2007-02-06 09:52:29 · 10 answers · asked by avapet76 1 in Business & Finance ➔ Investing
crack
2007-02-06 09:57:34 · answer #1 · answered by dexter 3 · 0⤊ 1⤋
The BEST WAY to start investing is NOT TO listen to anyone's opinion; but do your own investigation with your family or trusted friends. Start at a Public Library or Barnes Noble and read some good books and go from there. Also check out the CAN SLIM method from INVESTORS BUSINESS DAILY
2007-02-06 18:11:58 · answer #2 · answered by . 7 · 0⤊ 0⤋
Mutual funds will help you diversify your investment without individually choosing stocks. This is good to start out with for a person without a lot of investment capital. You don't have to worry about buying a bunch of other stocks, and is managed by someone else, so it almost worry free...
2007-02-06 18:03:12 · answer #3 · answered by DiLow333 3 · 0⤊ 0⤋
Start doing "fake" trades, paper trading, before putting your real money on the line.
Start with the SPY (SPDRs), an ETF that imitates the S&P 500 index.
After all 80% of the mutual funds underperform the S&P 500. When the market is losing money, almost all mutual funds lose money, but if you invest yourself, you can sell when its heading south, without penalties mutual funds charge.
2007-02-06 18:42:45 · answer #4 · answered by Carlos G 3 · 0⤊ 0⤋
Scott Trade or Ameritrade are good online resources. start with a CD account at a bank. then I would suggest conservative stocks, like the coca Cola's, IBM, Hondas, publishing houses media houses like CBS, NBC which I think is owned by General electric or ABC which is owned by Disney. or do some research. I am a conservative investor, but others are risky and have had good luck.
2007-02-06 18:02:39 · answer #5 · answered by motorized vehicle 3 · 0⤊ 0⤋
Mutual funds with fixed monthly withdrawals from your bank account as this averages out your investment whether the market is high or low.
2007-02-06 17:56:36 · answer #6 · answered by Akbar B 6 · 0⤊ 0⤋
R.R.S.P. start at least $500 or $200 per year. Every month $100 dollors if you could save on blocked savings for one year. the best way to save is block your money, in that way you want be able to touch it. Do not saving your unblock cheqing account or saving at your home. Sometimes we're weak and tempting to use it. the best way to save by Bonds, 'Gic, R.R.S.P. or buy an Dailly interest savings Insurance policy. Evry penny, money counts , you save it for along time, you will get good interest and you won't regret it. I see money investments are very valuble in our fure hold and very much gives less stress. If you have any difficult to save alots of money, then try to save in every month at least $50 and do not touch it, and continue. less expences for unnessary habbits, could save good amount and you could be Rich .Do not buy junk, less shopping habbits,reduce too much parties, Alcohol or other pleasure in that way you or anyone could able to save good investment. Don't go for Credit Cards.
2007-02-06 18:09:34 · answer #7 · answered by Liz 3 · 0⤊ 0⤋
You could invest a few share at a time buy those solid big companies that no traders want such as:
Microsoft: company has real merchandise and profit earning years after years and pay dividends.
You could slowly accumulate it by using http://www.sharebuilder.com
2007-02-06 20:39:03 · answer #8 · answered by jean l 3 · 0⤊ 0⤋
buy MONEY magazine this month. It lists all the mutual funds and their stats, expenses...etc....
Choose a fund or two or 3 and start investing.
2007-02-06 18:37:02 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I would suggest you to invest in shares. Check the website http://money-review-site.com/shares.html
to learn more on shares and stock trading and how to select the best stocks.
Hope it helps
http://money-review-site.com/shares.html
2007-02-06 21:30:03 · answer #10 · answered by Anonymous · 0⤊ 0⤋