Lux Investing
How can I learn about making money from investing?
I'm sick of living paycheck to paycheck, and I want to figure out how people get wealthy. I'm not talking about any get-rich-quick scheme, or getting rich with no work. I know it won't be easy. But it seems like some people have figured out how to work the markets in America, and there is wealth out there if one is willing to work for it. My first intuition is to invest in something like stocks. I don't have a lot of money to start with, but I have a little in savings and I just started an IRA. I don't own my own home (I'm fresh out of college). I would love to make enough to pay off my credit card debt and student loans. Any advice, book recommendations, experiences, etc. would be helpful. Thank you!
Public Comments
- This is awkward but there are a few Dummies books on investing, that I've browsed through before. They are quite straight-forward and will definitely guide you through the basics of investing and earning off of that.
- If you are interested in profitable stocks means then just visit http://www.profitablestockexchange.blogspot.com The best process is invest in forex, you can earn more than stocks. Apply for some online jobs like data entry, medical transcription, online .... If you get a job means just hire some people from small countries like asian countries to do those works, If you are earning $9 per hour means just give them $4 per hour by that way you can earn more. For applying online jobs just vist http://www.workfrmhome.org/joomla For latest work from home jobs just visit http://www.work-from-home-123a.blogspot.com
- I'd say you need to be debt free and have retirement fully funded before speculating on stocks. The equities are very risky and are best left to experts with all the tools and info.
- The first book you should read in "Rich Dad Poor Dad" by Robert Kiyossaki Then try some of these What Works on Wall Street by James O'Shaunessey Beating the Street by Peter Lynch One Up on Wall Street by Peter Lynch The Warren Buffett Way by Robert Hagstrom How to Make Money in Stocks” by William O’Neil Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. (http://moneycentral.msn.com/home.asp http://finance.yahoo.com/ ) While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it. Other website that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ Stock Charts - http://stockcharts.com/ http://www.investorshub.com/ http://www.1source4stocks.com/ Visit some of the more professional websites like Zacks - http://www.zacks.com/ Smart Money - http://www.smartmoney.com/ Schaeffer’s – http://www.schaeffersresearch.com/ Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it. Before you invest in any security, the first investment you should make is in yourself, and the best investment you can make is by educating yourself. And don't let any one talk you into opening a brokerage account, unless you have a very strong comfort feeling about doing it You have the right mind set, you're using good logic and your approach is right on. Stay with your conservative approach, don't ever let anyone talk you out of investing. Good luck, study well and if you do you'll invest even better.
- First of all congratulations for thinking about your future, most people don't get started soon enough. I would read everything you can on the internet. Start with your own bank's website, as they usually have free investment tips. Read everything you can, so you have the basic knowledge of investing. Then, you can either talk to an investment broker, or you can do your own homework and pick a company you'd like to invest in. Remember one thing, don't invest with the idea that you are going to be rich right away. Investment in stocks should be done with the idea of building wealth. There is no magic formula, as you are going to make a lot of poor decisions; just learn from them. If you invest right with good asset allocations, you won't fail in the longrun. Good luck!
- Read "Investing For Dummies". A great starter book.
- High returns = Forex trading. Read this article or at the very least the 6th paragraph: http://ezinearticles.com/?Forex-Tracer-Review&id=1226782 Totally makes sense. If you're interested here are reviews of the top 3 selling Forex trading systems: http://forex-tracer.the-perfect-solution.com/ Make sure you're educated before spending!
- You could also tryout this online resource/game which will give you more of an idea of how things are done and you stand the chance of winning real cash as well - that has got to be good. http://whereisthatmoney.blogspot.com/2007/10/master-stock-trading-with-wall-street.html
- View It Now FinanceExtends (dot) com
- View It Now FinanceExtends (dot) com
- Investing is the best-held secret for class mobility, and there is no reason why you can retire on a nice bundle, as long as you are carefully education. I suggest you begin learning with this site - http://www.stockmarketresources.blogspot.com . It is the best site I've found so far on the internet. It offers both book recommendations and the best online sites. I like investopedia, which is the source the site also recommends. It is great that you have opened an IRA! Good luck!
- You're on the right track. What you need is inspiration. Visit Billionaire for a buck at http://www.lulu.com/content/2716040 for some fun inspiration. Have fun
