I have finally learned to save money effectively and I am ready to make my money grow so my question now is where do I start to learn about investing?
2006-09-22 12:33:00 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Good for you! There are a couple of places to start. One is to pick up a copy of the magazine called Money. It's about personal investing and has scenarios that may match yours. Also, there is a very good book called Investing for Dummies by Eric Tyson for about $15. It's written simply and you can just read the parts that interest you. You need to understand your risk tolerance and how agressive you want to be. Since you're just starting out, pick a mutual fund that has great diversity and is ranked well by Morningstar. You can search for mutual funds on Yahoo! Finance mutual fund screener. I have no relationship to Money magazine, Yahoo, Amazon or Eric Tyson. Best of luck to you!
2006-09-22 12:41:52 · answer #1 · answered by Roca W 1 · 1⤊ 0⤋
Colleges are good? If you can be disciplined the public library is a great place. Trial and Error are good teachers(I would recommend a friends club where everyone puts in a little money a week and as a group you decide how to invest it).
If you have money to invest now. Get a financial planer. Then decide which way you want to go. Once you feel confident you can get rid of the financial planer and go it alone
2006-09-22 14:01:53 · answer #2 · answered by ? 6 · 0⤊ 0⤋
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 75,000.00 and 30000.00 in taxble account. by follow simple rule
2006-09-22 16:33:38 · answer #3 · answered by Hoa N 6 · 0⤊ 0⤋
Come and take my course: FNSR 3350 Securities Analysis.
Of course you should probably be in the Greater Vancouver area of British Columbia (Canada).
2006-09-22 12:51:39 · answer #4 · answered by econprof57 3 · 0⤊ 0⤋
Read,read,read,and then read some more....
Check out some books by Peter Lynch or John Rothchild....These guys are pros.
2006-09-22 14:07:47 · answer #5 · answered by - 2 · 0⤊ 0⤋
www.morningstar.com
they have quick and easy online click through courses you can take with escalating complexity and depth
2006-09-22 12:42:53 · answer #6 · answered by BJS 1 · 0⤊ 0⤋