My husband and I would like to invest some money, except we know nothing about it. Where is a good place to start and what are some good sites I can check out to read more about investing money and where to start? We don't have too much extra money at the end of the month and we are just looking to buy our first house...
2007-03-06 10:21:05 · 8 answers · asked by Me 4 in Business & Finance ➔ Investing
The person who has the first answer and told you your home is your biggest investment is flat wrong (sorry but it's true).
I saw a brialliant billboard for Schwab the other day that shows a man at his home, really happy and it says "My home is worth a million dollars..."
...is not an investment.
Your home is where you live. You should treat it as such. Buy other properties as investments, but leave your own home alone.
You have to sell your home to get any money out of it. What are you gonna do...sell it and move into a much cheaper home to get the money out? Do you want to downgrade like that? Do you realize all of the fees involved with buying and selling?
So yeah, long story short....don't view your home as an investment.
I'm 26 years old, and a Realtor. Just last week (no kidding) I met with a financial advisor from Merrill Lynch (who was a really cool guy) and after our 45 minute meeting turned into 2 hours of me asking questions and learning of all the exciting opportunities life has to offer...he finally had to leave for another appointment. We would have been there 3 hours easy. Haha
You and your husband should visit www.ml.com or call Merrill Lynch at 1-800-MERRILL. They don't have you set up expensive accounts or anything like that. I was actually surprised and asked him "Hhmm...ok, where you do make your money because I see you don't really make it off of me!" In other words, it's a good deal for people like us!
A financial advisor (whose job is to deal with people like you and your husband, and me) will explain everything to you.
Good luck and congratulations on your first step into such an exciting future! :)
2007-03-06 12:49:45 · answer #1 · answered by Edward 5 · 0⤊ 0⤋
Honestly, ... try this.
Visit swisscash.net
I am an investor with them and have a US$50K portfolio there. I'm getting paid every month on time as promised and guaranteed. The average returns are 20% per MONTH!
You can recover your initial investment amount within 8 months and then it's profits on the run from there.
Read the details...it's easy to understand.
It's not an MLM...nothing to 'market'. You can just be an investor and reap ur returns which are guaranteed as stipulated.
You can visit my financial site provided by them at www.swisscash.net/sgamk1632202
There are alot of negative blogs and people tagging it as a scam.
I know what has happened. There were reports that SC investors scammed others...but I wonder why the corrected newspaper reports are not being circulated. It was never a SC involvement but some clowns scamming others by encouraging them to invest with some Swiss Union Bank. Anyway, hell with others. SO far there has been no complaint from a single SC investor that he/she did not get paid as guaranteed.
By the way, I am in touch with some senior consultants of Swisscash and I must say, they are serious dynamic professionals and I'm confident they will be profitable for at least the next few years.
I started with $1K initially and then after my confidence with them, I have now increased to $50,000.
Best regards...Kaz
2007-03-06 19:50:21 · answer #2 · answered by A M K 2 · 0⤊ 0⤋
I think the best investment right now is by far the Foreign Currency Exchange Market, also known as the Forex. Where else can one earn interest on up to 400 times his or her money? The banks have known this secret for years, this is where they produce a large percentage of their income. But, not until about 1998 was it really introduced to the public, thanks be to the internet. There is only one problem though, 95% of people lose their money within the first 60 days. I was searching for a way to invest in the Forex, but eliminate the guesswork, and eliminate sitting in front of the computer all day. I came across FreedomRocks, and it truly is one of a kind. I have been using the system now for about 6 months, and I have seen very healthy returns. The system does 95% of the work, and it only takes about 20-30 minutes per week to manage a portfolio of any size. FreedomRocks has the biggest Forex brokers in the industry fighting for their business. The best part is anyone can try the system for free. Check out www.simple4xinvesting.com for more information.
Also, feel free to contact me anytime with any questions.
Best Regards
Chris Thomas
541-255-2647
ctppl541@yahoo.com
2007-03-10 05:34:08 · answer #3 · answered by Chris T 2 · 0⤊ 0⤋
You must get Stock Investing for Dummies, and 24 Essential Lessons for Investment Success these books are worth every penny.Also you are going to want to set up an online account to better understand what they are talking about in the books you will have visual picture. do not set up margin account I have the best online broker there is and they are very cheap. If you email me I will send you right to them and let you know how to set it up and you don't have to deposit money till you are ready. my email is franksprung@yahoo.com I do get 50 dollars for referals but they are the best and I am more than happy with there service.
2007-03-06 12:59:02 · answer #4 · answered by franksprung 3 · 0⤊ 0⤋
The quick and easy guide to investing in the stock market:
1) Open a brokerage account with a company that doesn't charge a fee for owning an account (tradeking.com and scottrade are examples.)
2) Buy what are called exchange traded funds. These allow you to own a little stock in a lot of different companies. Two that mirror the S&P 500 (which is composed of the 500 biggest stocks in the US) are the SPDR fund (ticker symbol SPY) and the ishares fund (IVV)
Good luck.
2007-03-06 12:18:45 · answer #5 · answered by Adam J 6 · 0⤊ 1⤋
go to www.bankrate.com and find the highest FDIC insured CD to invest in until you are ready to buy the house. Meanwhile, read "Investing for Dummies" by Eric Tyson, and on the web, www.investing.rutgers.edu. Once the downpayment is saved, and you are sure you can handle the mortgage and car payments, then you can invest in the stock market.
2007-03-06 10:28:57 · answer #6 · answered by gosh137 6 · 0⤊ 0⤋
your first house should be the largest investment of your life. I would say use your money for that..fix it up how you'd like. If you have a good real estate agent she/he should be able to tell you what the market is doing in that area. As far as in a year or two how much equity you would have built. Goodluck.
2007-03-06 10:25:21 · answer #7 · answered by Shawnaj 3 · 0⤊ 1⤋
Forex is pretty good (and profitable ) investment , but only with http://4xgenie.com services,because otherwise you get stuck with analyzing,studying,learning,etc. 4xgenie will send you daily alerts to your PC,when / what to sell/buy. They make trading soo easy and the best part is 100 % profit is guaranteed.Check it out for your self. www.4xgenie.com, code for free week is MSMS555.then you can pay for services with money you have earned in your free week. It doesn't get any better than this.
2007-03-06 13:40:59 · answer #8 · answered by michigan 2 · 0⤊ 0⤋
If you wanat to invest in something try the bank they have people there who will help you and your husband pick stock that will forfill your needs, and maybe introduce you to a nice IRA account for your retirement
2007-03-06 10:32:11 · answer #9 · answered by sweetbooty 1 · 0⤊ 1⤋