oh yeah and they also told her to put it in a mutual funds account??
how to invest in stock market?
oh yeah and they also told her to put it in a mutual funds account??
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Iffy
I posted that tongue in cheek. What you do is open a No Load mutual fund account with a company such as Fidelity or Charles Schwab. You deposit the 400 and the fund buys stocks in 20 to 30 companies. A professional picks the stocks. The value of your fund will go up and sometimes down but for long term investing it is the best way for a beginner. You can add 50 a month to the account and down the road when you need a down payment for a house or to pay for a wedding you have what you need. Buy the book Investing for Dummies and start researching what stocks are more suited to beginners. If you really want to own stock then open an account with Scot trade online and tell them what to buy. Buying stocks is risky and if you cannot afford to lose 200 overnight then better a Mutual fund for you.
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Johnny Wadd
you can open an online brokerage account and learn how to do it yourself or you can find a financial advisor to help you meet your goals. a mutual fund is a group of investments managed by a professional money manager that you can buy units in. its a good way for people to gain diversification if they do not have enough money to buy a sufficient number of shares in a basket of stocks.
disclaimer, this post was for informational purposes only, no specific advice was given or implied.
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neither_8
Well, ideally, you want to be somewhat diversified (i.e., have your money in lots of different industries and even some outside of stocks). That can be done easily with mutual funds, such as through Vanguard, Fidelity or T. Rowe Price, for example.
There are also many brokers you can buy individual stocks from for not too much money. The cheaper ones I can think of are Zecco, Trade King, and Scottrade. Of course, these guys are called discount brokers, and won’t help give you any advice as to where you should put your money. That’s not necessarily a bad thing, just keep it in mind.
There are lots of good books out there about investing. Two good ones for newbies are "Stocks for Dummies" and "Mutual Funds for Dummies".
By the way, many mutual funds have a minimum amount of money that you must invest. From my experiences, $400 is not going to be enough.
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Ryan Payne
If you invest in stock be prepaired to loose everything!
Recently i have started investing in silver. Please look on youtube into silver investing.
Then if your intrested i urge you to join this amazing program.
Please read the information on the page provided. If you have any more questions please fill in your information and i will get back to you.
http://www.silversnowball.com/2901/
Thanks -
Paul
how does it feel to use $100 and turn to $400,000-$500,000 in 5-10 years. I think GREENSHIFT CORPORATI(GERS.OB) penny stock, it good to start with because the it at the lowest that can not longer going down. the volume trading it always high and if you look at the chart it show that when the market it back to normal few year ago the stock is about $.40-$1 and the stock it about green energy it most likely will buy by other big company so the stock it easy it earn 1000 time the amount you put in. in the long term5-10 years if you lose you only lose $100 and if you win you win $400,0000-$1000,0000 I think it reasonable to buy .in short term(6m-1y) you probability of earn 2-10 time that amount you put in. of course the more money you put the high your profit.
Iffy 5:02 pm on August 27, 2010
I posted that tongue in cheek. What you do is open a No Load mutual fund account with a company such as Fidelity or Charles Schwab. You deposit the 400 and the fund buys stocks in 20 to 30 companies. A professional picks the stocks. The value of your fund will go up and sometimes down but for long term investing it is the best way for a beginner. You can add 50 a month to the account and down the road when you need a down payment for a house or to pay for a wedding you have what you need. Buy the book Investing for Dummies and start researching what stocks are more suited to beginners. If you really want to own stock then open an account with Scot trade online and tell them what to buy. Buying stocks is risky and if you cannot afford to lose 200 overnight then better a Mutual fund for you.
Johnny Wadd 5:02 pm on August 27, 2010
you can open an online brokerage account and learn how to do it yourself or you can find a financial advisor to help you meet your goals. a mutual fund is a group of investments managed by a professional money manager that you can buy units in. its a good way for people to gain diversification if they do not have enough money to buy a sufficient number of shares in a basket of stocks.
disclaimer, this post was for informational purposes only, no specific advice was given or implied.
neither_8 5:02 pm on August 27, 2010
Well, ideally, you want to be somewhat diversified (i.e., have your money in lots of different industries and even some outside of stocks). That can be done easily with mutual funds, such as through Vanguard, Fidelity or T. Rowe Price, for example.
There are also many brokers you can buy individual stocks from for not too much money. The cheaper ones I can think of are Zecco, Trade King, and Scottrade. Of course, these guys are called discount brokers, and won’t help give you any advice as to where you should put your money. That’s not necessarily a bad thing, just keep it in mind.
There are lots of good books out there about investing. Two good ones for newbies are "Stocks for Dummies" and "Mutual Funds for Dummies".
By the way, many mutual funds have a minimum amount of money that you must invest. From my experiences, $400 is not going to be enough.
Ryan Payne 5:02 pm on August 27, 2010
If you invest in stock be prepaired to loose everything!
Recently i have started investing in silver. Please look on youtube into silver investing.
Then if your intrested i urge you to join this amazing program.
Please read the information on the page provided. If you have any more questions please fill in your information and i will get back to you.
http://www.silversnowball.com/2901/
Thanks
Paul 5:02 pm on August 27, 2010
how does it feel to use $100 and turn to $400,000-$500,000 in 5-10 years. I think GREENSHIFT CORPORATI(GERS.OB) penny stock, it good to start with because the it at the lowest that can not longer going down. the volume trading it always high and if you look at the chart it show that when the market it back to normal few year ago the stock is about $.40-$1 and the stock it about green energy it most likely will buy by other big company so the stock it easy it earn 1000 time the amount you put in. in the long term5-10 years if you lose you only lose $100 and if you win you win $400,0000-$1000,0000 I think it reasonable to buy .in short term(6m-1y) you probability of earn 2-10 time that amount you put in. of course the more money you put the high your profit.