I have no investing experience and I would like to start. I have 15k in a bank account, no mortgage, no debt,

Question

no wife or kids. Where do I start. I would like to be aggressive and eventually invest in many different products. any ideas or brokers to work with?

Answer 1

Well, may I suggest that you put your "aggressive" attitude on hold until you figure out what you are doing. Subscribe to Businessweek or read it online for a while, or go to CNN.com/business link and look around a while first. Then use the portfolio features to practice.

The market waits for no one, but opportunites arrive fresh every day, so cool your jets and learn first, then practice, then put real money to it. Good luck.

Answer 2

Invest in yourself. That should be your main goal. Many people invest in mutual funds. That's a great step if investing is not your cup of tea. But if it is, you will find joy and excitement investing your own money. The profit will come almost as an afterthought. I myself invest in the share market. But most people find investing in real esate to be 'safer'. You can do the same. Buy a house in a good location, sit on it, and eventually you'll make good capital gain. But if you want cash flow, invest in rental property. Flats, condos, etc. Since you're talking about broker, I assume you're interested in the sharemarket. Before you talk to any broker, ask friends or relatives. Most brokers are there to make money. They might sell products that don't suit your need simply because they make money by doing so. Investment books will be good investment. Learn how to read financial reports.

Answer 3

If you are going to attempt to do it all yourself... you can go to E-trade... fill out info online, send check and start....
It would be a lot better if you approached it a little slower with some sort of " plan" in mind....
You probably should keep some cash on hand....
You probablyshould put the first $ 4000. into an IRA...
THEN.... go to a site like Fidelity...where you can learn some of the basics of mutual funds...there are things you should know, many things make a difference in your investing...the size of the companies a fund holds, the past performance of any funds, the risk level and what you want to risk ( don't let the word " risk" scare you..it's always there but it's not like everyone's out to get you) Fidelity's "Freedom" funds are blended funds of stocks and bonds designed for your age. They would be a safe place to put a good portion ...and as you get more familiar you can buy into more aggressive funds or just funds concentrating on a part of the market you think will perform better (thus profit more)
Maybe you should go to a site like Fidelity or Vanguard and get a number for a customer rep...they can send you info about their plans....maybe get that IRA into something and watch it work while planning a strategy( THAT reminds me...I think on Fidelity's intro page you can "research" funds and there are some recommended funds and also some "strategy" explanations.
Sorry this is such a messed up explanation.

Answer 4

I would recommend watching Jim Cramer's 'Mad Money' on CNBC. This will introduce you to some ideas about stocks and is a pretty entertaining show. Also get some books about investing in general, read Yahoo Finance, and pick up the Wall Street Journal. I would advise you to not be "aggressive" very quickly. Investing takes time and patience, and requires you to do your "homework" as Jim Cramer says.

Answer 5

Start with one of the big mutal fund companies. Pick five funds and put 3k in each. When you say aggressive, I assume you are looking for growth. There are funds labled aggressive growth. These are usually small cap funds. Some ideas to research: portfolio,
Long term bond fund
High yield bond fund
Mid cap value fund
Sector fund - energy
Sector fund - financials
The mutual fund company may have some suggested mixes of funds.

Answer 6

Sounds like you are looking for something like mutual funds. Get educated about them and invest on your own rather than though a financial adviser. MOrningstar.com is the ultimate resource, Yahoo finance has a good fund screener. Fool.com had sots of background info.

Answer 7

Hi,

Kindly inform you that the best way would be to start your own trading. It is most profitable business in the world with no boss, no office and no trading hours. You'll be your own master.

I could introduce you to one brokerage company in Austria that allows to trade from the same account as currency pairs as commodities, metals and cfd on shares; total 500 instruments available. It is very rear option. currency spread from 1pip.

If you decide to start your own trading following books would be very useful:
Market Wizards by Jack D. Schwager;
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 M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams

Another option: you may find trader who accepts private investments and make investment with him/her.

Good luck!

Answer 8

Start with Schwab or one of the ones that you see advertised then check their reputation. Edward Jones there really are alot of them out there that will do you well. Possibly try 2 different brokers w/ amount of money you have, then you will see how different ones work for you.

Answer 9

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!

Answer 10

I suggest you to open a brokerage account at TD Ameritrade.

If you need more deailed FREE advice then drop me a line.