How would I make money with money?

This is great, everyone needs to do this. But be careful, because everyone sounds like an expert to the uninitiated...

My advise is to follow these steps to become knowledgable. That way, you will know when an idea is good or not.

Step 1.
First decide what kind of brokerage you want to work with. You can open a brokerage account in your bank, with a large full service brokerage or an internet brokerage. I find when I get help, most people want to sell me things that are better for themвЂ¦. So I use www.scottrade.com because itвЂ™s cheap and easy with low frills. I do my own research and make my own investments. But any low cost internet brokerage service is fine.

Step 2. get a subscription to Barrons or Investors Business DailyвЂ¦ Do this for 6 months or a year. At first, It seems a bit mysterious, but pretty soon you start to understand the terms and what investors are looking for and what they are afraid of

Step 3. If you have some money to invest, put it in 3 month CDвЂ™s right now. First the market is unstable and second you have some homework in Step 3 to do before you do any investing.

Step 3. Go out to the internet and search on the following subjects. Get familiar with the concepts.
Asset allocation
Long term investing
inflation
Roth ira vs ira
Large med small cap
Value vs growth
Indexed mutual funds
ETF
Sector funds
Bonds CD
International funds
Market cycles
Fundamental analysis
Technical analysis

Step 4 go to http://clearstation.etrade.com/ (itвЂ™s a part of e*trade which is also a low cost brokerage) and sign up for a free account. Play around there by looking at graphs and fundamentals.
I think itвЂ™s also a good idea to pretend you have $10,000 and start buying and selling on paper. Keep track of where you are each day for a monthвЂ¦ ItвЂ™s a lot easier to lose play money then real moneyвЂ¦.

Step 5. ItвЂ™s always a good Idea to see a CFP (certified financial planner). Their job is to work for your benefit, not to sell you investments. They can cover subjects like employee benefits, insurance, budgeting, living trusts, 401k, taxes and real estate as well as investment types and investment types to keep away from.

Always strive to do your own researchвЂ¦ youвЂ™ll find everyone sounds like an expert so take everything people tell you with a grain of salt. ItвЂ™s not easy in the beginning but soon you will be the expert.

DonвЂ™t get involved with futures, currency, options (unless you get stock options at work), commodities, annuities and other derivative type investments at this time.

Good Luck