2007-01-30 08:45:08 · 8 answers · asked by chantaghsstar 2 in Business & Finance ➔ Investing
Let me first confirm your situation : You are looking for investment that you are willing to invest money but not your effort and time. Is this correct? Well, then I believe the best investment is real estate,paper asset investment or partnership venture involving capital investment only. Do some soul searching and find your passion - is real estate, paper asset or business right for you? Word of caution - you have minimal control on both paper asset and business as silent partnership, however you may have good control on your real estate investment.
Hope this helps.
Good luck and watch out for shrewd crooks!!
2007-01-30 09:03:20 · answer #1 · answered by Kevin K 1 · 0⤊ 0⤋
I think the best way to learn about the stock market is to first see what the best traders are buying and selling and why. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck.
2007-01-30 12:14:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you're talking about investing in the stock market and executing your own trades, open an account w/ Scottrade. They're really cheap: $7 trades. To really see a return, you should be willing to invest at least 5k in each company you buy. If you don't have that much right now, then you should not invest in the market - also, this should be discretionary income, meaning you could afford to lose every dime. You can open the account online.
2007-01-30 09:27:55 · answer #3 · answered by Matt K 4 · 0⤊ 0⤋
That is called passive income .
Yahoo has a complete investing education center FREE and has all the daily stock activity from the major markets.
Study it then , I recommend Schwab because you actually make your own decisions, the agents are not allowed to churn your account to make commissions like some other brokerages.
http://finance.yahoo.com/education
2007-01-30 09:05:13 · answer #4 · answered by kate 7 · 0⤊ 0⤋
examine books on making an investment conservatively and prudently which includes Warren Buffet, Benjamin Graham and Phil Fishers books. Then as quickly as you benefit a elementary of the thank you to take a place paper commerce to ensure which you do no longer make blunders while finding out to purchase and advertising actual funds. many people will advise you its as hassle-free as commencing off an cyber web account it is the hassle-free area the troublesome area is increasing the cost of your investment without dropping you shirt.
2016-09-28 05:02:25 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Depending on where you live - and how much money you have to invest - real estate is usually the best route to go.
2007-01-30 08:54:21 · answer #6 · answered by liddabet 6 · 0⤊ 0⤋
Be careful of money now scams, and learn all you can about real estate before you jump in. The stock market may be of interest to you, but like EVERYTHING else do your homework first! Good luck!
2007-01-30 09:00:01 · answer #7 · answered by tamali 2 · 0⤊ 0⤋
Open a brokerage account at TD Ameritrade and then drop me a line if you need more FREE Financial Advice.
2007-01-30 09:38:43 · answer #8 · answered by Anonymous · 0⤊ 1⤋