23 year old woman, wanting to start investing? Where to begin?

Question

I have recently started educating myself in getting out of the 'rat race'. Any suggestions on making your first investments? Really looking for help on how to get started!

Answer 1

Before you spend $0.01 on any investment, you must know what you’re doing, why you’re doing it and how to do 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.



Begin your education by learning why you should invest and the importance of being able to make your own decisions or how the pro’s make theirs. Start your education by reading “Investing or Dummies” by Eric Tyson.

To continue your education select some of the following

Beating the Street by Peter Lynch

Bulls Make Money, Bears Make Money, Pigs Get Slaughtered, by Gallea

From Riches to Rags, by I.C. Freeley

Millionaire Traders, Lein & Schlosberg

How to Make Money in Stocks” by William O’Neil

24 Essential Lessons for Investment Success by William O’Neil

The Intelligent Investor, by Benjamin Graham

Common Stocks, Uncommon Profits, by Philip A. Fisher

One Up on Wall Street by Peter Lynch

Stocks for the Long Run, by Jeremy Siegel

Uncover the Secret Hiding Places of Stock Market Profits by Joel Greenblatt.

What Works on Wall Street by James O'Shaunessey

You Can Be a Stock Market Genius by Joel Greenblatt

Your Money and Your Brain by Jason Zweig



Websites that can provide instructions and help with procedures and terminology are Investopedia - http://www.investopedia.com/ http://www.investorshub.com/ and 1 Source for Stocks - http://www.1source4stocks.com/info/stock-analyst-opinion.asp or Smart Money

http://www.smartmoney.com/

Visit some of the more professional websites like Zacks Research - http://www.zacks.com/ Schaeffer’s http://www.schaeffersresearch.com/ Investors Business Daily - http://www.investors.com/default.htm?fromad=1

Some of these web sites will have advertisers who are worth looking into also. And remember, if they offer free information, get it.



Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from The stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.



And when you think you want to invest/trade, try some paper trading to test your skills without spending you money http://simulatorinvestopedia.com/ http://www.moneyworks4me.com/

and/or http://www.tradingsimulation.com/



You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.



Good luck on journey, study hard and you’ll invest well.

Answer 2

You see penny stocks are high velocity, fast move, fast paced investments that you don’t typically hang onto for a long period of time. Understand how simple it is to make money with penny stocks https://tr.im/2ovnG



There are exceptions of course. Sometimes you will find some long-term trades that pay off big! Other times you will get into what are known as swing trades and those can really pay off as well. Most of the time though, profitable penny stock trading is all about the short game.



In most cases you will buy and sell the same stock within a week. I’m not talking about day-trading which you may have heard about before. That’s a completely different game with a different set of rules. (It’s also a bit more risky.)

Answer 3

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.

Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.

However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?

The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.

Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/4f450

It's probably the best way to learn how to win with binary option

Answer 4

So..

I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.



For more info: http://pennystocks.toptips.org

Regards

Answer 5

Without knowing your financial situation its hard to know. If you have millions already then you can be truly out of the rat race, but if you just have less than $100 000 then investing will not get you out of the rat race. Trading and investing are more stressful than many normal jobs - highest rates of suicide and alcoholism of course.

Answer 6

I absolutly love this burberry sent my mother wears and that i additionally love the DKNY delicious.... It smells strong. I might go to the nearby mall and try out some scan samples. Most of the time they will give you a tester sample to last about 2-three so you will find should you find it irresistible or now not. The brand new juicy scent is pleasant too. Hope this helps!! =]

Answer 7

One of the main attractions of trading Binary Options is that there is of course an element of skill involved in you choosing just which Assets or Forex Options to trade, and if you are the type of investor who likes to keep their finger on the pulse, and are the type of person who religiously reads all of the latest financial news sorties then they are regular and repeated profits to be made by successfully trading Binary Options online. Read here https://tr.im/ieh81

Answer 8

If you know what stocks you would like to purchase,

all you need to do is see a broker on or off line.

Or you can take the easy way and invest with a

mutual fund. There are many fund companies to

choose from, such as Fidelity and Vanguard. If you

are working, check out a 401k at your place of business.

Another way to go is to make use of the Roth IRA.

Answer 9

Start investing in No-Load Mutual Funds that invest in blue-chip stocks.(Vanguard, T. Rowe Price)You can find a list of them online. Make sure they are heavy in "defensive" stocks like these:

(Food Companies like Kraft, Kellogg, Coca Cola, Pepsico, General Mills, Conagra, Sara Lee, Tyson)

(Consumer product companies like Kimberly Clark, Procter & Gamble, Clorox, Church &Dwight, Colgate)

Invest whatever you can afford each month

Stick with high quality. The risk is lower.

Be patient.

Hold on to them until you retire or later



You are on the right track. I wish you the best.

Answer 10

Consider the following before you make your decision;



1. How long do you want to invest ?

2. Your risk appetite. Remember that the higher the returns, the higher the risk.

3. Is the investment Tax efficient?

4. What rate of returns on your investment are you looking for ?

5. Do you want income on your invested funds or do you want the funds to grow or both?

6. How much do you plan to invest?



Please feel free to contact me for any inquiry or comment.

Answer 11

No easy answers for this.If you know business,start one.The rich got out of the market a month ago.If you want to be rich,you have to be around the rich and be sharp to pick up on things they do.

Answer 12

This is a question that could be best answered by communicating one on one. If you are serious about investment you may contact me. I feel that this question could best be answered by talking to a person and get to know them so I can get a feel of how to assist and answer the question properly.

Answer 13

college