How can I invest my money?

Question

I am married with 2 kids under 5 & plan no more. My husband works full time & is studying by correspondence. I am studying by correspondence & a stay at home mum. We are both studying to further our careers and income!We are both 25 own a home which we renovated & is now worth $300,00. We have no debt besides our mortgage which will be paid off in 19 years. We earn $50000 a year & I will return to work in 6 months so our income will increase. We want to know what we should do as our next investment. Everywhere we have asked for advice has said to invest in shares or buy another house. We have no idea what shares even are & are afraid to borrow money against our mortgage to buy another home. Has anyone done any of theese things? Any advice would be greatly appreciated! We live in Australia.

Answer 1

Spend a hundred or two to hire a financial advisor, fee for services only. The others will be tempted to sell you stuff that pads their commissions more than your future, but if you must try one of the top insurance companies. If you were in the US, I would recommend Prudential or SunTrust. Ask at your bank first, then ask if the advisor is part of any professional organization, then check with that organization for information and programs, and other advisors in the area.

They will want to build what is commonly called an asset allocation for you. They SHOULD be asking a whole lot of questions about education hopes for your kids, about retirement plans for you two, about your other insurance coverages (life, health, and disability), and your interests in hobbies, personal goals, and even charitable causes.

Then think it over. Don't buy right then. Keep copies and sleep on it for several days. If they pressure you for a sale, tear up the papers and leave, don't ever go back (don't worry about one or two, there are tens of thousands of good advisors). This is sort of like a diet or a new suit, if it doesn't fit it won't work.

Answer 2

How does Trading Work? I can say you that take a look at this site ( http://forexsignal.kyma.info ) may be it can help you. It 's one of the best course about trading. It seems like Trading is almost totally based on Macro-economics. It also strikes me that since there are not nearly as many currencies as there are stocks/bonds/derivatives etc etc, there must be a large number of market players in each currency bracket. So logically, currencies must be very liquid true? Also, what is the risk of Currency trading, high or low? When I read the business section every day I notice that the Canadian loonie moves hardly a tenth of a cent on a regular basis (in comparison to the US dollar). So it seems like theres very little room for growth in currencies unless you leverage. On that note, whats the maximum leverage permitted for forex trading. I know in stocks its x2, and in derivatives its x10. Anyway the only way to know how to start a profitable buisness is by following some methods like the one that I suggested.

Answer 3

To borrow money to invest in never a good idea unless you have tremendous skill and knowledge in your field of endeavor. Also, never ever buy annuities, managed mutual funds or anything else that has a high commission. Before you do anything at all, you should "invest" in a book called The Battle for the Soul of Capitalism by John Bogle, the founder of Vanguard. Another very good book that most definitely will point you in the right direction is Bogleheads.

Answer 4

Look at companies that sell mutual funds, stocks and such. It is a good idea to have your money invested in several different types of things, not all in houses ... what would happen if the housing market crashed?

Anyway, talk to a licenses investment professional. We tuck away some into funds composed of a dozen or more different stocks so that we're not directly tied to the success and failure of one company/conglomerate. Your investment professional should be able to ask you a series of questions to determine how much risk you're able to tolerate and then match you up with some funds - she/he should also be able to diversify your investment. Some large companies that do this that I can think of include Charles Schwabb, Merrill Lynch, some banks, etc.

Answer 5

Australian stocks look great going forward with China very interested in your resources. If you both are going to work + 2 kids will not have much time to fool with real estate. EWA is an etf which has the key Australia stocks in 1 low expense fund. I am sure you have local index funds as well. Open an acount with an online stock broke like schwab.com ( I believe avail in Australia) & begin investing. There is nothing to know. Don't need to know what shares are or how stock market works as long as you buy index (local & global) funds. Some Us exposure via ADX good as well. Local key stocks - BHP Billton & Rio Tinto.

Answer 6

I have invested in an equipment company in Fort Worth, TX. They buy and sell Caterpillar equipment. Your money is invested in the machines only, and that way there's no risk of losing it. The return on investment is 20 - 30% per year.
If you would like more information on that, just send me an email at [e-mail].

Answer 7

Buying a house requires lot of money and investing in shares requires research and it takes time to grow.
I would recommend you to do invest in Forex trading. You can make good money if someone guides you how to trade.
Check the website below where top Forex trading programs have been reviewed.
Here you can start with as little as $25 to see how you can make profit.

Hope it helps

http://money-review-site.com/investment.html

Answer 8

you may now make investments income 3 trouble-free steps: a million) open a Demat Account with economic enterprise or broking provider (Reliance funds, Karvy, Indiabulls and so on) 2) Deposit you cash in Demat account. 3) purchase shares on your demat account with the aid of a application or with the aid of telephone call to broking provider.

Answer 9

Investing in a high volatility stocks over a 10 years term. Every month set aside a same sum of money and put into the same stock you buy. Both of you are young, you guys can afford to buy stocks with "high risk". Just a thank you for me when you are 35.

Answer 10

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.