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investing?
whats better? i have about
$1000 a month to invest in
whatever i choose. problem is
i know nothing about
investing... however i would
really like to begin to build
a share protfolio... how would
i go about it and would that
be enough money to get me
started
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You should understand the main reason why you want to spend money buying a particular stock. This step should preclude investing in stock. It allows you to move swiftly as soon as the price of the stock goes down a lot. If you know the main motivation about purchasing a specific stock, you will not hesitate to buy it once the price falls. Stocks purchased on the spur of the moment can be sold as soon as the price goes down. But if you are buying it as undervalued stocks, you can buy more stocks. Hiring a stockbroker can benefit beginners to the stock investment as they give all the necessary information about the stock to make the buying decision easy. http://debt-trap.com/category/ Stock-Investment-Ideas.html |
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A thousand a month would sure add up. After I watched so many people loose their shirts in the stock market, I would suggest playing it safe. I know the stock market is tempting but so are casinos. If I had it to go through again I would not swap my cash for anything that was not fixed in the principle amount. I would stick with CD's and possibly government savings bonds. The new "I" series bonds are pegged to inflation and your interest will go up (and down) as inflation does. http://www.treasurydirect.gov/ news/pressroom/currenteebondra tespr.htm At least put a good portion into something like this. If you want to buy some stocks then do it with 10-15% of your money because most often stocks will disappoint. I trade stocks a little on Scottrade but haven't had anything good for a long time. Stocks are like variable money, one day you can have a 5% dividend on $10,000 worth of stock, then later the dividend can be reduced and the stock will only be worth half that. It can be painful. People get nervous, sell at a loss more often than not. The stock market is extremley complicated and don't let any one convince you it is easy money. |
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go to local coin shows and buy gold and silver coins. I have done this for the last 6 yrs and the return on my money has been 3 to 5 times my investment. example 1once gold eagle purchased 5 yrs ago cost me $335.00 each I sold a few of them last week at $895 each |
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No one knows how young you are or anything about your personal life. This is a good facet about Y! A. Its to your advantage to seek the advice and guidance of a good, independent financial adviser or CPA. This person will work for you in your best interest. I heard most banks have a tendency of steering customers in directions which benefit the bank more than it does the customer. I don't suggest going to a bank to get the info you are seeking. There will probably come a time when you will want to manage your own portfolio and assets. Until you learn what to do and how to do it, rely on the advice and guidance of a professional. Thanks for asking your Q! I enjoyed answering it! VTY, Ron Berue Yes, that is my real last name! |
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Educate yourself first. "Investing For Dummies" is a great starter book. |
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You should make any research about stock first and get to know how their value increase or down ... just see it in yahoo finance ... http://www.gunungpring.com/wor dpress/investing-stock/ |
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Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan. They are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street. They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. PS I am not so sure you need to hire a financial advisor with such a small amount of money. The financial advisor is going to probably recommend a long-term growth plan like I have described and then ask for his money. |
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