Question:
Looking to invest, but has no experience. HELP?
drkphoenix
2012-08-06 14:27:21 UTC
I have abit of money saved away and I was looking into investing in something but I am unsure as to what, I was thinking about doing that E-trade thing but uncertain. This will be my first time investing into something and I would like it to be at least a pleasant one, Any ideas or advice?
Five answers:
?
2012-08-06 15:56:57 UTC
1) buy high quality (Blue Chip) stocks.

2) Or buy No-Load mutual funds that invest in those kinds of stocks.

3) Invest a certain amount, what ever you can afford, each month

4) If the market, and your stocks, go down, don't worry. They will come back up

5) Try to diversify by investing in as many different industries as you can.

6) Blue chip stocks are less risky than penny stocks. You'll get burned with these.

7) Knowing when to sell can be tricky. It's difficult to know. So just hang on and buy more.



Remember there are no shortcuts.

And it takes a lot of discipline and self-control.
mracquire
2012-08-06 22:13:01 UTC
First off, educate yourself about investing. By that I mean gain a working knowledge about stocks, bonds, mutual funds, etc. Learn about the importance of diversification and asset allocation. Understand the role of 401Ks, IRAs, taxable brokerage accounts, checking accounts, insurance, etc., and the advantages of each.



Next, once you're ready to invest in the market, open an account at a well established discount broker. This might be a Roth IRA account, an individual taxable trading account or both. You'll need to have an initial deposit into what's called a core account from which you can buy stocks and funds. Start small by buying a few index funds like the S&P 500, a corporate bond fund, and maybe an global stock fund. Continue to expand your knowledge at research sites like Morningstar.



Mutual funds offer the ability for smaller investors to invest in a bucket of stocks or bonds instead of individual ones. But if you decide you want to invest in a particular stock, check to see whether they offer a Direct Investing Plans (DRIPs). Sometimes, but not always, DRIPs charge less commissions than buying stocks through brokerage houses.



Ask 100 people about investing strategies and you'll get 100 different answers. The best advice I can give is pay yourself out of each paycheck. By that I mean, put a small set amount each paycheck into your brokerage account, 401K, Roth IRA, etc. after setting aside what you need for living expenses. Regular investing takes advantage of the power of compounding.



Good luck.
Mike
2012-08-06 22:07:01 UTC
Pay down/off any remaining debts first. If you want to invest, I suggest you look at some no-load mutual funds that track the overall market, from some place like Vanguard or Fidelity. Start off slow, and make sure you are not relying on having that money in the short term. Good luck to you.
2012-08-13 03:25:46 UTC
Hi,



i would be able to introduce an investment opportunity. Our company offers a very safe investment opportunity whereby your capital is protected and there are very good returns.



If you're a serious investor, please do contact me at 64224072 and we can talk further.



Regards,



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Office: +65 6422 4072



address: 8, Eu Tong Sen St, #19-99 The Central, Singapore 059818



website: www.lciinvestment.com
lotus
2012-08-07 01:02:59 UTC
I will agree with doofoos, You must invest in stock, doofoos has given many points , and for more clarity about how stock market works, and what is the report in these days, I am sharing a link, It will help you more.

http://stockmarkettradingfordummies.com


This content was originally posted on Y! Answers, a Q&A website that shut down in 2021.
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