I am 68yrs old am I too old to start investing in stocks & etc? What should I invest in?

Answer 1

Only invest in what you can afford to lose or have extra out of your monthly income.

Answer 2

You're never too old although your goals would be different at 68 than a 30 year olds would be.

I would suggest you read "Investing for Dummies" or any other book that teaches you the stock market. It's available at most book stores or on Amazon.

I'd also suggest that you look at Mutual Funds. There are many ETF's that you can buy directly from a stock broker.

You first need to decide what you want the money to do though. Are you looking at protecting your principal and investing is safe investments or are you looking at more aggressive investments?

Your bank may have a financial adviser that can help you figure out what your goals are. They don't usually charge a fee to ask. But their fees to actually invest your money are likely to be higher than it would be if you did it on your own.

Answer 3

What you invest in depends on your goals and your time horizen. If you need current income (i.e. you need income from your investments starting NOW) and preservation of your capital is very important, then you should be in bonds, cash, and/or solid blue chip high dividend paying stocks.

If you are planning to use the money in 5 years or more--or if you're planning to leave some of it to your heirs--then you can invest in a balanced portfolio of stocks (you probably still want some bonds/cash to control volatility).

Your health plays a role in your decision too. If you are anticipating medical problems over the next few years or if you don't have much in the way of health and disability insurance, you definitly need to have your money in very safe investments--like cash and bonds--because you may need large chunks of money with no warning. Say you suddenly had to go to the hospital today because you have a heart attack. You wouldn't want to have to be selling stock in order to pay the bills, since the market is suddenly way down. You'd be forced to sell low and lose money, simply because you have no cash savings.

Answer 4

Your never to old. It depends on the reason why your are investing. Are you looking for long-term gain? Short-term? Just want to save? Do some research on what stocks that interest you. If you want to be safe, I would suggest something like Home Depot, Google, Cisco, etc.

Answer 5

No, you're not too old, but don't "bet the farm" on risky stocks. I'd recommend an index mutual fund, and start out small until you know the ropes.

Answer 6

I'm not sure what the going price is these days but I made a hansom profit in gold. I bought it when the prices were low (cough cough) but I sold it off (at least the part that wasn't stolen) when the price jumped up more than double.

Answer 7

you're not too old to invest. Find the right fund you would be comfortble with

Answer 8

no try and ask the bank about annualitys or trust

Answer 9

not at all
try atistock freeware