I just started on my first job in U.S. The pay is low but so are my expenses since I’m still young (recent graduate) and partially supported by my dad (hopefully, this will change soon). I’m SO naive when it comes to investing. But what I know about myself is:
1) I’m willing to take risks (on 50% of my )
2) I intend to invest 50% of my monthly earnings

Given these information, could you give me tips on where to start, is it worthy to put %50 of my investment budget on high risks short term investment. What is the best online broker for beginners, and do you think that it is good idea to learn by trial, because whenever I grab a book to read about investing, I get lost and bored quickly!
Sorry for the long question, but what I mean is, could you give me your experience on how you started, where you started, what are the killer mistakes to avoid.

Thanks

 

  • rajas203 11:01 pm on October 7, 2009

    Register yourself with some stock trading game and play with fake money. Once you understand you can start to invest.. start by little until you feel comfortable. Then youy decide the amount you can risk, might be 20-30% of your savings in high risk and about 50% in low risk, and remaining in secured savings/CD to be safe all the time. Good luck! Btw please feel free to reach me if I could help you in anyway.

    Tdameritrade is good one and I like.

  • bow8810 11:01 pm on October 7, 2009

    yes for one you have to be interest in the stocks you invest in and i like to be long on my stocks ive made more money that way but i do make money short selling when i have time and Always spread your money out long term try ticker c or dre

  • JohnGalt 11:01 pm on October 7, 2009

    Since learning bores you, find a good mutual fund company and give them your investment money. If you really want to take on more risk than that, take some money and have yourself a nice little trip to Las Vegas.

  • I Buy And Sell Houses 11:01 pm on October 7, 2009

    One piece of advice. Forget this "online" nonsense.

    Online is a tool. That’s all. Ask yourself where best to invest. Maybe it’s stocks. Maybe it’s bonds. Maybe it’s real estate. (That’d be my recommendation.) Maybe it’s precious metals.

    You can invest in any of these either online or via a bricks-and-mortar company.

    As for books boring you…sorry about that. But which would you rather do: Invest online and lose most of your investment, or be bored for a bit reading some books, then investing and making money? No, initially it’s not best to learn by trial. First, learn what you can from books. Then, yes, start investing for real. Again, remember: Online is just a tool. Nothing magic about it.

    Killer mistakes? Assuming you know more than you actually do.

    Hope that helps.

  • marcus 11:01 pm on October 7, 2009

    Your gonna have to get some type of education. My recommendation would be real estate preferably a multi ,you stay on one floor and rent out the other it’s a great long term investment . but then your a landlord so we’re right back to where we started ,education. Everybody doesn’t enjoy reading try dvds and audio books. Remember these are just ideas you still have to do your homework. hth