whats the name of the companies that I can pay to watch my investments? buy/ sell stocks etc?

Question

I was with amerpride., (i guess) but I had to go online to sell and buy stocks., i have lost money cos i never knew what to buy or sell., does anyone knows a company where I can deposit the money and pay them to manage and invest in stocks for me? and manage and start my porfolio with mutual funds, etc etc? thanks

Answer 1

That is what a mutual fund is for, to invest for you. You might look up trust administrators in your local phone book. On the other hand, to get by on the cheap, divy up your investable cash in some combination of these and you will, in the long run, do better than the average investor/trader: DIA, SPY, IOO, NY, DVY, and maybe PXN. These are exchange traded funds (ETFs) and can be bought and sold just like stocks, so there aren't any 'fund loads' (sales charges) beyond a common stock commission. There are very low administration fees. With these you just buy and forget it (until the distributions--dividend--checks periodically come out). If these tank, everyone else has long since folded.

Answer 2

The easiest thing for you to do would be to buy exchange traded funds. These are mutual funds that trade online. Just stick your cash into an index fund (for example SPY and IVV which hold all the stocks in the S&P 500) and forget about it.

On average most professional money managers don't do better than the S&P 500 as a whole, and they charge for their services, so this is a good and inexpensive option.

Answer 3

If your using Mutual funds, Buy them from the fund and let them ride. Don't pay a broker for mutual funds as you end up paying up to 6% of your investment money to the broker. you can buy them direct and pay no sales charges.. Take time to learn about investing before you start and you will be better off in the long run investing in things you understand.

Answer 4

First of all you have to educate yourself. There is plenty of free stuff on the Net.
You have to look after your own investments. Companies make money at your expense. Mutual funds would be one of the worst investments. Start with googling: the daily reckoning. From there on you can join one of their investment services. They tell you when to buy, when to sell. But ultimately it is YOUR money and YOUR responsibility. If you don't have a plan and stick to it when it is a winner you have no hope.

Answer 5

Check out;
T. Rowe Price
Vanguard
Fidelity

Be very careful with any suggestions you receive on Yahoo Answers. With a question like yours.. you could draw the attention of people that don't have your best interest at heart.... or just as bad. They think they know investing... but give you the same bad suggestions they're following.

As a last option;
I'd prefer to see you understand investing & go with some good no load fuinds in a well thought out "asset allocation".

If that's not your "thing" check out Edward Jones. They'll cost you more than the above suggestions..... but they are reliable.

Answer 6

All the other answers are good, but here's the real picture.

Contact a Financial Advisor at Smith Barney.

Ask them to open a "fee-based" account. This way you are never charged a sales fee for buying or selling. You'll know it is fee-based if he says, "TRAK" or "SB Advisor". Those are fee-based account names.

You can buy and sell as much as you want and never receive a fee based on the selling and buying. You pay for the advice and that amount will be negotiated between you and your Advisor. Usually this amount is very minimal, as low as 1.5%. I am a Financial Advisor so feel free to contact me if you need help finding anything.

Answer 7

I am a Portfolio Manager with over a decade of experience in the Stock Markets and that is exactly what I do and I will help you for FREE if you have less than $500,000.00 USD.

Answer 8

Connect with stock exchange traders/security houses within your vicinity. They will trade share for/& on your behalf. Commission will be imposed for all tradings.