Stocks or mutual funds
2007-02-10 06:37:27 · 8 answers · asked by btroy03 1 in Business & Finance ➔ Investing
Start with $1,000
Go to a bank and buy a "balanced mutual Fund" that has no front end load or rear end load (no buy/sell fee)
This will give you a start with a diversified portfolio , of stocks , bonds, and money market instruments. It will not carry much risk, and will have little volatility. Add to your position when you can.
Learn all you can about investments and next get more money and invest it in a "Blue Chip" dividend fund. Learn more, earn more, contribute more...and when you are ready to accept the risk, while keeping your other funds, buy a growth equity fund.
Keep learning and investing and you will get rich
2007-02-10 11:10:16 · answer #1 · answered by bob shark 7 · 0⤊ 0⤋
I can not say that I completely recommend doing so today; but when I was a beginner I invested every cent I had in the stock market and even used margin. I no longer do that. Too old now and much more conservative.
But there is an old saying. You learn by doing. From what I know today, I would certainly have done differently 45 years ago when I was beginning.
Here are the trade offs. Every cent you can invest today over a 45 year period if you do not screw up too badly will earn you abut 73 cents. But in ten years every cent you invest will earn you only 28 cents. In 20 years every cent you invest will 11 cents. So the earlier you start the more you will make. There is a heck of a big difference between 73 cents and 28 cents. So starting early pays off really big.
On the other hand, young people through their inexperience tend to make somewhat rash investments sometimes. I did. Always looking for the killing. Investing in mutual funds tends to moderate the rashness, if you invest in good mutual funds.
2007-02-10 06:53:30 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You should only invest what you are willing to lose and yet feel comfortable about it. Never invest your money if you can't. Start off with a Mutual Fund that has a low initial investment and no fee/tax. Also, buy some silver bars when the price comes back down. It is slow, but no taxes and you trade them in when you are ready.
2007-02-10 06:47:49 · answer #3 · answered by Anonymous · 0⤊ 0⤋
When I started I open up an account put all my available cash in it but only invested 1/4 of the total in any one stock, just in case I lost I wouldn't lose it all. More importantly than how much should you invest is how confident are you in your investing strategy? When you are confident in your strategy you will know how much to invest. If you are not confident make sure you invest enough to cover all your commissions.
2007-02-10 07:20:37 · answer #4 · answered by Yaasbut 1 · 0⤊ 0⤋
It depends.
The most important thing is that you diversify your portfolio,or
invest in a variety of different things.
As for a concrete number, I would say anything's fine for a beginner, to get experience. If you're interested no making cash, then no less than 3 or 4k.
2007-02-10 06:46:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋
stable plan. initiate with _Dummies handbook to inventory marketplace Investing_ or _Idiots handbook to inventory marketplace Investing_--it would not actual remember which. What concerns is which you detect out approximately each and each of the basics.
2016-09-28 22:25:04 · answer #6 · answered by lichtenberger 4 · 0⤊ 0⤋
no more than you can afford to lose
2007-02-10 06:45:19 · answer #7 · answered by karen b 2 · 0⤊ 0⤋
Half your salary (If you don't have a house)
2007-02-10 07:37:59 · answer #8 · answered by Anonymous · 0⤊ 2⤋