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As a first time investor, who should I start investing with?

August 17th, 2010 | | Tags: | 3 Comments | |

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I have 00 that I would like to invest. However, I have never done this before. This will be my first time investing. I would like an advice on who I can with. I spoke to an Edward Jones advisor already, however I was researching Fidelity and it looks very attractive also. Please advice :)

Thank you, your help is very much appreciated!

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3 Responses to “As a first time investor, who should I start investing with?”

  1. Caveat Emptor Says:
     August 17th, 2010 at 5:03 pm

    Do not open a brokerage account and do not try direct investing in stocks. You have neither the knowledge nor money for that. Start with a good mutual fund such as the Vanguard Star Fund.

  2. Common Sense Says:
     August 17th, 2010 at 5:03 pm

    Looking at Edward Jones & Fidelity is like oranges & apples………

    Edward Jones is a full service broker. They are, in my opinion, the best broker for people that can’t make investment choices and decisions. There is a cost for that service. Their charges are equal to most other full service brokers. but….. that can consume a lot of your hard earned money.. over time.

    Fidelity & Schwab are great choices for a new investor. However…. that investor should take 6-12 months to learn the basics before opening an account. By picking your own investments…… you’ll save 10’s of thousands of dollars (over your lifetime) vs. a full service broker.

    Reading some good books will be your ticket out of investing ignorance.
    Start with;
    Investing for Dummies
    Mutual Funds For Dummies

    Should you decide to just do Mutual Funds to start…. you may also want to consider going directly to a no load Mutual Fund Company like;
    T. Rowe Price
    Vanguard

    Good luck!

  3. Alberto Fernandez Says:
     August 17th, 2010 at 5:03 pm

    If you are interested in learning the basics, here is a great newbie website: Good luck.

    http://makingmoneyinvesting.blogspot.com/

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