Lux Investing
Good ways to start investing money?
I'm 19 and a Pre-Business student in college. I was wondering what are some good ways to start investing money with a small about (Around $1,000)? Aside from very safe bets with lower returns (such as CDs), what are some good choices for quick returns without a lot of risk? Where to begin investing in stocks? Are there any websites that let you trade for very cheap? Is day-trading a good idea? I am a very basic beginner, so any help would be great. I'd prefer short-term cash return (definately less than a year). Any advice is much appreciated. Thanks
Public Comments
- You can open an free Marketiva forex online trading account , 5 USD live fund and 10000 USD virtual fund already in your account.! Open an free account and get $5 reward! http://www-forex.spaces.live.com
- go to http://www.ingdirect.com they have short term and longer term funds with guaranteed returns. You won't be disappointed
- Invest in Mutual Fund; As the mutual funds are designed by investment companies to buy shares in different stocks and other securities, the mutual fund investor along with their ownership of shares of the mutual fund, have a restricted claim to ownership on few of the securities held by the mutual fund. Besides mutual funds provide the dual advantages of diversification and professional money management services to manage the money invested in the fund. http://debts-to-wealth.com/category/Guide-to-Mutual-Funds.html
- Hello, As Far as i know Delivery Trading ----------------------- You have to invest only 5% of Your total cash you are having.It can be under that.You have to spread your investment in different sectors like Realestate,Cement,Power e.tc.Dont wait for more profit.Once you have a considerable amount book your profits. Day Trading ----------------- You can do day trading also Lets say you have 10 shares of A purchased at a price of 100 per share in Delivery trading.Now The Price of share goes up to 110.You have a profit of 100(10 *10). Now when you sell the share at 110 per share you will be getting margin to Day trade.Buy share B with that margin(Dont ever sell/short).Lets say Now You Bought 10 shares of B at the rate of 50 per share with that margin. a) If The Price of share B goes up to 55 You can sell it and close the trade.You will get a profit of 5 Per share.Total profit 50(5*10).You will still have Your 5% Money to buy again. b) If the price of share B goes down to 45.In this case the price of share You sold at 110 in Delivery trading will also go down(general assumption).Lets say it goes down to 100.Yo have made a loss of 5 per share in share B(i.e Total loss 50 ) .You are in a gain of 10 per share in share A(i.e Total gain 100).Now Your net profit is 50.You Have to Sell share B First and then buy share A to get profit of 50. You will still have your 10 shares A at Price of 100 in delivery in your account. You cannot close your Delivery position before closing your day trade position because you are day trading with only your delivery margin. Lastly its your hard earned money so be careful.You have to make your own decision Thanks Ashok
- the stock market is a great place do invest a small amount like that. In particular small cap stocks that are a safe bet with the right research. If you do some research you can double or triple your money very quickly with small cap stocks. Ranging from around $1- $5 I am using http://goldenbullpicks.com check them out you will be impressed! and remember to do your own research.
- I would suggest mutual funds as a starting point. You can generate a greater return than banks and CDs. Your money is liquid an d easily accessible. And the fact that a mutual fund diversifies your investment dollars would expose you to less risk than taking a shot at an individual stock.
