Is now a good time to invest money into stocks, bonds or mutual funds?
I have some extra money, and I am not sure what I should do with it. I already give to charity, some in savings, RRSP's etc. If I want to start looking into the world of investing, where should I go to start the process?
Public Comments
- check this site for stock tips http://doubling-stocks.cjb.net
- You need a broker if you don't already have one. Setting up a Roth IRA would be a good idea for the future. http://www.scottrade.com http://www.ameritrade.com Read the answers in my profile. I mostly answer investing questions.
- Do go thinking you will be making huge gains. that is throwing your money away. Invest in good blue chip stocks. Such as ATT or Coke.
- I say stocks. I just bought 600 shares of GE at 9.90 less than 2 weeks ago. long term Ge will go to at least $25 in less than 5 years Citi (C) I just bout 300 share at 2.70 I think financial stock are a good bet because bank aren't going to fail. The government will keep giving them money Last month I bought Bank of america (bac) at 6.70 once again a bank I also have: Catapillar (cat) not reccomended Harley (hog) maybe very long term 7 years to go around $27 Acus bad investment but 2900 shares at.08 if It tanks it's a 232 loss Anyway buying stocks now while there low would be good for long term investments
- After the bears ruling (of the stock market) all around the world for quite some time,we now witness a bear market rally.This may continue for some more time.The market may see new lows as the economy of the world is not in good shape after the global financial turmoil. So,I would advise u to wait till june 2009 to take an investment decision in the stock market. As u r new to the stock market I would advise u to take expert advice for making right investments.
- its been a good time to buy stocks for a few months now. It all depends on the Time you are planing to hold it. At this moment many people with that thought in mind are UP a nice bit this past month. In fact we are up so much we believe its a good possibility we can stand to lose a good bit and still be fine for the time-line we have. my Watch-list of 20 companies are screaming at me every time the DOW goes up. Its hard NOT to pick a good stock in this market. The hardest part for me is to Resist my temptation and go All-in. you should be ready with your picks with research when the Market turns. But there is nothing wrong with putting your toes in the water. i bought LV LT around a one buck per share. Then bought more when it dropped to .65 per share. now were back over a Buck per share. Not much but enough not to feel left out on a take-off. Man, i hope the market drops to about 6900 so every one will get in on the early move to the up-side. your company needs Cash with a controlled Dept and Needs to be making money. when the Dow goes up and your company has High volume and a big jump is a good sign that there is plenty of others interested also. We are also getting real close to forgetting about a real bad re-test of the Dow and then going forward. But instead having a slight re-test -like about 7300 Dow. If we get a few more of them 240 points up, it would be hard to resist going in heavy.
- For the best tax treatment, stay with Canadian investments. Avoid buying long term bonds... for that matter any bonds right now will not return enough to make them worth while, but long term bonds will lose you money when interest rates rise. RRSP is not an investment, but a place you can hide investments from current taxation on earnings, but you may pay heavily during your retirement for having money in an RRSP. Your first 5000 per year should likely go into a tax free savings account, where you invest in a market-based GIC. It provides secure principal but if the market grows, so does your investment. You should always hold at least 6 months of living costs out of investments, as in a savings account so that you are not hit with costs of getting money out should you need to do so. We may be in a multi-bounce recession. Equity prices could go down. I am not currently rushing into rebuilding my equity position, just buying when I see an extra good buy on a stock that I consider a strong contender. You may want to go to 50plus.com forums and look up the investing forum. It gives a Canadian perspective a lot of the time, and good cautious investing thought. But form your own view. Do not take the view of any one poster.
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