2006-12-03 19:39:50 · 7 answers · asked by AJ 1 in Business & Finance ➔ Investing
All the answers you've received (so far) will help you lose your money (quickly).
A. Forex.... great if you're an experienced trader. Keep in mind 90% of all Forex traders lose their money. On the ones that "win", they lose 40% of their trades (on average).
B. Stocks. Never invest in anything you don't understand & never take tips (from anyone or sourse).
Put your money in a savings account for a year. Take this time to learn investing. Learn "asset allocation". Just plain read as much as you can. Then (in a year) start investing. You'll know what to do that's best for you!
2006-12-04 00:38:58 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
If all you have in 3k to invest, you might wish to consider mutual funds instead of stocks. They offer you a great deal more diversity for the money. There are some closed end funds that trade like stocks that will offer you great diversity for the money.
TDF or CHN invests in China 500
IIF invests in India 500
GAM invests in large cap stocks 1000
IWN an index fund that invests in small cap stocks 500
SWZ invests in Switzerland 500
With half your money in foreign funds you will be somewhat protected against a drop in the value of the dollar. And 1/3 of your money is going where the best growth is expected.
To keep your transaction costs to a minimum use an on line broker.
2006-12-03 22:59:13 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Hi,
You may start forex trading.
I'm constantly earning from forex during last 5 years.
I created my trading technique acordingly those books:
Technical Analysis by Jack D. Schwager;
Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;
Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;
Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill Williams;
New Trading Dimensions by Bill Williams
And I recomend it to every beginner. Of course there would be loses and wins but main thing is the final balance.
Furthermore I accept private investors and usually pay them at least 5% monthly for 12 month. If you would like to join me then please PM or e-mail me (press on my name) and I provide you with further details.
2006-12-03 21:05:31 · answer #3 · answered by VP 3 · 0⤊ 0⤋
Go to the web site of the Equidata Investor at http://www.equidata1.com. They've made money for me.
2006-12-04 01:06:18 · answer #4 · answered by A.David C 1 · 0⤊ 0⤋
get an IRA going if don't have 1 @ Schwab.com or the like. can put $1k in a gold fund, $1k in global mutual fund & 1 in s&P 500 fund.
2006-12-04 03:35:32 · answer #5 · answered by vegas_iwish 5 · 0⤊ 0⤋
$1000 in finance
$1000 in e-commerce (internet co's)
$1000 in manufacturer or food
2006-12-03 19:43:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Infosis.. i think it be better
2006-12-03 19:50:59 · answer #7 · answered by dinesh j 2 · 0⤊ 0⤋