Lux Investing

how could i invest wisely money?

Public Comments

1. Pick what you know. Do you like books? Invest in these. Do you work in health care? Invest in stock of health care stuff. But make sure you do research on your own.
2. What ever you chose to invest in make sure and do not put all your eggs in one basket. Mutual funds are about the safest for the long term. Stocks if you are a risk taker and even a low yield savings account is better then just putting it in a jar. I invested in a mutual fund years ago and started it with a few hundred dollars. I forgot all about it and just discovered it last year. It is now worth over 23,000.00 dollars. By the time I get retirement age which may be never if it keeps going up it will be worth 12 times that. That's how you invest wisely, put it in and forget about it If you think you will need the money any time soon then don't invest it. Good Luck!!
3. I depends on what you are looking to invest in.
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5. Read books about Warren Buffett - he's the greatest investor of all time. Here are some of this most famous quotes: "Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." "Risk comes from not knowing what you're doing." "If you don't feel comfortable owning something for 10 years, then don't own it for 10 minutes."
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