2007-07-24 02:51:48 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
first, assess yourself, what is your financial capability, risk tolerance, and investment goals. then search appropriate investment tools that can help you to achieve your investment goals and within your risk tolerance.
ING Direct CD is the safest bet with 5.35% return. mutual fund able to give you much higher return; 10% to 20%. however, to me stock market is the highest. but if you are still new and not yet ready, better get rid of it first.
Step-by-Step Stock Investing Guide for Beginners
http://www.stock-investment-made-easy.com/
http://home.ingdirect.com/
2007-07-24 03:48:36 · answer #1 · answered by BigBen 5 · 0⤊ 0⤋
Investing in "individual" stocks takes a lot of knowledge and practice; so I would not suggest doing this until you understand completely how the stock markets work.
Vanguard.com is ideal for long term investors who want to learn about mutual funds, index funds, and exchange-traded-funds (ETFs). Trading funds is less risky than trying to trade "individual" stocks.
Unless you plan on spending everyday of your life looking at stock charts trying to determine the best time to get in and out of "individual" stocks, I would look into some sort of fund.
Also be very careful about asking for stock tips online. Most are probably worthless or contain unethical motives. Do not fall for any Pump-and-Dump scams.
As far as books go, I actually started out with the Investing for Dummies books, and they definitely pushed me in the right direction. To many other books have their own agendas in my opinion.
The websites below all contain plenty of FREE information to get you started in the right direction.
2007-07-25 03:59:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
start at a credit union and do CD's for 5-6%. It's slow but its a guaranteed return. Once you feel you have more than enough to do some serious shopping for other avenues, then start "gambling" with other investments outside of what a bank can do.
2007-07-24 09:58:06 · answer #3 · answered by avengress 4 · 0⤊ 0⤋
Hi,
This is the right time to get into stock market if you are keen on stocks investments. You can get useful tips on stocks trading from http://stocks.advisorinternet.info . Check it out. Good luck!
2007-07-24 09:57:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
IF you are talking about stocks, try an Edward Jones office.
2007-07-24 09:56:33 · answer #5 · answered by QuarterRoy 2 · 0⤊ 0⤋