[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vip /vp / vr / w / wg / wsg / wsr / x / y ] [Search | Home]
4Archive logo
For my 21st birthday my Uncle opened a bank...
If images are not shown try to refresh the page. If you like this website, please disable any AdBlock software!

You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 14
Thread images: 3
File: 1450763391528.jpg (161 KB, 750x732) Image search: [iqdb] [SauceNao] [Google]
1450763391528.jpg
161 KB, 750x732
For my 21st birthday my Uncle opened a bank acounnt in my name with $500 on a mutual fund investment (tax-free).

Im really noob at investment, but at least I have $500 to play with. Do people just leave money on the mutual savings or is there some tricks I have to learn?

Like I said, he literally just gave it to me to get my feet wet.

For reference this is the name of portfolio: https://www.tdassetmanagement.com/fundDetails.form?fundId=6321&lang=en

Please help,

confused investor.
>>
>>1032474
500$ can only bring something if you go into penny stocks, for everything else it is to miniscule.
>>
>>1032488
I thought so.. So best I should leave it running here, and check back in maybe 5 years?
>>
>>1032490
it is not a fund that will outperform, if your uncle put 500$ in it in 2015 you've got 6,50$ out of it.

you can use it in a compound interest manner and everything you earn and can spare you put into that fund. with time if we say ideally your fund will have 5% average yearly performance and you put 5000$ in it every year, you will have 29 000$ in 5 years.
>>
>>1032474

$500 is nothing.

You can add to the fund, but as of now it will never earn you anything, or take the money out and spend it on a business investment.

Like a cleaning company for ex.
>>
>>1032520
I dont mind putting in 500$ into it every month. Basically its like a savings account with a chance to lose/gain with "balanced" risk?

I dont mind not touching the money in 5-10 years. I just want to set it and forget it, and add into it every month.
>>
>>1032528
>but as of now it will never earn you anything

Why not? Even in 5 years?
I am willing to invest $500 into it every month
>>
>>1032529
then do it, risk is not something you should really worry when looking at your fund, unless something major happens to Canada.
>>
>>1032528
>$500 is nothing
I literally started with $500 and almost got to $3000 in two years just by longing and shorting (esp shorting) big cap/mid cap. it was some sort of day trading tho
>>
$500 is the same as $0. Is how much you *regularly* put in that will boost your gains through compound interest.
>>
>>1032570
>$500 is the same as $0

Is this a meme?

I will make gains but small. So yes, I will be putting into it
>>
File: 4FhOuWZ.png (75 KB, 1900x274) Image search: [iqdb] [SauceNao] [Google]
4FhOuWZ.png
75 KB, 1900x274
Everyone in this thread is fucking retarded. $500 isn't anything spectacular, but you can grow an account with it pretty quickly if you're smart and use options.

Also, your money is in a mutual fund meaning you have no access to it, because it's in a fucking fund. Just let it sit and grow. You're obviously too retarded to trade stocks anyway.
>>
>>1032529
Do a calculation. Basic compound interest.

The DJIA is outperforming it for the previous 3 years. And keep in mind in 2005 only half of fund managers beat the S&P.

Find out what risk/return you want. if its totally disposable go for it
>>
>>1032474

>moderate long-term capital growth

The fund objective is right in their in the description OP.

You don't play with the $500. Just leave it alone and it will slowly grow by itself, or add in more money and it will grow slightly faster.
Thread replies: 14
Thread images: 3
Thread DB ID: 386354



[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vip /vp / vr / w / wg / wsg / wsr / x / y] [Search | Home]

[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vip /vp / vr / w / wg / wsg / wsr / x / y] [Search | Home]

All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the shown content originated from that site. This means that 4Archive shows their content, archived. If you need information for a Poster - contact them.
If a post contains personal/copyrighted/illegal content, then use the post's [Report] link! If a post is not removed within 24h contact me at [email protected] with the post's information.