I remember reading in one of the forums about this company called American Funds. Could someone explain it to me? It seemed like a really good deal.

 

If it's the same thing I'm thinking about ... it's an investment firm. They have a diversified mutual fund. BALBX is the symbol for the b stock .. I don't remember the A stock. You don't buy them though, your B's turn into A's after so long.

 

This isn't exactly the place you should be asking questions about stocks, funds, and what not.

 

I have an IRA with them. Ask me mor abotu it tomoorw.s Too much ---> = bad and i cna't htink too well. hahahhahahahahahah

 

I posted it here because i remember someone talking about it on this site. Hit Man X any more info now that youre not wasted. haha

 

American funds is actually one of the best mutual funds that you can use in my opinion. They use Capital Guardian Trust and Capital Research & Mgmt Co. as their investment advisors. The Capital Group has been overseeing invesmtents since 1931 and has a very good track record. If you have any more questions, just ask or you can research them on the net.
Feels good to finally use my Finance degree!!
Ryan

 

How much money can you invest? I remember someone saying that the most they could invest was $500. But they also said this could turn into over $100,000 by the time they were 40.

 

It's a good fund, but it ain't that good. I think there is a 2500 minimun, but I doubt there is a max on how much you can put in at one time. If there is ... I know it ain't 500, unless they meant 500k.

A couple of years ago, it wasn't doing to hot, but nothing was. I've seen it give decent gains now though. If I was looking to drop some money in the market for long term I would look hard at the GM stock. They frequently pay 50 cents on the share dividends. If you re-invest your dividends and splits, that would add up nicely after a while.

In my shoes, young and a lot left in life ... I tend to look more for long term investments that are fairly safe. That's another reason I think the GM stock looks nice. The American Funds does perform well though and is well worth the time. I think it's well worth while.

Just in case you wanted to know ... I know VERY luittle about the market and how all that stuff works. I just know from my own research, if I had some money to put in the market, I would look at the GM stock and the American fund. There is another fund I would look at too, Dodge & ***. I tried getting some of that through Merril Lynch, but they don't sell that one.

 

I am not sure if there is a maximum investment, there is a minimum however. Is this like a corporate retirement plan of some sort? And yes, due to compunding, if you invested X amount now, in 20 years it *could* be XXX amount. But that is assuming a lot of things.
Ryan

 

Ahhh Flyer, we are young and have much left to live, go aggressive!!! j/k Nahh, it's all about your style as an investor, what you are comfortable with.