What kind of should i take on? I don’t have alot of money but i would like to start somewhere. Would it be okay to go to a stock broker company and let them handle it? What should i do. Please give me some alternatives. Thanks.

 

  • BigBen 6:04 pm on December 18, 2009

    don’t let your stock broker decide your future!

    stock investing is not as difficult as you might think. if you are new to stock investment, use buy-and-hold strategy first. stock trading might excite you much, but most novice traders lose money trying.

    pick a very good stock, calculate their intrinsic value, invest within its margin of safety and there you go! You can find them all here:

    Step-by-Step Guide to Stock Investment
    http://www.stock-investment-made-easy.com/

  • docusrex 6:04 pm on December 18, 2009

    I am a mortgage broker, and ALL of my Top Investors are with Edward Jones Investments. They have retail stores every where out here on the West Coast, and I highly recommend them. I don’t know what/how those guys do it, but they make my clients lotsa money. :)

  • Paris P 6:04 pm on December 18, 2009

    Since you are so inexperienced and don’t have a lot of money, I would not go to a stock broker company right away- they’ll end up charging you fees and you’ll have little idea what they’re doing.

    One alternative is to visit your bank- most major banks (I work at Fifth Third bank) have Investment Advisors that can provide you free advice and info on things like IRAs and CDs. Go into your bank and see if they do have investment people- if not, you should try to look into other banks in your area that do have investment advisors and move your accounts over.

    The other alternative would be to go to Scottrade or Ameriprise, these are two very popular financial advising companies with actual branch offices around the United States so you can go in and get an assessment and info, but there may be fees.

  • Lo_dogg 6:04 pm on December 18, 2009

    if u have a friend who has the same interest that u have then u two should be business partners and both should apply home loan for a residential rental property(take advantage of those foreclosures). Rent it out for a couple of years and sell it or cash out on the equity and purchase another….real estate is the way to go with good returns and low or no risk at all……just take time to do your research….

  • solsticemagic 6:04 pm on December 18, 2009

    My recommendation is a Roth IRA. Fidelity offers a very good vehicle for this. I have a Fidelity IRA and I am able to purchase mutual funds for my IRA through them. Since you are using taxed money with a Roth, you will not be taxed on the money once you retire and start drawing it out. This is the advantage of a Roth over the traditional IRA. Fidelity also offers thousands of mutual funds from other companies besides their own. My belief is that a Roth IRA through Fidelity is a great place to start. I am speaking from personal experience. My only regret is that I should have started when I was younger. Whether you go with Fidelity or not, you really can’t go wrong with including a Roth IRA in your investing strategy.

    You can also purchase stocks (and ETFs) but those need monitored much closer and it is important that you perform your due diligence.

  • Chad 6:04 pm on December 18, 2009

    Investing in "individual" stocks takes a lot of knowledge and practice; so I would not suggest doing this until you understand completely how the stock markets work.

    Vanguard.com is ideal for long term investors who want to learn about mutual funds, index funds, and exchange-traded-funds (ETFs). Trading funds is less risky than trying to trade "individual" stocks.

    Unless you plan on spending everyday of your life looking at stock charts trying to determine the best time to get in and out of "individual" stocks, I would look into some sort of fund.

    Also be very careful about asking for stock tips online. Most are probably worthless or contain unethical motives. Do not fall for any Pump-and-Dump scams.

    As far as books go, I actually started out with the Investing for Dummies books, and they definitely pushed me in the right direction. To many other books have their own agendas in my opinion.

    The websites below all contain plenty of FREE information to get you started in the right direction.

  • Barry R 6:04 pm on December 18, 2009

    I have an online account at Scottrade.com and invest the money myself. I only pay $7 per stock trade. If you want to learn about investing, a good, safe way to go is to start a "practice" portfolio at http://www.top10traders.com – it’s free- each month the site ranks the best performing investors.

  • our heavenly travel 6:04 pm on December 18, 2009

    think about what you want out of it.

    some investments our for selfless reasons and some for gain.

    what kind of return are you looking for and do you just want to give out of the kindness of your heart.

    People in need or people who need help.

    Are you just looking for something to do. Do you want to be involved in the investment. I thought your question was open.

    so i wasn’t sure what part you wanted to play in it.

  • slavaret2 6:04 pm on December 18, 2009

    Learn how to trade stocks. It’s a skill that will last yuo a lifetime.

  • Frank Castle 6:04 pm on December 18, 2009

    How much money do you want to invest and how much risk do you want to take?

    I will help you for FREE.
    I am a Portfolio Manager.

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