I Know nothing about investing please tell me the best investment company in the NY, NJ, CT area
2006-11-27 16:17:26 · 13 answers · asked by Tamar 1 in Business & Finance ➔ Investing
That is such a broad question. Here is a good site for the begininner.
http://www.advancedwealthsolutions.com
< peace >
2006-11-27 16:25:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Hey,
Sound idea but FULL of TRAPS that can cost you a BUNDLE!
I invested $8K in real estate and built it to just under $1M in about 15 years. Then I LOST it ALL because I trusted my advisor TOO MUCH.
It is NOT the company because they are ALL in it to make the cut based upon the percentages. They are ALL being paid a commission to pitch a product; no matter if it is good for YOU and your goals or not! That is how they cover THEIR WEIGHT.
They are also NOT allowed under SEC rukles to invest in the products that they pitch, so it is a moot question to ask.
Find a market that you KNOW and do your HOMEWORK; it's easy with the net. If you like real estate, STUDY and learn the market indicators. Probably the safest is REIT because you can get in low and ride the knowledge of peopel that KNOW what they are doing.
If the investment seems like a fast return, then there is HUGE risk so PLEASE be CAREFUL.
If you can't calculate a monthly payment at a specified interest rate over a specified time in your head STAY OUT!
Look at a savings account, mutual funds and maybe CD's. They are SAFE and you don't have to listen to a bunch of "jive" that makes NO sense to you.
I understand business and bought ENRON for my wife's IRA, HAH she is now my ex. On the other side I bought CAL Pine for mine.
I bought Intel because I know Andy Grove and RESPECT his management style. As a hedge I also bought AMD.
To answer your question directly, I would probably talk to someone at Charles Schwab and do YOUR HOMEWORK FIRST!
Also keep in mind that unless you have a $100,000 to invest minimum, some intern is going to manage your account and you will get ZERO personal service.
Good LUCK and BE SAFE,
Jacques
2006-11-27 17:00:11 · answer #2 · answered by jacquesstcroix 3 · 0⤊ 0⤋
Invest in the Foriegn Currency Exchange Market. Earn more interest monthly than most banks will pay you in a year! If you are worried about being a novice, don't. FreedomRocks takes the guesswork out of investing. Anyone can manage any size portfolio in just a few minutes a week. I manage a portfolio of $10,000 in no more than 20 minutes per week! It's great! Check out this website and why I was so favorably impressed. www.simple4xinvesting.com
Best Regards
Chris thomas
541-554-8140
2006-11-28 11:27:16 · answer #3 · answered by Chris T 2 · 0⤊ 0⤋
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2006-12-01 10:04:42 · answer #4 · answered by ? 2 · 0⤊ 0⤋
If you are new to investing, I strongly recommend mutual funds, particularly index mutual funds. Vanguard Funds has several of those to choose from, like the 500 index fund or the total stock market index fund. Check it out at www.vanguard.com
The best thing is, you don't need a broker to buy a fund - just deal with the fund directly.
2006-11-27 16:29:32 · answer #5 · answered by banjuja58 4 · 0⤊ 0⤋
It really depends on how much money you have at hand. The first step would be to go to a reputable bank and ask for investment type they offer. A simple investment would be in a form of certificate of time deposit. It bears higher interest than ordinary savings deposit. Please dont hesitate to ask their investment personnel so that you may be guided in your choice of investment.
2006-11-27 16:28:45 · answer #6 · answered by jet 3 · 0⤊ 0⤋
there is an awful lot to know about investing Do a lot of studying on who what and how ask questions of people that do investing even call some broker and ask alot of questions if they will let you and then call some more and ask more questions. It is your money play it safe and play dumb before giving your money to a stranger.
2006-11-27 16:25:09 · answer #7 · answered by sickand tired 3 · 0⤊ 0⤋
You need at least $100,000,000.00 USD to hire the best investment company in New York.
2006-11-28 04:52:04 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Rule #1) DON'T TRUST STOCKBROKERS - goto ameritrade or etrade.
Buy this book:
http://www.amazon.com/Jim-Cramers-Real-Money-Investing/dp/0743224892/sr=8-1/qid=1164693452/ref=pd_bbs_sr_1/103-8398262-3699006?ie=UTF8&s=books
2006-11-27 16:58:43 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Go to the financial firm called Primerica and they can help you. Primerica is known all over the world.
2006-11-30 12:29:11 · answer #10 · answered by Anonymous · 0⤊ 0⤋