What might be a good company to invest in right now. One that is expected to grow strong? I am first time investor and not sure how much to invest and where to invest it. Any tips will help.
2006-12-11 03:59:53 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
Usually you can discuss what products credit unions, and independent brokers are offering at no charge. If you want to buy stock and don't want to pay for advice, read, read, read. Every magazine, news article, and Internet article. You have to determine your personal level of "risk tolerance".
In general public utilities/blue chip stocks are safe with low growth. New and growing companies are risky with higher growth. I would advise to start small. Ameritrade, and sharebuilder or two sites that I know that are low fee and for the small investor.
2006-12-11 04:14:52 · answer #1 · answered by Mike M. 5 · 0⤊ 0⤋
I disagree with everyone else on this question (particularly the two guys who are promoting scam websites). If you're young, you have plenty of time to learn enough to invest wisely in the stock market. Read any book by Peter Lynch, a legendary mutual fund manager.
His basic message is this:
1) Stocks, in the long run, offer the best return of any investment. In the short run, they are more volatile, but you shouldn't be investing for the short run in the first place.
2) The average investor has many advantages over a mutual fund manager (and this is said by a highly successful mutual fund manager!)
Don't ask for advice, don't listen to tips or fall for get-rich-quick scams. Read, study, and learn. Start small, invest only money you can afford to lose, and grow rich slowly.
2006-12-11 10:49:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Invest in a mutual fund, which is comprised of investment several companies. Investing solely in one company is a much greater risk. You can research the long term records of funds to view their return over a 10 year period or the lifetime of the fund. You can earn a solid 12% this way over a long period of time. There will be ups and downs in the market, periods where you will lose 12% but gain 24%, you want to look at the track record of a fund.
2006-12-11 04:10:43 · answer #3 · answered by CP 4 · 0⤊ 0⤋
Tim, if your looking to start investing, I would recommend a diversified mutual fund. Individual stocks have a lot of volatility and it is very difficult (regardless of the get rich quick books say) to determine which company will go up in value in the next 3,6,or 12 months. That is why so many people invest in CDs.
But if you want to earn the best return, choose a mutual fund with a long term track record of earnings over 10% per year costs below 1.2% per year.
Good Luck!
2006-12-11 04:08:50 · answer #4 · answered by MR MONEY 3 · 0⤊ 0⤋
Before you make a decision , take a look at http://4xgenie.com .
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When you will sign as a new member, use a code MSMS555.Good luck.
2006-12-11 04:44:29 · answer #5 · answered by sil 3 · 0⤊ 0⤋
Before selecting any company to invest in it is always a good idea to know why you would invest in that company. The best advice is to get educated about investing before starting.
"The Bogleheads Guide to Investing" is a great place to start.
2006-12-11 04:51:24 · answer #6 · answered by Kenny 3 · 0⤊ 0⤋
I like Yahoo (YHOO) as this stock is currently trading a its low. There is a lot upside potential in my opinion. I tend to invest in companies i know and YHOO certainly fits into this category. For more ideas and methods of evaluating stocks, see http://ibooyah.com
2006-12-11 04:34:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋