Lux Investing
ii wanna invest money safely shud i go for shares or mutual funds???
i recently got a job, 18,000 is the basic salary. could you please tell me how and where and how much shud i invest to make my money grow better and safely, i am trying to look up into shares, i am a beginner in field of investing. but badly need helpful suggestions, please include some weblinks if you find it easy that way. I can afford a life here (HYDERABAD)in 10,000. what shud i do with the remaining money????
Public Comments
- Since you are a beginner, I would start by Investing in a Roth-IRA into stock mutual funds. The market has taken a beating soon and it is probably a good time to buy. Go online to Vanguard, Fidelity, TRowePrice, or American funds. They have tools you can use to help you pick which stock fund is good for you. I recommend Vanguard because their funds are cheap across the whole selection. Once you look at their website, give them a call and they will help you set up an account. Remember, if you are investing in stock mutual funds you should "lock up" your money for many years to see compounding growth. Also, over the long term the stock market has done very well, but if you invest for the short term you could lose money. Good luck, and welcome fellow investor!
- take a chunk of it and put it in an online savings bank. Stocks and mutual funds are NOT safe.
- Please visit this website. http://www.MyforexMarketingSystem.com/12345 Read it very carefully and analyze what will be presented you. If you'll like it, please go for it. There is no better investment vehicle there is, I can assure you.
- Investing in "individual" stocks takes a lot of knowledge and practice; so I would not suggest doing this until you understand completely how the stock markets work. Vanguard.com is ideal for long term investors who want to learn about mutual funds, index funds, and exchange-traded-funds (ETFs). Trading funds is less risky than trying to trade "individual" stocks. Unless you plan on spending everyday of your life looking at stock charts trying to determine the best time to get in and out of "individual" stocks, I would look into some sort of fund. Also be very careful about asking for stock tips online. Most are probably worthless or contain unethical motives. Do not fall for any Pump-and-Dump scams. As far as books go, I actually started out with the Investing for Dummies books, and they definitely pushed me in the right direction. To many other books have their own agendas in my opinion. The websites below all contain plenty of FREE information to get you started in the right direction.
- never trust other people with your hard earned cash.
- You will want to spend some time reading introductory material for investing. If you skip this and move ahead without proper knowledge, you are likely to wind up losing your money or missing the returns that the general market will bring. You are going to want to get a basic understanding of stocks, bonds, and mutual funds. Here are 4 sources that can help: 1) Book: Mutual Funds for Dummies, by Eric Tyson. My most recommended book for beginners. The version from a few years back, which is still relevant, can be purchased used on Amazon for 99 cents. 2) Book: The Boglehead's Guide to Investing 3) My free downloadable book at http://www.invest-for-retirement.com . In particular, chapters 19 and 23 are the most important. 4) http://www.investopedia.com has all sorts of free tutorials. Great free site for beginners. Learn about the subjects of asset allocation and costs. Those are the two important aspects of investing.
- Well in practical terms mutual funds are more secure depending of its nature, there are many types of funds in the market, stock, bond, futures, or the mix of some of all of them, also high risk, low risk funds too. if u want security in the stocks market try involving in bonds fund they can be very stable.
- You can try this site. They promise to double your stocks or else they will refund all your money. http://hubpages.com/hub/Doubling_Stocks_An_Easy_Way_to_Make_Money
