I Want To Start Investing In Stocks Online Any Advice How To Start Doing That Without Loosing All My Money??
First, I would make sure you have at least 3 months salary saved up in the bank or in a money market fund for an emergency fund. (Some people say 6 months.) Financial disasters like getting layed off or sick happen to all of us.
Second, I would pay off all high interest debt. Pay off everything you can except the house mortgage and student loans. Paying off debt is one of the best investments you can make. You will have more money in the future because you won’t have credit card bills to pay.
Third, if you have money left, start investing in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be.
Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work. Buying a house instead of renting will make you a lot of money in the long run.
Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
I suggest you to hire a Financial Advisor from the Top 10 Answerers in Business & Finance.
A deep discount broker that requires NO minimum deposit.
Welcome to stock investing!. First identify a good online broker like mdtrading.com,foliofn.com where the cost of buying and selling is very less. It is also good for a beginner. First invest a small amount to get a feeling of stock market. Never invest more than you can afford to loose in worst scenario. TIMING AND INFORMATION are the key! Do your own research on stocks. Never carried by Analyst,reports…etc. Read more. Identify good stocks and their right TIMING to buy and sell!(it is not that easy to state in a line). Do some actual trading and try to make some money. You’ll learn a lot. Understand the words LIMIT ORDER,STOP LIMIT, MARKET,STOP LOSS …etc . All the best!!!
what you want to do is start off in a low risk fashion. invest slowly and with little money. once you get the hang of it then you can move into a bigger and more riskier purchases.
It sounds as though you are new at this. If so, my advice would be to invest in mutual funds first as they are managed by someone who does the research for you and when you invest in a mutual fund, you are automatically diversified since a fund invests in many different companies. Investing in individual stocks can be risky if you don’t know what you are doing. Pick funds that have a good track record……not just for a year or two but for 5 or ten years. Best way to invest in the market is to pick a good large cap. fund, a good small cap. fund and maybe a good balanced fund and start a regiment of investing periodically whether it’s monthly or quarterly and choose a mix you are comfortable with. Just remember, the higher the return, the higher the risk and vice versa. Hope this helps. Greg.
[...] Original post by eHowToGuru [...]
[...] Original post by eHowToGuru [...]
[...] Original post by eHowToGuru [...]
[...] Original post by eHowToGuru [...]
[...] Original post by eHowToGuru [...]
[...] stocks are too risky. For most folks this means buying mutual funds. See the original post here: eHowToGuru » I Want To Start Investing In Stocks Online Any Advice … This entry is filed under Investing. You can follow any responses to this entry through the RSS [...]
Definitely see the new movie: STOCK SHOCK. It will educate you and help keep you money safe. Great flick–entertaining. Amazon has it.
best ways to earn online,your online money making guide here , earn from youtube, blog, writing, adsense http://greatmakemoney.blogspot.com/
your article is great,here I have good resources I got it while I was searching online money on net.Here is a site
http://greatmakemoney.blogspost.com/