I want to learn how to invest in funds, is there a good site for this?

Question

Is there such a site for playing around to let you see what it is like to invest in funds. I would like to learn how to do this. I don't know anything about the stock market. thanks

Answer 1

www.motleyfool.com
www.suzeorman.com
www.schwab.com
www.vanguard.com
www.fidelity.com

Answer 2

Lesson #1 in investing in mutual funds is this:

Learn the difference between average annual return and compounded return. I took a survey once at a business meeting and 100% of all atending did not know.

APY is a big fooler. It fools you into buying mediocure funds so the fund can collect money and pay the owners. Its a sales too.

Think 7% APY is a good return over 10 years in a mutual fund? or even 10% over 15 years. Its mediocure and plain lousy. APY is based on your ORIGINAL INVESTMENT DOLLARS . so if you put up a 1000 dollars its based always on that 1000 dollars.

Memorize this for a comparison. A compounded 7% return on a CD for 10 years yields an average APY of 10% and for 20 years at 7 % it yields 20% APY. That is so because money at 7% doubles in 10 years so it increases 100% and divide by 10 years gives you APY of 10%

So a mutual fund that yielded 10 % APY for 15 years is same as investing in a bank CD at 4.5% compounded. Amazing thing and so hard to believe.

You learn this one lesson and it will make you a better investor all around.

I suggest you go to somebody like Schwab or Fidelity and search their stock ratings. Schwab rates A, B C and so on and Fidelity uses a method too. Buy yourself a stock that has a good rating and stick with that till you learn a bit about things. Mutual funds are not for the investor who wants to learn the market. They charge a fee and do the work, you learn nothing.

I you still decide on funds, Look at the major stocks owned by the fund. Dont buy a fund that has major stocks in it that have already yielded huge returns . Simply not a good thing to do.

Answer 3

Sorry you got pitched by scammers. Okay, successfully investing in the stock market is easy. The place to put your money is in a broad based index mutual fund. And leave it there. I'll repeat that. Leave it there. If you move your money around and try to time the market you will lose. There are people with the most sophisticated programs the most comprehensive information and Ph.ds in finance and they don't beat the broader market over the long term. You won't either. It's not a game. You don't get rich quick. You should just invest regularly in the same thing. Over time you will do very well. Any other strategy simply does not work over time.
Google index funds and click on the sites that aren't trying to sell you something. Easy and profitable. Luck to you.

Answer 4

and these scammers are about to get banned. as for the question you want to LEARN first. Http://www.morningstar.com has a great tutorial learning class in their tools section you can learn at yoru own pace and even get free stuff. Check them out.

Answer 5

Here's a page for finding a good good mutual fund to invest in:
http://www.best-stock-trading-systems.com/mutual_fund_ratings.html

Answer 6

www.primerica.com
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