I have a couple thousand bucks i’d like to start Investing. I had an ING direct orange savings account but 1% just isn’t cutting it. I am interested in long term savings, but not an IRA which I can only withdraw at age 59. I am looking for something to invest in for 10 or 20 years with good rate of return (duh). What do you guys recommend?
Do Not Put on ONE Single Trade without education. CBOE has free education and is the best in the industry. It might take you a months to a couple of years to learn how to trade. Want to learn faster, get washed out of the market once. Once is all it takes.
Good Luck,
Do Not Put on ONE Single Trade without education. CBOE has free education and is the best in the industry. It might take you a months to a couple of years to learn how to trade. Want to learn faster, get washed out of the market once. Once is all it takes.
Good Luck,
References :
http://www.cboe.com
Have you read "Investing For Dummies"? It’s a great intro book to the world on investing.
References :
For a couple of thousand, you can invest into stocks, bonds, mutual funds, exchange-traded funds, and REIT’s (real estate investment trusts). For investing outside of retirement accounts, you can should finding a broker:
Full Service vs. Discount (Online)
Full Service brokers "try" to find the best investments and put your money to work for you instead of doing your own research or if you don’t know where to start. There are many downsides to it but the most common are that is costly and by "try" I mean that the stock market isn’t a sure fire way to make money as we’ve in this recession. You can find one in any investment bank or service, make sure they are legit and their track record is positive.
Discount brokers (preferably online) offer buying and selling options and lower fees. Disadvantages are you have to do your research and be able to afford to lose money.
Some bonds offer a higher rate of return than a savings account, but to get a better return you can invest in stocks or real estate investment trusts. REIT’s offer monthly cash dividends at a range of 6-14% annually, along with reinvesting those dividends they can grow bigger and be able to to live off the income in several years. Pimco High Income Fund (PHK) and Realty Income Corp. (O) offer decent returns. Downsides: taxes.
You can try investing in speculative financial stocks, they are at their lowest these days. Couple of recommendations: Bank of America (BAC) and Citigroup (C).
References :
https://us.etrade.com/e/t/home
http://www.sharebuilder.com/
For more info:
http://www.investopedia.com/?viewed=1
Visit my blog:
http://thefinanciallyunfit.blogspot.com/
Get educated: Read about stocks and the market, take a seminar or class on investing and review online financial sites. I suggest taking a class at a local community center, you can take it online and i’m sure they will have to accommodate your bubble. Then Develop some financial goals, and remember to diversify, even though it’s only a couple thousand you don’t want to put all your eggs in one basket, as "they" say.
Invest in what you know. Consider the stocks of local companies with which you are familiar and in which you have confidence. Like the company that makes your bubble or the company that makes your mommy’s happy pills.
References :
Get educated. Definitely. I would recommend the following as safe and low risk investments that would tend to yield a decent amount of interest.
The following are for LONG term investments.
-Convervative stocks (trade stocks that tend to be the well known company’s. They are usually listed on Fortune 500, S&P 500, etc). These stocks are low risk investments because they are well established. They may include General Electric or Exxon Mobil. They also pay dividends so you will always receive a small % so you will have something to spend, on top of that, your stock is growing in value.
-ETF’s are also known as exchanged traded funds that are mutual funds that are traded on a stock exchange. They are well diversified and generally safe investments.
-No load mutual funds are pools of investments that you can invest in. They are generally safe investments because they are so diversified. Look into scottrade as they have a great mutual fund system there. Make sure you invest in no load mutual funds… That way, you would not be paying someone to manage the funds… There’s no need for that.
Any of these would be generally safe for a 10-20 year period. In my point of view, since you are investing for so long, I highly encourge you to invest in stocks that are listed with the S&P 500, and those that will offer you dividends. They usually come in 1-15 cents a share, so if you are holding onto 500 shares of GE (they pay about 10 cents), you would receive a $50 dividend every four months. Now isn’t that nice?
If you’re interested in Scottrade, sign up using this promotional code that’ll getcha 3 free trades! zomg! here it is "BJCF2139"
If you are signing up online, enter "BJCF2139" when asked for Referrer/Promotional Code, or if you are walking into a branch, the application will ask for it. Under that, put "BJCF2139".
Good luck!
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my brain! zomg.
Buy some silver or gold to hedge against the weak dollar,inflation,and the market going down soon.
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You can get wise advice at http://www.BuffettCapitalists.com
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You must firstly prepare yourself for investing. Start by investing in yourself with an education in investing. Read books that teaches you the basics of the stock market. A good place to start is your public library.
Next, progress to reading on investing or trading and depending on your interest whether to use fundamentals or technical analysis respectively.
To shortcut your learning process, attend courses and seminars. Yes you will need to pay for these but they are effective once you are able to find the right person to teach you. It will help you to reduce your mistakes and hopefully avoid large losses too.
I recommend that you attend previews on investment courses and seminars. These are usually free. Then decide which is best for you.
I stressed on getting an investment education because it will help you now and in the long term. Knowing what to invest, when to invest, when to sell, and why you invest should be the cornerstone of an investment education. Let me end with this proverb: Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime. Good luck.
References :
Quick updates on investing and investment can be found at http://investmentbelief.blogspot.com/
For more information on stocks investment visit http://www.investment.inforichweb.com/