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Wondering about compound returns?
how do i get into it? what are the risks? I'm 19, does that make a difference? i have been working for a while and have a bit of money and want to do something to make money off of a piece of it. i read about compound investing but couldn't find the info i wanted. i also don't know the best way to go about doing it or if i shouldn't waste my time and money. please include all of the helpful information you have, it will be greatly appreciated!
3 Answers
- 6 years ago
Compound returns are really returns over time especially those with high interest so it is prudent to start early and grow money.
If you extra money why not invest over time in stock mutual funds and watch your money grow over time. That would probably be the best advice for someone like you.
- gregory_dittmanLv 76 years ago
Outside of bonds and rent, there are no true compound returns. Bonds are at a low yield right now and it takes a lot of money to buy property to rent it out.
- Anonymous6 years ago
Here's a good book on the basics: "Investing For Dummies." Most libraries have a copy. Well worth a read.
