2007-09-26 21:45:02 · 6 answers · asked by nonebutu_y 1 in Business & Finance ➔ Investing
I see people recommending mutual funds.. and that is a great way to start.
Also be aware of the financial times and trends.
I find this a very scary time to invest. Stocks tend to hit a low in October, and the economy is on some unusually shaky grounds because of the housing bubble and falling dollar value. The October low is because most mutual fund's fiscal years end at the end of October. However, nothing is written in stone.
Though I have played it over-cautious for the past year, I've kept very little of my money in mutual funds. Why? A fellow who worked in the financial business for 20 years told me of the ensuing market turmoil and how he has his money out.
I'm waiting for October where I'm thinking a market drop might make me want to buy in some again on the mutual funds.
In the mean time, I'm mostly riding out some laggard stocks and doing short term bounce trading.
2007-09-27 01:20:12 · answer #1 · answered by itsjunglepat 6 · 0⤊ 0⤋
As a beginner I would visit the vanguard.com website and start with a quality index fund or mutual fund. After you grasp those concepts then start reading and learning about individual stocks. You may find that individual stocks are not your cup tea because they do require a lot of time and knowledge.
Do not even try investing in "individual" stocks until you really understand how the markets work.
2007-09-26 22:09:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Since you are new to enter the jungle of stock market, for comparative safety of your money, you should preferably invest through Mutual Funds, where experts will take care of your interests. Also remember that the amount you are investing in stock market should not exceed the amount you can afford to loose.
2007-09-26 21:58:24 · answer #3 · answered by yogeshwargarg 7 · 0⤊ 0⤋
Not too much, if you are prepared to be cautious until you understand the risks.
Do not trust tips, and diversify, splitting money across different sectors.
Keep your expectations reasonable, the average investor performs in line with the market. Do not aim too high or you WILL take too many risks.
2007-09-26 22:11:04 · answer #4 · answered by fgpietersz 1 · 0⤊ 0⤋
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Perhaps it’s true when it comes to traditional stocks trading but definitely not true in the case of binaries. You don’t have to be an expert to predict the movement of certain assets.
2016-05-01 19:04:10 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Not much to invest ,
Of course , they then loose it all in about a month .
Did you care about loosing it ?
If you want to increase your holdings ,
Study yahoo finance for about a year and create some hypothetical portfolios (free) .
Then , put $5K to $10K in a brokerage and buy a couple of stocks for real .
http://finance.yahoo.com/
>
2007-09-26 21:53:34 · answer #6 · answered by kate 7 · 0⤊ 0⤋
i would read the following books first
1) the intelligent investor
2) security analysis
they helped me out a bunch.
2007-09-27 01:21:17 · answer #7 · answered by bizzbagg 4 · 0⤊ 0⤋