i would like to know more about investing. like how to do it and what to do it in..?

Question

im 18 and i want to start somthing before im too late

Answer 1

Read Rich Dad Poor Dad, and start reading and attending investing/business seminars like crazy. Find a mentor in your area and volunteer to help him/her out with their daily business tasks. Learn and become a sponge. Then, when the right opportunity comes around, go for it. I would recommend you take business in college, or something related. Good luck and feel free to email me w/questions.

Answer 2

Excellent. IMO, you would be best served by reading some info on stocks, bonds, and mutual funds. These are the "meat and potatoes" of the investing world and most people have at least some of their money in these. (There are other ways to invest as well, including real estate. But I would recommend first starting with the basics.) Any of the following sources should help get you started:

1) Book: Mutual Funds for Dummies, by Eric Tyson. Single greatest book for beginners, IMO. Even better than my book.
2) Book: The Boglehead's Guide to Investing
3) My free downloadable book at http://www.invest-for-retirement.com
4) Some great tutorials are at http://www.investopedia.com

When learning about investing, you will want to pay particular attention to these aspects:

- How costs have a dramatic impact on your overall return in the long-run. Even a 0.5% reduction in annual expenses can give you $100,000 or more over several decades of investing.
- What is "asset allocation"? Why the stock to bond ratio is the most important factor determining your risk and return in the long-run.
- The benefits of investing in "non-correlated" asset classes.
- The benefits of "rebalancing" your funds at regular intervals.
- What kind of returns have the stock market given in the past? What might we expect over the next several decades?
- What is an "efficient market" and why is it difficult to beat the market over long periods of time?
- What is the difference betweem an actively-managed mutual fund and an "index mutual fund"? Index funds beat about 70 - 80% of actively managed funds over a period of 10 years or more, mostly because of low costs.

Answer 3

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.

Answer 4

invest is not just about putting your money in anything but expect to be a millionaire the next day. but it begin with yourself. assess your investment risk and the expected return.

once you understand who you are, start looking for available investment. this can vary, from real estate to stock market. try to learn inside out, and don't wait till you have the money. and most importantly, be focus. don't listen to the "market noise" so much. otherwise you'll easily get distracted from your financial plan.

Like Don S said, don't forget "Rich Dad Poor Dad" book. it is an eye opener for me and fun to read too!

Step-by-Step Stock Investing for Beginners
http://www.stock-investment-made-easy.com/

Answer 5

Education , glossary and investing 101 links
about 1/2 way down on the left . . .

http://finance.yahoo.com/

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Answer 6

you might want to create a "practice" portfolio at http://www.top10traders.com - it's free - each month the site ranks the best performing investors.