I’m 20 years old and have a small stock portfolio that gives me roughly $30-$40 a year in dividends. I have a high yield savings account that gives me some interest as well but not much. I was wondering:
- Are there any ways to increase my dividends or interest that I receive?
Obviously I could transfer all my dividends into my high yield savings account but it wouldn’t make that much of a difference.
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Do Barclays high yield savings accounts offer compounding interest or just interest on the money I myself have deposited?
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Aside from dividends, what are the best ways for someone my age to setup more ways to get more passive income?
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Are cashback apps like Ebates legitimate, and safe? What’s the catch? Do they take your credit card info/personal info?
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Is it worth looking into setting up a 401k? Would I be able to move my money from my 401k into a different 401k with a new employer if I change employers?
June 21, 2018 at 05:02AM
