. I'd like to introduce an alternative approach for you:
heuristic portfolio strategy. Its performance tests outperform the
best mutual funds in all 3-year, 5-year and 10-year terms. You will
have a chance to play around and learn before making your decision.
Best of luck.
Peter Honguest
http://www.HPiSolutions.com.
> Thanks for all the replies. To answer some of the questions, I have over
> $5,000 available right now, whether I invest it all or just half of it
> I'm not sure. As far as an IRA, I'm 14 (turning 15 in August), so it'll
> probably be another year or so until I can find a job. As cars go, right
> now it looks as if I'll just wait until I'm 18 or whenever I need one
> full time, as I can walk to school and when I do need a car there's
> usually always one or the other available at home.
>
> As far as college, I haven't thought about where to go, but I might just
> stay here. We have the University of Illinois, so if I were to stay
> here, I'd probably live with my parents, atleast for a couple years (no
> dorm costs). I plan on having a job, and hopefully save much of it.
>
> I realise that by long-term, it would be decades, but perhaps I'm
> missing something in my reason of thinking. I don't need the money now,
> I don't spend much that often, I plan to get a job as soon as I can, and
> etc.
>
> Anyway, I'll re-read the posts and look at some of the suggestions.
>
> Thanks,
> Chris
>
>
> Real wrote:
> > Hey,
> >
> > I've never invested before, so while I atleast vaguely understand
> > investing in general, I'd feel more confident in hearing the opinions of
> > others. Anyway, I've been looking at SRI mutual funds, with Parnassus
> > specifically. Does anyone have any opinions on Parnassus or SRI funds in
> > general?
> >
> > Would a mutual fund be the best move for a teenager that doesn't plan on
> > touching the money for a while, so, for a long term investment? Any
> > suggestions, or good mutual funds to look at (doesn't have to be SRI)?
> > I'm new to all of this, so..yeah.
> >
> > Thanks,
> > Chris
> >
Chris,
You already have a handful of good advice so I just express my
opinion. I'd like to introduce an alternative approach for you:
heuristic portfolio strategy. Its performance tests outperform the
best mutual funds in all 3-year, 5-year and 10-year terms. You will
have a chance to play around and learn before making your decision.
Best of luck.
Peter Honguest
http://www.HPiSolutions.com.