Don't know shit about investing, im 19.
Got a dockhand summer job just looking to invest a couple thousand in Scottrade or some other bullshit.
Is PMPIX a good long term mutual fund to invest in?
It's like precious metals if you didn't know.
And if not could you give my helpless ass some advice please. thanks
>>1282373
>investing in a propped up asset class that will be corrected through government policy
There's a reason why less and less people are managing retirement accounts as a career.
>>1282412
whooosh
>>1282373
Just put your money in a CD u lil faggot, I doubt you know the market for precious metals do don't be dumb.
Check out Vanguard, they're the best for mutual funds in my opinion. I think the minimum to start an account is maybe 3k though. I'd go with something else besides precious metals too.
>>1282437
CD's Do not pay as much as a Roth IRA Faggot
>>1282373
Do something like 50% total us market, 20% international, 20% bonds, 10% reit
>>1282676
>implying the 19 year old has enough money for an IRA
>>1283913
>implying there's a minimum for an IRA contribution
Go to the local bank and get a mutual fund why are you dealing with stocks
