What Is the Best Investment Strategy?

Question

I'm a 20 yr old college student with 10,000 dollars in extra scholarship moneys, what is the best way i can grow my money.(strated stocks in late august and have profits of 23 percent investing in nke, amzn, fdc-wu, yhoo, plt, orcl, usg, auy)

If you couldnt tell AUY, USG, ORCL, FDC/WU, and PLT are all cramer plays. However NKE, AMZN, and YHOO were all my own research, nike is up over 23 percent since i bought it and amazon is up over 43 percent since i bought it both in late august. So i try not to listen to cramer all the time, but i needed to start somewhere.

Answer 1

I highly recommend that you watch Jim Cramer's "Mad Money". The show comes on CNBC at 6:00 p.m. He is a stock analysts who has great tips for stock picks.

Answer 2

Short term: Bank CD's

Use ladder strategy. Invest 25% in 1 year note, 25% in 9 month, 25% in 6 month and 25% 3 month.
Every 3 months, rebuy another 1 year CD. That way, you'll never be more than 3 months away from your money in case of an emergency. Every 90 days one of your CD's will reach maturity.

Answer 3

Read "The Intelligent Investor" by Benjamin Graham. He was Warren Buffett's professor at Columbia, and Buffett attributes much of his wealth to what he learned from Graham. It's a value approach to investing. Buffett has consistently beat the market year after year for 30-odd years. Good luck!

Answer 4

Don't listen to Cramer, he makes every stock go up. Just use common sense. Look at financial statements, see how they make money, see if there earnings are growing or will grow in the future.

Answer 5

Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.

http://investing.sitesled.com/

I am sure that you can get your answers in this website.

Good Luck and Best Wishes!