FundRobot » Best Funds » I have $2700 as college student with free ride and more, is it a good idea to start investing?

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Old   #1 (permalink)
 
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Default i have $2700 as college student with free ride and more, is it a good idea to start investing

here is a list of facts about me and maybe the yahoo community can tell me if I am ready or.. if Im not,

1. I have a full time job getting paid around $9.00/hr
2. Tuition is paid for and I am even getting paid to go
3. I read Warren Buffett's book "How to interpret financial statements" And my degree is in accounting so I am pretty much interested in just earning interest off stocks ;). Long term.
4. I grow my savings each week by $120
5. I want to only invest about $1,700 out of the $2,700
6. My parent and some of my peers think it it is to risky, and that I should keep saving, however I feel an itch to invest, and I love the concept of having money working for me.
7. I have no debts, and will forever avoid debt and those credit cards.



-Well Yahoo Community what is your input? should I invest? How early in your financial life did you start investing :)?
TheGreat33 is offline   Reply With Quote
Old   #2 (permalink)
 
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Default i have $2700 as college student with free ride and more, is it a good idea to start investing

if you have 9 months expenses in savings for an emergency fund then you can start investing your extra money.

if you don't have an emergency fund started then you should use that money to start one.
Money07 is offline   Reply With Quote
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Old   #3 (permalink)
 
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Default i have $2700 as college student with free ride and more, is it a good idea to start investing

any time you plan to invest it would be ONLY for money that you can afford to lose
you may have a job paying $9/hr is not all that great, and if you don't have school expenses this is a boost for you but almost any investing is a gamble and not everyone reaps huge benefits
if you can afford to lose the money, by all means, invest
hopefully you will be the successful one
Cash754 is offline   Reply With Quote
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