Lux Investing
What is the best way to invest money in stocks and such? I have no idea as to how to go about doing this.?
I want to start investing my hard earned money so that at retirement age or heaven forbid unemployment I will have something to fall back on.
Public Comments
- Contact a reputable Stock Broker at the Brokerage Houser of your choice
- One of the best and easiest ways is to invest in mutual funds. So get some books on that subject and read up on it. Most Index funds outperform professionally managed funds year over year. Learn about dollar-cost averaging, don't chase funds with the highest returns, and look into investing in your company's 401K (if they have one) or an IRA too because of the tax advantages associated with each. Remember, don't chase the funds with the highest returns...look for long-term consistency.
- Stock market need a previous experience,if you insist then go to the stock market for visits only, watch how they work try to have a slight idea,see a good broker take his advice,look at the best companies records,see their rates,any Downs, good reputation companies costs too. But finally you will be risking your money, it is like gambling you could loose all your money. Have you tried life insurance , if you are young then it will not cost you a great deal, I don't know if you have the same,there is a type of insurance you pay for example a monthly premium of 6 months or one time a year for a specific year,you will get you money back plus interest, this is a type of called a life insurance for a period of time some 5 years some 10 years etc.
- For a beginning investor mutual funds offer a good way to begin. There are thousands available to choose from, maybe too many. Some are not real good investment vehicles but some are excellent. The first thing you should do is read "Investing for Dummies". Your library should have a copy but if not it can be purchased at your local book store or from Amazon.com. Under $20.00. Here are a few links for some decent mutual fund companies. The first two are no load funds but have somewhat high minimum investment amounts of about $2500. The 3rd is a load fund but you can begin with $250 and they have some excellent funds. http://mutualfunds.troweprice.com/?rfpgid=10875&scn=Mutual_Fund_I_Want_to&origins=prospect http://www.roycefunds.com/funds/index.asp? http://www.americanfunds.com/default-home.htm They each have 800 numbers I think where you can call them and they will tell you how to get started.
- Do some research on the stock market and get the basics down.I reconmend going to http://goldenbullpicks.com who make, making money in the stock market very easy! there are a few good ones out there but i really like them! good luck
- Buy a book on Amazon called how to make money in stocks by william Oneil. He is the founder of investors business daily. Read it and reread it until you understand it completely. Not hard to do... Start with whatever amount you are comfortable with and start investing in the market. Open an account with scotttrade or Ameritrade or someone like that. You will see returns that far exceed the average. Remember this, noone cares about your money as much as you do. NOONE!!!!
- 1) Start with opening an online brokerage account with a discount broker (such as scottrade.com or tradeking.com). 2) Do some reading (for starters I'd recommend "Wallstreet guide to money and investing" - written for newbies, but very professional). 3) Do some more reading (such as Bernstein's "Four pillars of investing" or "Intelligent asset allocator"; or even "Lazy person's guide to investing"). 4) Buy stocks and other securities of your choice. 5) Keep buying regularly. 6) Enjoy seeing your money grow!
- I would suggest gaining an investing education first. I learned a lot of useful information on http://www.financial-realities101.com.
- In order to grow your money you’ll need to understand some basic principles of investment and understand which type of investment suits you.By investing in shares you get benefit in two ways, that is , Capital gains and the Dividends. They give high returns and are for long terms.To Learn more about shares and stock trading check the website link below. http://www.smart-investments.org/Best-Stock-Investments/How-To-Invest-In-Stock.php http://money-review-site.com/shares.html
- i think you can invest in education first, you can do courses or buy the books.
- For retirement, use a Roth IRA and let mutual funds do the investing for you. They are no more 'safe' in terms of guaranteeing principal than normal gambling-type investing done by the independent investor. However, they are run by people who spend all day working on this and use a lot of technical analysis and hardware and software to move stock in and out of the market. The problem with being an independent investor is that investing in the stock market is basically very very enjoyable gambling. I have invested for my children over years and done OK sometimes and not OK sometimes (just like I would if I were at a casino). Thing is, I used money I knew could be lost - totally gone to zero - so it was kind of like 'mad money' for me. I certainly wouldn't bet the farm on that kind of investing - even with all the financial wisdom available. I wouldn't bet my retirement or my kids' education on it either! If you want to hold on to your money and earn the highest rate of interest, use bankrate.com to find the highest interest rate on CDs and put your money in CDs. Keep moving the money into the highest-rate CDs and you will have your principal preserved and earn a decent rate of return. Yes, mutual funds earn a lot more - and then have a 'down' year. Like stocks, you then have to make a decision whether to stick with that mutual fund or move your money. This assumes you read, learn, listen and study about the market and mutual funds in general so you always know what is going on.
- Rebecca, I assume you are relatively young. My suggestion is if you work in a company that does a matching 401K learn about it and invest in it. If you have no 401K then invest the maximum amount for the next several years in a IRA. Get a brocker to do both for ou.
- If you plan to invest in the stock market, you'd better 'know what time it is', because there are so many categories, with each category having many possible stocks to buy, each with its own variables and gain or loss possibilities. Ten stock brokers will give you ten different answers, so who's right? I strongly suggest you consider investing in bare land after studying several possible parcels that have a good chance of appreciating in value. Go to three or more real estate brokerages that deal in land investments and gather all their most highly recommended parcels, they go to the Planning Department (City or County, depending on location of the land you are researching) and look up the zoning and trends affecting your parcels and the surrounding land to learn if they lie within the influence of projected development (especially new major roads or highways). Example: If a parcel is at or very close to an intersection of a proposed new highway and important cross road, and the asking price is fair, buy it. Generally, you can purchase such land with minimal down payment and monthly payments including simple interest and principal, over several years. Keep working at it until you find some land that has a promising future and purchase terms that fit your ability to pay. You will sleep much better with land investments than with risky common stocks.
- Investing in stock & equity is very risky...... to fast & easy to get burn! If u like to plan a retirement plan please select a low risk & high return investment ( mutual fund / unit trust) Or split your risk by investing 60% in mutual fund / unit trust & 40% in stock. Investing for long term (5-10 years) can reduce the risk and u must monitor it
