Questions/Answers
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investing?
I just graduated from college,
I have about $3,000 that I
could use to invest. I've
never done any investing. Can
anybody please tell how I
could invest so that I can
generate a nice amount of
money without taking too much
risk? which company should I
use? are mutual funds the best
way to start? thanks
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no such thing as great income with no risk :) if there was everyone would be doing it - called arbitrage For begginers mutual funds are the best, not just mutual funds but index (S&P 500) pegged mutual funds. Maybe bonds (treasurybondsdirect.com) or CD or Money Market (Ing Direct). Learn about the market and then get in. Don't lose your money of the start, its not a good feeling. Rival |
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You could invest in a company just look at there latest chart anyone can see the stock movement if they concentrate. If you have time why not try out fxcm.com. currency trading you could lose or win 10 dollars every second but if traded in the right way will make a handsome profit but its risky so take your time practising on the demo account and consider buying a mini account with 300USD with low risk |
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There will always be risk when investing. The question you should be asking is how much risk are you willing to take. For instance leaving that money in the bank you have a risk of inflation to devalue the money. If you buy stocks, mutual funds, ETF, bonds, etc. you have the risk of the prices going either up or down. The more volatile investments often gain the most value. So you need to assess how long you want to keep the money invested and how much risk you are willing to take. Another way to go is to consult a financial planner and they should be able to steer you on the right track to investing. |
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never invest in mutual funds, only losers would do that. Take a look at what warren buffet owns and buy the ones that still didnt go up. My recommendations are moodys, lexmark, usg and comcast |
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First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. Financial disasters like getting layed off or sick happen to all of us. Second, I would pay off all high interest debt. Pay off everything you can except the house mortgageand student loans. Paying off debt is one of the best investments you can make. You will have more money in the future because you won't have credit card bills to pay. Third, if you have money left, start investing in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be. Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work. Believing someone you met over the Internet and know nothing about is risky. Read these websites for further information. |
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Hey, congradulations That's great that your on the ball. To start, talk to a finacial advisor. Try Fidelity, Raymond James, or Morgan Stanely. Open up a Roth IRA account and have them manage it for you. Tell them your goals and they know what they are doing. I've lost 60k that you don't have to. However, I have developed a trading system. If you want to start buying stocks. Read Bill Oneil's "How to make money in stocks" first. He created IBD or Investors Business Daily. Also, tune into MAD MONEy @ 5pm eastern time on CNBC. Listen to Jim Cramer. Read his books too. Learn about technicals and fundamentals but learn fundamentals first. It is best to pick solid companies to buy when the major indexes are at trendline. Then execute a 5 to 7% stop loss. Also, for a more speculative approach, you can make cash swingtrading. For the swingtrades, you will probably need more than 3k do to commission and service fees. Brick by Brick Good Luck |
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I suggest you to open a brokerage and margin account at Ameritrade. If you need more detailed advice you can drop me a line. Top 10 Answerer in Business & Finance. |
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