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What is the best success you I am interested in finding out
what types of investing people
do and the greatest success
they had over a period of
time. I am not interested in
someone trying to sell me a
product. Also, I am interested
in finding out any failure
they may have had in
investing.
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I'll tell you about some of my failures, you'll certainly learn more from them! When trying to pick the bottom of a stock that's fallen a lot, don't buy your whole position at once! I did that when I bought Kohl's, KSS, at $60, and then it proceded to drop past $50. I eventually sold it around $49 I think, when in fact I should have been starting to buy some more around there. The point is you never know how low a stock price can go, so it's best to not to put all your money in all at once, because your timing might be wrong. |
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What is the best book to learn I have a lot of money invested
in a 401k account through
JPMorgan, this is for my
retirement so it means a great
deal to me. I was recently
looking at all the paperwork
about what's invested where
and the gain/loss and rates of
return and realized I have no
idea what any of this really
means. Please refer me to a
book that teaches about
investing but in a less
complicated way.
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first, get this book "Understanding Wall Street, 4th ed" this book will get you started with pretty much all the basics you need to know about stocks and stock market. then buy Jim Cramer's Mad Money on how to trade, invest, the right away. also, watch CNBC Fast Money they give you news and feedbacks and recommendation on whatever is going on during trading days with great insight from 4 analysts. While you learn all the stuff from above sources, create an account at http://vse.marketwatch.com for a virtual stock exchange which acts just like a online trading account with $100,000 imaginary dollars so you can get a feel on how to trade and what it's like. Good Luck. |
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How do I take care of an I got into investing in a
cosmetics company through a
friend of mine. I met with the
guy starting the company and
signed a contract with him
stating that I have invested
$5000 with the company and i
will collect from profits for
2 years. From the looks of it
the company hasn't gotten up
and running and he's been
spending money on rolex's and
moving into a new apartment. I
really want to get my money
back from this individual. How
can I?
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Sue in small claims court |
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How do I start investing as a Is it possible for somebody
with very little cash to start
investing in college for their
retirement or in general? If
so, where do I go and who do I
talk to about such things?
Will it cost anything?
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You can open up a ROTH IRA for your retirement with as little as 250.00 in some mutual fund companies. It's great that you want to start investing now, because by the time that you do retire you will have amassed a much larger amount of money than if you had started to invest later. The mutual fund company that I would go with is Gabelli. www.gabelli.com . Open up a Roth IRA with them in 1 fund that you choose. Research the funds offered by Gabelli in morningstar or yahoo finance. You can put up to 4,000.00 into a Roth Ira each year. You need to remember that you have to have earned income to invest in a Roth IRa- so hopefully you are working while attending college, or working during the summer. Best of luck! |
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What are some tips for first Is not a good or bad time for
investing stock? how much
expect do I need to invest, i
wanted minimum.
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READ< READ, READ before you invest. Any time is a good time to invest if you are planning to keep the stock for a long time. You should invest only what you can afford and be able to lose. You can invest for as little as $25 a month if you want to join an investment club. This is the best thing for someone just getting into investing. You will learn a lot by investing with experienced investors. You want to keep your costs as low as you can. Trading online will cost you roughly $10 a trade so the more that you can invest the lower the cost is per share. I would recommend investing maybe $300 each time. At this your expenses are 3.3% of the trade. Try to get it down to 2%. You can save up your money for months and then buy. Don't forget to diversify. Don't buy just one stock in one industry. Buy in different industries. The two websites below have some good resources. Sign up for some of their daily or weekly newsletters. Investopedia has one that is a different term of the day. EDIT - Why get a financial advisor when you can do it yourself. All it takes is common sence. All of the information you need to know is online and in books. Only get a financial planner if you are not good with your finances. They can help you get on track. |
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