Lux Investing

how do you learn about investing? Is there a good website? I want my money to work for me.?

Public Comments

1. the best way would be to talk with a professional in that field, look in your phone book, and give one a call best of luck!
2. Try www.sharebuilder.com
3. Go to wikipedia.com and start reading the basics about investing and then click on more advanced topics
4. Find one at your bank. Or, get a recommendation from someone you know personally; ie: family member, priest, teacher, someone you trust, long before going online.
5. if you want your money to work for you, it depends on the risk you want to take. you can lose money too. remember the rule of 72. your money will double when your interest rate times years equal 72. for instance, if you put away 1000 dollars today at 8 per cent, in 9 years it will be 2000 dollars, in 18 years 4000 dollars. probably best investment is to do tax deferred, or retirement account. the retirement account allows you to invest your money before taxes. in other words, you invest a dollar as a dollar. if you took that dollar home, you would get about 70 cents. this account actually lets u make money on money you would not normally have.
6. If you want to know the basics of investing go to investopedia.com It doesn't tell you what to invest but knowing what everything means is the first start.
7. Hey eggyolkio, You can read "The Intelligent Investor" by Benjamin Graham. He started the value investing approach which is a reliable way of making money over the long-term. You can also check out sites such as businessweek.com, marketwatch.com, finance.yahoo.com, fool.com, thestreet.com. Also, check out my blog at nickymayne.blogspot.com Later Bimmayute
8. Yes look at this beginner guide to trading. It says about commodities but it is good for any stocks, futures. http://www.uscommoditiestrader.com/
9. Be very careful who you pick. Investment brokers are many times just con artist salesmen who take your cash and "lose" it. I've had lost of bad luck with investing in the American stock trade. My advice. If you want your money to REALLY work for you, buy property. If your selective, it always makes money.
10. read some books and then start investing. Experience is the best teacher.
11. There are many websites dedicated to the basic principles of investing. Be sure that you NEVER invest money if you could not do without that money. If you are inexperienced don't go out and try investing yourself. You almost certainly will lose your money. Better to read a lot, take some courses and practice "dry" (on demo versions, widely available) a very long time (rather years than weeks) before going life yourself. You could also go to pro's to help you to make your money work for you.
12. You don't need to learn anything. When you buy a car you don't need to learn about mechanics. When you buy a HDTV you don't need to learn about electric engineering. I suggest you to open a brokerage account and invest in the Stock Market with the help of a Financial Advisor like myself. Top 3 Answerer in Business & Finance. (Vote for me)