jerrys1960
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It depends on how much of the money you are willing to risk loosing as to what type of investment you should make.
In today’s market stocks are risky however a lot of very solid companies do have low prices right now. While short term they will probably loose value in the long run they should have very nice returns.
As far as brokerage firms, I would suggest Etrade (etrade.com) it has a fairly low commission and you can do ira’s, mutual funds, or regular stocks.
Though there is no investment advisor with their services (which some people do not like). The choices of investments are totally yours. Not some advisor that may have an alternative reason for suggesting a “sure fire” winner that ultimately looses everything.
Start small learn the ropes as the saying goes. And if you invest consistently and wisely you should do very well.
Good luck with you investments. |
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melissa
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ask around to your friends, for a local investor |
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Question Guy
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Here's a stock guide someone forwarded me:
http://www.bofads.com/stories/stocks.htm
I think it is more funny than useful, but you can be the judge of that. |
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Supra1Q
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I would do 2 things. Contact Fidelity or Schwabb and tell them you have 1/2 of the money you have to invest. Follow their advice. Then take the other 1/2 and open an account in tradeking.com, can be roth ira account where earnings will grow tax free, or regular account, and put it in fund like CGMFX +79% in 2007, great 10 yr track record, great management, even made money when mkts were imploding in early 2000's...then see which performs better over time and add to those positions. |
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Queenie
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I am literally in the same boat as you. If it is money you will eventually want before retirement age a money market is a great place. It has liquidity and can yield higher returns than like CD's at the bank...if you are thinking long term you may want to go the mutual fund route. I am in the midst of researching all of this now. The Internet is a great tool and should be used before making any quick decisions. Also, talk to a tax adviser they are a great help. |
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Spock (rhp)
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learn first, bet later.
public library will let you borrow books on investing for free.
read a couple from well known authors [the ones with multiple different volumes]
then look for more specialized ones [since you now have the language down].
***
btw, Vanguard usually has the lowest mutual fund fees in the industry. |
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evermore
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You can open an free Marketiva forex goldfundindexs online trading account , with $5 reward and $20000 virtrual fund for practice .Just click the following link to open an account.
http://www-forex.spaces.live.com |
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onandonandonanon
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Open a Roth IRA |
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bud68
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Educate yourself! Read "Investing For Dummies", a great starter book. |
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EddyMac
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talk to your personal banker....one you can trust...only start out small... they do charge a monthly fee. |
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bootsers
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you can check with them. i would buy a few us EE series savings bonds . you can get the forms from your bank. here is the address to mail them to. Federal Reserve Bank Of Cleveland Pittsburgh Branch P.O.BOX 299 Pittsburgh,PA.15230-0299. they are reasonably priced and after a year you can cash them in for a little money. you will get the most money when they are 30 years old. they will also gain intrest. you can ask your mom and dad or the bank about this. i hope this helps. |
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redplumbbabythumb
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There's a company called InvesTools. They're reputable and backed by a large financial company. You can enter your amount and requirements, goals, etc and it gives suggestions on what you can do and the ups and down of each option. It's like having a financial planner who won't try to suck a commission out of you. |
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Teetana
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The big question is your time horizon....how long do you want to invest this money for? In other words, when do you want to spend it?
Secondly, your risk tolerance is a factor--are you willing to invest it in an aggressive, moderate, or conservative portfolio?
The bottom line is that you do need the help of a financial advisor to assist you in figuring this out. I agree with you that savings accounts aren't going to make you any major interest.
Good luck!! |
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Formerly known as Frank Castle
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Open a brokerage account at Zecco (If you have less than $25,000.00 USD) or at Fidelity (If you have more than $25,000.00 USD) and I will help you for FREE.
I am a Portfolio Manager with over a decade of experience in the Stock Markets. |
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newdad
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Charles here, how can I help you? |
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sh1zzared
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Play the stock market... invest in corn. It's supposed to be good because of the increased production of Ethanol. |
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sleepyyy
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u should invest in stock exchange in India or china |
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acct#7
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most investment services are not all the helpful. They make it sound like they are but because there are not very many options to invest money there isn't a lot they can do. You could start educating yourself and a good place to start is by talking with them. Just sit down with a investor and have him explain and then go home and start researching more about investing. Be your own expert which is what I have started doing, good luck. |
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Ties that bind
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i have an idea for an investment all i need is the money....want to trade ? |
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