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how to start investing,like i want to learn the safe game
of investing.i want to know
the abcd"s of investing.
please tell me where to start
and i am really interested to
know.
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If you are 25 today and you retire at 67 with a million dollar investment portfolio, that will safely generate $60K/year. But when you are 67, that 60K will only have the buying power of a little over $16K/year. It gets worse though, because at 67, you will still probably have 30 more years to live and that 16K will shrink each year until it’s only worth $8K/year at age 90. A million dollars isn’t what it used to be… and it will be even less in the future. So…. We must all become educated investors much more so then our parents were and start sooner. These are some basic steps to get you started. You’ve got to jump in now. Step 1. First decide what kind of brokerage you want to work with. You can open a brokerage account in your bank, with a large full service brokerage or an internet brokerage. I find when I get help, most people want to sell me things that are better for them…. So I use http://www.scottrade.com because it’s cheap and easy with low frills. I like their streaming quotes and I do my own research and make my own investments. But any low cost internet brokerage service is fine. Step 2. get a subscription to Barrons or Investors Business Daily… Do this for 6 months or a year. At first, It seems a bit mysterious, but pretty soon you start to understand the terms and things that investors are looking for and what they are afraid of Step 3. If you have some money to invest, put it in 3 month CD’s right now. First the market is unstable and second you have some homework in Step 4 to do before you do any investing. Step 4. Go out to the internet and search on the following subjects. Become very familiar with the concepts. Asset allocation Long term investing inflation Roth ira vs ira Large med small cap Value vs growth Indexed mutual funds No load mutual funds ETF Sector funds Bonds CD preferred stock dividends International funds Market cycles volatility Fundamental analysis Technical analysis In most cases, I think it is wise to use indexed mutual funds and ETF to build the base of your portfolio. Step 5 go to http://clearstation.etrade.com / and sign up for a free account. Play around there by looking at graphs and fundamentals. If you click on the graph names, you will get clear information about what the graph is based on and how to interpret it. I think it’s also a good idea to pretend you have $10,000 and start buying and selling on paper. Keep track of where you are each day for a month… It’s a lot easier to lose play money then real money…. WARNING: don’t rely on technical analysis alone. These graphs are good at telling you WHEN to buy and sell, but now WHAT to buy. Step 6. It’s always a good Idea to see a CFP (certified financial planner). Their job is to work for your benefit, not to sell you investments. They can cover subjects like employee benefits, insurance, budgeting, living trusts, 401k, taxes and real estate as well as investment types and investment types to keep away from. Always strive to do your own research… you’ll find everyone sounds like an expert so take everything people tell you with a grain of salt. It’s not easy in the beginning but soon you will be the expert. Don’t get involved with futures, currency, options (unless you get stock options at work), commodities, annuities or other derivative type investments at this time. Good Luck |
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What is good resource to learn I want to start investing in
shares & stocks. I don't know
anything about investing so
first of all I want to do some
research and understand it
before i start investing. But
i don't know where to start or
to learn from. please if
anybody knows, your advise
would be appreciated.
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Trade real time with the stock simulator at Investopedia. They also have a good resource center. http://www.stock-trading.jims- info.com/... http://money.howstuffworks.com /... If you wish to research the “Buy and Hold Strategy” vs. trading and market timeing further, or perhaps trade yourself, I recommend two book titles. One is called "Which Is Better, Buy-and-Hold or Market Timing?" The other is "Do You Have What It Takes to Be a Market Timer?" They will give you plenty to think about. http://www.investopedia.com/ http://sharebuilder.com/ |
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What is your favorite What is your favorite
investing forum? Which is the
most popular investing forum?
Specifically focusing on stock
trading.
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Investor Village is the best if the individual stock board is active; Motley Fool is also terrific; and the Street.com also has some really good participation. Here's a guide to all of them: |
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I am 33 and want to start I don't have a lot of money to
start with. What I am looking
for is, who to contact? What
company? What type of
investments, real estate,
stocks and bonds? I have three
children oldest is 10 youngest
is one, I need to make money
fast and bend into a long term
portfolio. I know little to
nothing about investing, under
any circumstance?
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I would be careful about trying to make too much money too fast - you'll just end up losing money trying to hit a homerun with a single stock pick. Slow and steady is the only way to make it in the market. That said, I would suggest buying what the best traders are buying. This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. Here are this month's best traders: http://www.top10traders.com/To p10Standings.aspx |
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What are the best online tools I want to start investing on
my own. Does anyone know of a
GREAT online investing tool or
tools that will help make this
a success?
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yahoo finance for sure!!! |
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