2006-11-19 09:09:22 · 13 answers · asked by Anonymous in Business & Finance ➔ Investing
my pocket should work
:)
2006-11-19 09:10:35 · answer #1 · answered by Anonymous · 0⤊ 1⤋
The stock market is the place to invest. The best way to get started is to find study what the best traders are buying and selling. Then use that knowledge to make big gains in the market, hopefully! This is the idea behind the site http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck!
2006-11-19 11:58:06 · answer #2 · answered by Anonymous · 0⤊ 0⤋
if you want to invest on your own (and avoid paying a broker or advisor), i would suggest putting some of that money into stocks and equity, and some of it into fixed income (like bonds and CD's).
if you do not know much about stocks, i would suggest researching and investing in either ETF's (exchange traded funds) or mutual funds. both options are stock and/or bond portfolios managed by pro's. the difference is that ETFs are traded like stocks, and you can buy or sell shares prettymuch at whim. mutual funds are similar, but they are less liquid (you usually have to hold on to them for awhile or get charged redemption fees). mutual funds are also a little more expensive due to management fees and/or taxes due to turnover. you must take this into consideration.
i would also put some money into bonds and/or CD's. there are many types of bonds, all with different levels of risk. in general though, they are a safer investment than stocks. the same holds true for CD's, which you can get through your bank, but CDs usually offer a lower yield than corporate or municipal bonds.
you MUST do your homework before investing in anything. if you sign up for an online brokerage such as etrade, you can research top performing funds and pick the funds that best match your tolerance for risk. bonds are also good because they provide a predictable amount of income. you can buy government bonds through the treasury's web site, and your local bank can help you invest in other types of bonds and CDs.
good luck.. i hope this was helpful
2006-11-19 10:41:45 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Definitely do some homework on some stock that interest you. Look around you and see what people are using everyday.
Open an account with an on line trader such as "scott trade" and get in there.
Check out some of the lower priced stocks to start out with like ones under a dollar all the way up to $3.
Start a Mutual Fund as well and add to it monthly!! You can have this mutual fund in an IRA so it can be tax deductible.
Start now... the biggest mistake people make is that they fail to start!!
2006-11-19 11:04:23 · answer #4 · answered by Kitty 6 · 0⤊ 0⤋
Depends how much time you're willing to invest. Investing in the stock market has historically given the highest return out of any asset class, but if you want to invest in individual stocks you need to spend a lot of time and read a lot of research. However, if you don't have much time, throw it in mutual funds and exchange-traded funds, which are securities that mirror the return of the stock market or individual sectors of it. Morningstar is a good starting point
2006-11-21 06:59:29 · answer #5 · answered by Robert J 1 · 0⤊ 0⤋
You can invest by paying me a few trips around the world that i want to make, and also i love tiffany jewerly and designers clothes. I promise to take good care of them so i protect your investment.
God bless you!
2006-11-19 09:44:37 · answer #6 · answered by Shannella 2 · 0⤊ 0⤋
Hello there.. You should check this out.. I think it's the best investment you could find on the net
http://investment.esmartguy.com
It's not the official pages, when u reach there you'll understand..
Good luck..
2006-11-19 19:35:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Look at the articles in 'Investing' at http://www.hammocksurvivalguide.com/ for some really good advice.
2006-11-22 21:41:48 · answer #8 · answered by David S 2 · 0⤊ 0⤋
Index funds. Most beat the mutual fund managers and they have much less costs.
2006-11-19 14:19:16 · answer #9 · answered by NunZ7777 4 · 0⤊ 0⤋
Buy silver coins
2006-11-19 22:29:47 · answer #10 · answered by Anonymous · 0⤊ 0⤋
when u accumulate 10k perhaps a high yield vanguard fund
2006-11-19 13:17:08 · answer #11 · answered by lapsuslingue 3 · 0⤊ 0⤋