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| Investing Advice? | ||
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| O_Mega |
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Inconsistant Ownage Device
Registered Member #59
Joined: Sat Dec 10 2005, 06:12PMPosts: 1058 |
Yeah, unless you are pulling in a decent income and have low expenses $20,000 in five years could be difficult, and doing it with only $5000 to begin with nearly impossible. I assume you make enough to contribute to that considerably. | ||
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| doctorphate |
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doctorphate
Registered Member #724
Joined: Wed May 30 2007, 03:50AMPosts: 699 |
-[link]- ISA account is 3.75% and there are no fees.. you can get your money any time and add to it regularly.. thats what i use | ||
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| .4ngryToasters |
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you would
Registered Member #149
Joined: Sun Feb 12 2006, 01:08AMPosts: 2039 |
Yeah, I was hoping I could compound to that with whatever method I use. Like I said, I put at least $50 bucks into my savings account every week. So this wouldn't be my sole source of income, I would still be earning money through my job (currently only pulling in $120-175 a week, but I'm searching for a better one at the moment) | ||
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| drunkirishmafia |
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Registered Member #289
Joined: Sat Jun 10 2006, 05:17AMPosts: 1543 |
if you want some really good advice, at least better than anyone in these forums can give. you should take a look at this guy's site/book -[link]- hes brilliant when it comes to money |
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| doctorphate |
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doctorphate
Registered Member #724
Joined: Wed May 30 2007, 03:50AM Posts: 699 |
Ok well this is different... 2000$ in an ISA account will earn like 60$ a year and thats if you leave it alone.. adding to it ads more money for interest to be given on. its 3% yearly given on a monthly dividend Edited Tue Apr 08 2008, 11:49PM |
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