Books stores are always helpful, especially the business section.
Rule #1 by Phil Town is a good start!
2006-07-12 09:04:56
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answer #1
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answered by ? 4
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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. (Some people say 6 months.) 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 mortgage and student loans. (Consider paying off these too, especially if the rate is high.) 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. Buying a house instead of renting will make you a lot of money in the long run.
Believing advice you get on Yahoo answers can be risky, so read these websites for further information. I don't agree with everything they say, but most of their information is good. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
2006-07-15 07:34:22
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answer #2
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answered by Anonymous
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Go to a broker and put some money into the stock market. It doesn't have to be much. Just invest and watch what happens to the money. Experience with your own money is the only way to really learn the market and investing. Doing tutorials and reading up on it would be like doing tutorials and reading up on basketball or football or swimming. You'd never be in the game or you'd never get wet. You'd never know what it feels like to win or to lose. And you'd never really know how to play the game or how to move through the water.
Get the idea?
2006-07-12 08:12:25
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answer #3
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answered by quietwalker 5
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For starters, you can't learn about all of that stuff at once. One step at a time, please! ;) I learned by reading financial publications. I subscribed to Money and Barron's, and just kept reading and reading (that was pre-Internet days, by the way!). Also, there are frequently free seminars offered by local brokerage companies that can give you some basic information about the market and some of the terminology associated with investing.
Good luck! May all of your returns be 7% and higher!
2006-07-12 10:01:59
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answer #4
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answered by SuzeY 5
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on the left side of the page http://finance.yahoo.com/?u there are a list of things to learn... they are simple and straight forward. It's a good starting point to learn the terms and some basics - start with education
after that there are all kinds of things you can find on the internet and bookstores, and as was mentioned above, get barrons magazine or something similar.
2006-07-12 10:28:21
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answer #5
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answered by yeeooow 4
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2017-03-01 04:58:35
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answer #6
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answered by Corinne 3
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2017-02-19 22:49:04
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answer #7
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answered by ? 4
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Check out betterinvesting.org and aaii.com. Also smartmoney.com and click on smart money university, investing 101.
2006-07-12 08:46:19
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answer #8
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answered by Allen 3
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there is alot of helpful tips on this article about investing, stocks, marketing or anything to do with business. hope it helps
2006-07-12 09:09:32
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answer #9
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answered by Anonymous
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search stock trading tutorial on google, u'll get some good sites
2006-07-12 08:08:44
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answer #10
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answered by redsoxrule9108 2
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