Just starting off with "investing" and I don't know too much about it.. should I try mutual funds or bonds first? If not, then what? Thanks!
2007-07-05 14:52:41 · 8 answers · asked by Emo B 5 in Business & Finance ➔ Investing
It depends on your situation. But, let's assume that you are a modestly conservative investor who can't afford to lose a lot of money. I would suggest getting into a good mutual fund and reinvest the proceeds. I like Vanguard funds for people like you because their expense ratios are VERY low. That way most of your money works for you. Best of luck.
2007-07-05 14:59:31 · answer #1 · answered by dustyrustie 2 · 0⤊ 0⤋
Mutual funds start with an index fund from a no load company like Fidelity or Vanguard. You will need to have them take $50 a month from your bank account if you don't have enough to meet a minimum investment.
It is a great experience even if you lose a little you will learn something about your risk tolerance.
2007-07-05 14:57:56 · answer #2 · answered by shipwreck 7 · 1⤊ 0⤋
Look into divdend reinvestment plans. You can pick a stock or two, buy the minimum number of shares, perhaps only one share, and then put more money in and reinvest the dividends. Go to www.moneypaper.com or www.dripinvestor.com and learn how. You don't need to pay their fees to buy through them, you can buy through a cheap brokerage or sometimes from the company directly (like Exxon). Also, you can learn a lot by joining an investment club. Go to www.better-investing.org to learn more. Good luck!
2007-07-05 18:57:46 · answer #3 · answered by Katherine W 7 · 0⤊ 0⤋
I know some from my uncle(billionaire), Im not so sure but I ask him how much money I need if I want to start involving in Stock..he said just only $5000 kid! ...
and if yo want to have good experience first, go to yahoo Finance for your portfolio as paper money.... then you can start by www.investools.com
Good Luck
2007-07-05 15:38:42 · answer #4 · answered by Jason 4 · 0⤊ 2⤋
Hi, here is a collection of informative articles about investing. a free online investing tutorial for you.
http://www.investingtutorial.info/
good luck !
wish you make fortune from investing !
2007-07-05 16:27:20 · answer #5 · answered by Anonymous · 0⤊ 2⤋
Is poker the only ingredient left interior the international to earn greater money? i might recommend to shop the money in financial organisation, mutual money or placed money into shares that can furnish you lots greater danger unfastened neat income :)
2016-09-30 23:57:36 · answer #6 · answered by mcsweeney 4 · 0⤊ 0⤋
I'd buy Bob Kiyosakis boardgame called "Cashflow 101" yeah thats what Id do.
2007-07-05 14:56:35 · answer #7 · answered by Anonymous · 0⤊ 5⤋
buy some stock in Walmart.
2007-07-05 14:57:21 · answer #8 · answered by miss j 2 · 0⤊ 3⤋