Investing in a foreign bank is not a good idea:
1) You need to change dollars to and from another currency, with fees both ways.
2) The foreign currency can drop, causing you to get less money back even if the foreign interest rates are higher.
3) Based on your question, I think you need to learn more before taking on currency risk.
If your eventual employer has a 401k plan, invest at least enough to max out matching funds.
If not, consider a Roth IRA with a nice low-cost index fund from Vanguard.
Ehm..
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Great wealth? I would love to hear your definition.
Buying a 10 year bond will not even keep up with inflation. You would be better off buying collectibles, like silver coins or beanie babies.
Go to Yahoo Finance and read all the articles. Follow the links. In no time you will realize what you are considering is "inappropriate".
Pay off loans first, you won't match what every you are paying with bonds.
I would pay off your loans first, thats more important as you wont have that burden on you anymore.
Senior in college who lives an exceptionally frugal lifestyle interested in learning how I could gain some great wealth well into my 30s?
I'm 21 now and would like to invest 1,000 by the end of this summer into a 10-yr bond. I know that's VERY low and apparently the interest rate(s) in the U.S. are even lower? What is the process of possibly going through a foreign bank with higher interest rates? Should I even be looking towards a bank? What can I do to solidify some wealth to play with in my early 30s?
P.S. Yes, I would be contributing to this investment plan monthly and if there is any advice on paying off my loans that would be nice! (<$11,000)
