... for someone really ignorant in the subject.
2007-03-22 23:15:15 · 8 answers · asked by Miss D 7 in Business & Finance ➔ Investing
Hello Miss D.
Since you descriscribed yourself as "ignorant" on the subject I would not recommend that you invest in "stocks" at all. In fact , no one who is soley relying on the advice of others should own stocks directly.
I am not saying you should not invest. You should start with some education and then first buy Funds (indexed mutual funds or ETFs - they have different advantages based on your situation so you need to learn the difference to know which is best for you). I provided you some links to start learning about investing and Funds.
Good luck and please come back and eask more questions, everyone should invest their savings!
2007-03-23 03:31:24 · answer #1 · answered by random_market_investor 2 · 0⤊ 0⤋
No where, you just have to trust yourself by doing research.
If you don't want the headaches, buy ETFs instead.
Electronic Traded Funds are like mutual funds.
It's a basket of companies (stocks).
You don't have to worry about a bad news that will hurt your company. You just need to know how is the market or sector.
ie. GLD = gold, SLV =silver, XLE = energy, FXI = China, etc...
Check them out at Yahoo.com's financial site.
If you want your money to grow, think how the stock will do in a few years from now and buy it.
My unbias picks are: GLD, XLE, FXI, GE, WMT, WYNN
The last three are not ETFs, but they are very global.
2007-03-23 01:31:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Your local library should have books by financial planner Suze Orman. She is down to earth in her advice. Check her tv show on Saturday nights which not only talks about stocks but about insurance, wills and trusts, and other financial topics. The best advice is not to invest in anything that you don't understand. Knowledge is power.
2007-03-22 23:20:55 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the internet.
actually that is a broad ?.
not sure what your time frame is?
how much $ you have.
will you invest more reguarly, or just one lump sum?
mutual funds or stocks only.
remember to diversify.
biggest gains are to go against the grain.
buy low & sell higher.
remember taxes.
retirement acct or not.
if you want audio tape on investing let me know by sending me an email.
if yoy want to do it just get started slowly now.
2007-03-23 00:00:26 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Your local Stock Exchange. View their web site they may have on line lessons to assist you.
2007-03-22 23:19:50 · answer #5 · answered by The Old Salt 3 · 0⤊ 0⤋
Jim Cramer on Mad Money on CNBC.
2007-03-23 03:20:30 · answer #6 · answered by franksprung 3 · 0⤊ 0⤋
I will help you for FREE.
2007-03-23 20:41:55 · answer #7 · answered by Anonymous · 0⤊ 0⤋
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Your local library should have books by financial planner Suze Orman
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Suze Orman is worthless. But I do give her credit for the way she abuses the poor. Charging $25 for a book that just tells them to buy an index fund.
2007-03-23 05:40:20 · answer #8 · answered by Anonymous · 0⤊ 0⤋