When a person makes money in overseas stock market's do you have to pay U.S. taxes on this money?
Answers: no you pay the tax due in your own country. You have to be careful if you are non resident of US, somehow the US can get money out of your brokers account to\cover potential tax liability. Make sure you sign a W8BEN and lodge it with your UK broker if you hold US Stocks. Good question, this is the sort of question we like on http://www.shareworld.co.uk
I am 23 , is it still a good idea to get a Roth IRA , even though we have a recession coming up..?
Answers: I think it is, for 2 reasons: 1) time is the most important factor in investing; and 2) it is impossible to time market highs and lows.
Without getting into the math and assuming all other things being equal, the person who starts investing at 23 will end up with a nest egg that's about double compared to someone who starts when they're 33.
Of course, if you could predict the future highs and lows of individual stocks or indices, then you could end up a gazillionaire by making all the right moves. Unfortunately (or maybe fortunately), no one can do this.
So most experts say you should invest with discipline and invest regularly.
If I was 23 and I had the discipline to invest instead of blowing my money on toys and partying, I would definitely go for it and invest now. If history is an indicator of future performance, then today's financial crisis will probably be a minor footnote 42 years from now when you're ready to retire.
It is never a bad idea to get a ROTH IRA. You have at least a 36 year time horizon until you will use these funds. Every book, every article, every speech on long term investing will tell you to ignore the present "hicups" in the market. This could reverse tommorow or go on for 30 years. All we know right now is that history has proven that long term investments, even at the worst times, have over 20 years always been very profitable.
Read some books on retirement investing. The information you'll get will allow you to make the right decision. Don't go by what I say... or others on this site. You don't know their qualifications or motives.
At your age I would definitely suggest getting into a Roth IRA, particularly one based in a fairly aggressive mutual fund. Examine A versus B shares. Talk to a financial planner. Often the plans have a built in regular increase. Make sure you can elect to keep your contribution steady if you like. An aggressive fund will offer a decent return on investment even during a poor market. Aggressive funds are for long term, this is where age is important. Learn about dollar cost averaging. You see, when the market is down your money going into the fund buys more shares than when the market is up. So over the long term you come out ahead.
The greatest fear of an impending recession is personal debt. Just make sure your debts are under control. It's never a bad idea to plan for the future.
Yes. Buying quality stocks near a market bottom is the best possible time. Of course you won't know when the bottom is until its past. So buy shares in small amounts frequently.
When the market looks like it has crashed is the time to buy more, not less.
You can buy bonds or shares of a bond fund too. Although don't do it now because it is likely to crash very soon. After bonds have crash, they might be a good investment.
What are stocks?
I am only 17 and I will be 18 within a few months. I am interested in investing within stocks but want to gain knowledge going on for it. I know very little so if you could please inform me on how you buy/sell them and if you know any links where on earth i could learn more.Answers: Go to your library and borrow books on investing, or buy "investing for Dummies" it is a unadulterated good book.
Learn adjectives about it here: http://www.investopedia.com/university/s...