I have approx $50 to invest in the market up coming year. I have looked into a managed solution provided by financial institutions such as Fidelity and Merrill. And I am sure there a plenty of other as such. My question is if you had to invest this money would you do it on your own or let a professional handle your money? Sure trading on your own especially a novice such as myself can be risky however you would hope for higher returns and negate any fees. On the other hand it maybe a bit safer going thru financial organization such as Fidelity. I among others want to maximize my returns at the end of the year. What would you do?
2006-12-07 16:32:07 · 4 answers · asked by Vik 1 in Business & Finance ➔ Investing
Sorry typo $50,000.00 no $50.00; LOL
2006-12-07 17:09:06 · update #1
The question is, how much risk are you willing to take to get your desired returns. A financial professional understands market and portfolio risk and gets paid to manage risk.
You don't provide enough information to give an accurate answer. How long will you be investing for? How much risk are you willing to take? What is this money for? Is it in a taxable account? What other investments do you have? What does your cash flow look like? How old are you?
If your net worth is $100 million and you're 21, buy a couple of stocks yourself. If you are 21 have $0 net worth and this is an inheritence that you need for long term goals and eventually retirement than hire a professional.
Good luck.
2006-12-07 17:29:10 · answer #1 · answered by Steve 3 · 0⤊ 0⤋
Is it $50 as in fifty dollars or are we talking at least $50,000 as in fifty thousand??????
If it is only $50 in overall total amount, then it would be smart to do mit on your own. However if it is $50,000 or more, then you should seek professional advise to start......
the more the digits in your numbers the better it is to talk to a professional such as: AXA Advisors, Morgan Stanley, Merrill Lynch, UBS Painewebber. My favorite is AXA Advisors
www.axaonline.com
2006-12-08 01:03:19 · answer #2 · answered by cece c 1 · 0⤊ 0⤋
just take little time to study & do it urself
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2006-12-08 00:36:37 · answer #3 · answered by dinu_pawar 5 · 0⤊ 0⤋
I can help you for FREE until you have $100,000.00 USD and then you can become a paying customer or find somebody else.
Top 5 Answerer.
2006-12-08 13:18:17 · answer #4 · answered by Anonymous · 0⤊ 2⤋