2006-10-11 04:42:58 · 6 answers · asked by sendmebyebyes 2 in Business & Finance ➔ Investing
I do not wish to sound flippant but slow and steady does it. That means invest your money is a diverse holding of sound companies that are not currently overpriced. Certain mutual funds focus their investment strategies on such companies as does by the way Warren Buffet. Over a period of time say 10 to 20 years, that strategy will yield superior results.
2006-10-11 04:58:51 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A smart way is to educate yourself by reading books and informational articles on websites, such as Yahoo Finance. Once you have some background, I'd recommend attending many of those free seminars you see about investing in your area (typically it's a brokerage firm seeking clients, and that's okay... you might appreciate their expertise and decide to do business with them). You could even take a class at your community college; most are taught by a stock broker currently in the business and up-to-date on the latest investment strategies and ideas. Finally, make a decision to invest in an IRA... probably with some well-diversified mutual funds. Be a long-term investor... you'll sleep better at night.
2006-10-11 20:46:18 · answer #2 · answered by Mike S 7 · 0⤊ 0⤋
Start out with something simple that has little or no risk. In other words start at the bottom and work up. With every new investment you should study it out and see if your willing to risk your principal another words loose your money... There are very few real get rich ventures that really work as they say. For Instance How to get rich in Real Estate on Late night TV. Watch and learn but mainly those are for selling you Hundreds of Dollars of tapes and yet you may not every be able to get things off the ground...
Start something you like and stick to it thru thick and thin.
2006-10-11 11:52:33 · answer #3 · answered by Scott 6 · 0⤊ 0⤋
Well don't think you are going to get rich on ebay... LOL.
Or any other get rich scheme. And don't sell drugs.
I have a friend that does slumber parties, and another that sells Fruitavita vitam drinks. You could also make extra money selling Avon or Mary Kay if you can sell items!!
None of the scams work.... Don't be another sucker and call one of those numbers off the tv.
Nothing is free, and everything comes from hard work.
You need to keep your full-time job, and just try to make extra money.
=)
Best wishes....
2006-10-11 11:48:07 · answer #4 · answered by Stacy M 4 · 0⤊ 0⤋
Buy Property/Real Estate! (As many as You can Finance)
On a Buy-To-Let Basis-Leave for 10 Years.
Choose Up & Coming Areas with Potential Commercial Growth as well as Professionals who will be Your Customers!
The rest as They say iis the Key to Your Financial Future
2006-10-11 11:49:30 · answer #5 · answered by J. Charles 6 · 0⤊ 0⤋
smart way?? there is no smart way... there is only one way which is of patience....thats my experience
2006-10-11 11:46:13 · answer #6 · answered by Naeem A 3 · 0⤊ 0⤋