i need help regarding in which field should i invest money stock market or in saving funds .and which is best mutal fund in market today .
2006-10-12 02:50:23 · 6 answers · asked by love5jab 2 in Business & Finance ➔ Investing
Congratulations on getting started. It’ll help you more than you know! You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!
How to invest depends on what you already know. We'll assume that you're beginning.
A good primer is How to Make Money in Stocks by William O'Neil. You can get it cheap just about anywhere. It’s widely available new or used.
Another good one is one of Jim Cramer's books.
But books will only get you so far. At some point, you'll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com
For free, you can start by visiting thestreet.com and investopedia.com. That'll get you a pretty good primer so at least you'll understand what the markets are and what a stock is, etc.
If you get a chance, watch Mad Money on CNBC. Don't trade any of his picks. Just use the show to get you to understand some basics and get a feel for the market itself.
Next, subscribe to something like investorsbusiness daily or something like that that can help you identify good stocks.
Once you understand stocks, go to 888options.com. It's a website that'll help you understand options (what they do, how they work, etc). You don't need to trade them, but the more you know, the more you'll see how options can really be the safest way to invest (once you're educated).
As you get more advanced, you might want a technical analysis book like Murphy's Visual Investor or A Technical Analysis Course by Meyer.
If it's discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter
I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin.
As you get up to speed, you should papertrade to practice (highly recommended).
You can practice on almost any reputable broker site (optionsxpress, scottrade, thinkorswim, etc).
Start slow, then as you figure things out, you can buy more shares.
As for mutual funds, just do a quick search on some of my answers on that. You might start with a few, but as you learn more, you'll want to move to stocks or ETFs.
Congrats again on getting started. If you have any questions, please let me know.
Hope this helps!
2006-10-12 04:32:29 · answer #1 · answered by Yada Yada Yada 7 · 1⤊ 0⤋
Dear
Stock market is always related to uncertainties & risks.
Saving funds are much safer side to play with our hard earned money.
There are lot of MF which are best but plz do some homework before investing.Just have a look on some of MF's 5-6 months results u will have an idea. Some of them even double ur money.
Best of luck
2006-10-12 03:18:27 · answer #2 · answered by renuka y 2 · 0⤊ 0⤋
You have to be careful.It will be better to spread your investments in various types of investments with respect to risk involvement.Try to go to some good agents at your place .Discuss the details and try to find out yourself on whom you should rely and how much you have to invest.
About mutual funds there are many schemes in each mutual fund some are good and some are not so good,by seeing the past performance record you can judge yourself where to invest.
2006-10-12 03:06:01 · answer #3 · answered by suchsi 5 · 0⤊ 0⤋
pl do not start with direct share investing. better to take a mutual fund route. invest in good equity diversified MF e.g. SBI Magnum contra, Reliance growth or Franklin Templeton blue chip. u do not need an to learn about share market jargons, no need for demat a/c, no broker a/c. u get a regular statement from MF. have a horizon of 4-5 years and opt for growth option. u will get good return free of income tax. u can concentrate on ur regular vocation.
2006-10-15 08:28:46 · answer #4 · answered by NirmalJain 2 · 0⤊ 0⤋
Unless you are quite savvy in investing in the market, it can be quite hazardous. Mutual funds are proven to be safer albeit less profitable. I invest in a managed account that pays on average 20% per month with direct deposits in my checking account every two weeks.
2006-10-12 02:56:34 · answer #5 · answered by polecat 2 · 0⤊ 0⤋
Spread your money in various mutual funds, as detailed advice can be given only after studying your profile. This is the simple method of investing.
2006-10-12 03:50:26 · answer #6 · answered by cvrk3 4 · 0⤊ 0⤋
1) Stock Market.
2) Bill Gates's best mutual fund may not be the best mutual fund FOR YOU.
How much do you want to invest? (For some mutual funds you need a minimum of $100,000.00 and for others you need a minimum of $1.00)
2006-10-12 04:07:14 · answer #7 · answered by Anonymous · 0⤊ 1⤋
I would be glad to help you. I have been a Financial Advisor for many years. Let me know privately what your specific circumstances are.
2006-10-12 02:53:38 · answer #8 · answered by Shannon G 2 · 0⤊ 0⤋
you get a book " alla alla panam" by soma.valliappan
tamil book, good to get about the stock market up and downs and etc
2006-10-12 06:11:34 · answer #9 · answered by ar.samy 6 · 0⤊ 0⤋