2006-07-13 11:12:31 · 8 answers · asked by smith007 2 in Business & Finance ➔ Investing
diversify with ETFs or Mutual funds.....avoid individual stocks until you become experienced and gain a working knowledge of the markets.
2006-07-13 12:32:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
find a cheap investment rep and let them do all the work for a small commission. if you're an independently wealthy (over $5mil in net worth) beginning investor, i suggest something like E-Trade or Ameritrade (who recently merged with Datek, who had a great ticker service). they offer strategies to beginners, but people who can't follow their trades full-time should contiue doing what they do best and let the investment reps do what they studied to do.
this crap about them making themselves richer while everyone else poorer if ridiculous. A) there are laws against that, and B) do you really think Bill Gates monitors his own money? no, he has an investment advisor. if Bill Gates, who is smarter than you and me put together, sees the need for an investment rep to manage his money, what does that say about the rest of us?
2006-07-13 11:30:26 · answer #2 · answered by Choose Life 3 · 0⤊ 0⤋
Think ahead and be early in your investing themes....then be the first to buy before the ship boards and sell out while the ship is packed full.
become a "vulture capitalist" and feed on your neighbors(it sounds mean and it is, but you asked)
2006-07-13 12:45:33 · answer #3 · answered by -* 4 · 0⤊ 0⤋
Congratulations on investigating one of the spheres that can possibly make a huge positive impact on your material future. I have several ideas for you to keep in mind:
1. Diversify your investments to help control risk
2. Keep your costs low by investing in low-cost mutual funds and exchange-traded funds
3. Continue to educate yourself by reading on this topic -- check out www.bobbrinker.com for his excellent list of recommended reading
2006-07-13 11:30:18 · answer #4 · answered by Stretch 1 · 0⤊ 0⤋
Visit betterinvesting.org and aaii.com. Visit smartmoney.com, click on Smart Money University and Investing 101.
2006-07-13 11:30:40 · answer #5 · answered by Allen 3 · 0⤊ 0⤋
i'd likely not start up out day paying for and promoting. rather in a Roth IRA account. that's totally risky. in actuality, maximum brokerage companies gained't enable day paying for and promoting in a Roth IRA. you want to have margin as a thanks to day commerce effectively and IRS guidelines gained't enable margin in retirement money owed. per chance you should start up out with ETFs. They function like mutual money, yet commerce like stocks. try to be in a position to get a fantastically assorted portfolio with round $5000. good success.
2016-11-02 00:25:26 · answer #6 · answered by ? 4 · 0⤊ 0⤋
Stay in the shallow end
2006-07-13 11:15:18 · answer #7 · answered by insuranceguytx 5 · 0⤊ 0⤋
buy low sell high
2006-07-13 13:46:15 · answer #8 · answered by DP1981 3 · 0⤊ 0⤋