2007-02-05 15:00:48 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. (Some people say 6 months.) Financial disasters like getting layed off or sick happen to all of us.
Second, I would pay off all high interest debt. Pay off everything you can except the house mortgage and student loans. Paying off debt is one of the best investments you can make. You will have more money in the future because you won't have credit card bills to pay. (Depending on the rates, you may want to pay off the mortgage and student loans as well.)
Third, start investing in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be.
Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work.
Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
http://www.vanguard.com/VGApp/hnw/planningeducation
http://finance.yahoo.com/funds
http://www.dallasnews.com/sharedcontent/dws/bus/scottburns/columns/2007/vitindex.html
http://www.fool.com/school.htm
http://sec.gov/investor/pubs/assetallocation.htm
https://flagship.vanguard.com/VGApp/hnw/FundsInvQuestionnaire?cbdInitTransUrl=https%3A//flagship.vanguard.com/VGApp/hnw/planningeducation/education
2007-02-06 02:48:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are new at this buy a mutual fund and let the pros manage your money. Go to Vanguard .com and check it out they are very good and can get you started on an investment program.Call them at 1 800 662 6273. Ask About the Equity Income Fund it is a good one. good luck
2007-02-06 06:15:09 · answer #2 · answered by ? 6 · 0⤊ 0⤋
Call Merril Lynch and tell them you want to buy. After you understand the ins and outs, you can go with someone like Scwabb and do it yourself to save some money
2007-02-05 23:11:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
get aptistock freeware
& mock trade with buy sell signal
2007-02-06 05:17:32 · answer #4 · answered by dinu_pawar 5 · 0⤊ 0⤋