Questions/Answers
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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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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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Investing?
Let's say I want to start
investing for my retirement,
and for other purposes, at the
age of 20. Lets say i would be
able to put $2,000 in for 5
years and at the age 25,
increase that to
$10,000-15,000 a year. If I
put the money in a lot of
things, like stocks, mutual
funds, 401K etc. how much
would I have when I am 60 or
65?
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You have to determine how much risk you can tolerate. The amount of money you make will depend on the return on equity or return on your investment for each investment vehicle. Generally, you want investments that will make higher returns than the ongoing inflation rates, so that your capital is not eroded by inflation. It's often recommended that we invest 15% of our income for retirement, if we want to retire with a reasonable retirement income. |
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investing?
hi im interested in investing
in the stock market and stuff
like that. does anyone have
any websites or books that
would help? as i am a teen, a
teen oriented book or site
would be helpful. thanks.
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They still teach economics in high school right? Take that class and learn everything you can. Then read these two books: 'One Up On Wall Street' - Peter Lynch 'The Way of the Turtle' - Curtis Faith The Motley Fool is a good site, not great, just good - and I'm a paid member of the Hidden Gems, Pay Dirt, and Stock Advisor subscription areas. No matter where you get your information from, you still have to be able to do your own independent research to make sure any picks match up with your own investment goals and risk tolerances. Stay away from the Caps boards. They're worthless and half-full of idiots who have no idea what they're doing. The Caps boards are nothing but stockpicking popularity contests. Jim Cramer is a fool. You can ignore most of what comes out of his mouth - though every once in a while he comes up with something smart. So don't ignore EVERYTHING, just learn to filter. Learn to do your own research and trust your own instincts. Get sound advice from real experts. After all, it's going to be your money you're risking. Get a subscription to the Wall Street Journal or Investors Business Daily (I subscribe to IBD, because it included online access to investors.com), and start reading everything you can about business. Good knowledge and information are the most potent weapons there are. The more you have, the better armed you'll be in the trenches. |
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Investing/?
can you give me 2 advantages
of investing in a post
office,desposit acount and a
credit union?I need 6
different reasons
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1. Money placed in a deposit account or credit union account such as to checking, savings, or CD is insured by the FDIC - meaning if the institution with which you placed the deposit goes out of business, you will get your money back. 2. Very easy to do this with few requirements and open to most people 3. (bonus) Many choices as to which bank/institution to use and which type of account |
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Investing?
I've been thinking about
investing in Tax Lien
properties. I'm still doing my
research about it. Could
anyone give me some advice
about it? Or if anyone ever
done that?
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A lot of people who get forclosed on or booted for nonpayment of tax trash the property before moving out, requiring expensive fixes. You better know the business and know the market in your area or you will lose your ass. I have friends who have toted a lot of notes waiting for houses to sell after they put $ into fixing them up. Now is a bad time for real estate. |
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