Is $500 enough to get me into the stock market? |
What type of shares could I get and is $500 enough to buy the minimum shares required? Additional Details I live in Australia. Does this change anything?... |
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Steps for a young adult planning on investing? |
| Hey guys, I'm 19 years old and am planning on investing $1,000 into the stock market. The hardest part about this is: Where do I begin? Are there any sites where I can open a portfolio free of ... |
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Maximum amount of money for certificates of deposits? |
| I have recently came into a lot of money and wanted to invest it well for the future. I know banks have a minimum of how much you need to invest in a certificate of deposit but do they have a maximum?... |
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Why don't stock markets allow trading 24/7? |
| In other words, why does the stock market close at certain times during the day/night? Why doesn't it just run 24/7? I have some theories but lets hear what Yahoo Answers can provide.... |
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401k Question? |
| I'm 27 years old. Several of my friends are just a few years older and have almost $100,000 in their 401k's by now... I have a little over a quarter of that in mine (around 25K)... I take 10... |
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Is 14 years of age too young to start investing? |
| Or should I wait a little longer? Also, what should I invest in. Now that I'm just starting, I only want to distribute $100. Please I need advice, i dont know if i should go with mutual funds or ... |
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I want to do a business? with minimum investment? may be one lak rupees what to do? |
| I am a fresher i plan to run a new business, i plan to invest Rs one lakhs rupees? what kind of business i can do ? any one help me or guide me?... |
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Can someone tell me how to invest in shares and mutal funds? |
| I am retired lady with 48 thousand rupees I have a college going daughter I need to invest this money for her studies and marriage can someone tell me how to invest and shares and mutual funds so ... |
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Who to talk to about investing? |
| who would i talk to to see what investment is right for me? i wanna invest in stock,bonds,ira,whatever i dont know much about any of them. so would i talk to somekind of finacial advisor, or a banker ... |
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Where can I buy mutual funds from? Any suggestions? I am not sure how to start? |
| I am a college student and I would love to invest in mutual funds. What sites you people usually used? For example for stocks they would get firms such as Etrade,Scottrade,Firsttrade,Zecco, etc. Is ... |
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Johnny G | Im looking for help with investing my money? |
I have a few questions about investing my money and would like someone with experience to maybe give me some advice and share your opinions on where to start. i was looking into etrade or something along those lines but dont feel i have enough info. i will continue to research till i feel more comfortable but would like to hear from some experts on the subject. |
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Johninvest
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What I did is trading forex through a couple of online brokers like www.fxpro.com or www.eglobal-forex.com and using only Expert Adviser, an automatic trading tool that will do the trading for you which will minimized the risk when trading manually. For the EA I used from www.viking234.com and they give me a magnificent monthly gain ranging from 8-30%!
I don't know about you but it works for me....
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dlmrgnk
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Until you have a feel for it, stick with low-cost, investor-friendly mutual fund companies. Vanguard and T. Rowe Price are two that do not charge a fee up front and have low management fee structures and, so far, keep the interests of their investors first. There is a difference between trading and investing and you need to always keep that in mind. To the extent you can, "hide" your investments using IRA's so that you don't pay tax on the proceeds and be regular. |
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brettstouffer
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If you have never invested before mutual funds are a great place to start. |
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Joe
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Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. If you are like most people you will invest part of your money aggressively in stocks, and part conservatively in money market funds and bond funds. However, some young people will go all stocks, and some very conservative people will go all money markets. The links below have on-line questionnaires which will give you an idea of how to do "Asset Allocation," determining how much to put in each type of investment.
You want to buy a diversified portfolio of stocks as individual stocks are too risky. Highly knowledgeable people can buy a properly balanced portfolio, but most folks have a difficult time balancing things on their own. They will misbalance their portfolio by buying all small stocks or all growth stocks, or some other misbalanced assortment of stocks. Back in 2000, Some people bought all internet stocks; they got burnt when they all crashed together. You have to diversify across industries. Unless you know what you are doing, it is best to buy mutual funds. Buy no-load, low cost funds. Mutual funds should have expense ratios of less than 0.5%.
If your company offers a 401K plan at work, try to invest the most you can. The money grows tax free, and some companies will match your contribution. Investing in a mutual fund IRA is also a good idea. If you have children, you may want to consider a 529 plan or other college savings plan that grows tax free.
I like index funds. Because of their broad diversification, you are less likely to have a dramatic drop in value. They also have the lowest expenses. For stock funds, I would suggest putting ~70-80% of your money in the Vanguard Total Stock Market Index Fund. and ~20-30% in a foreign stock index fund. However, there are many different opinions out there on what the best mutual funds are. Read the links below and form your own opinion.
Buying a house instead of renting will save you a lot of money in the long run. You don't have to pay rent and you build equity in your house instead. Buying rental property can also be a good investment. However, being a landlord can be hard work, and many people are not good at it. If you don't know how to handle deadbeat renters, you can have trouble.
If you have high-interest debt, like credit cards, it is best to pay this off first before trying most of the investment ideas above. You should also have 3-6 months of salary saved up as an emergency fund in a bank or money market fund before trying more risky investments.
Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
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pretzel2222
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Depends on how much you've got. If you have over $250k go to a wire house, or ask a friend who they use. Smaller amounts talk to your bank--they usually have an advisor there. It's free until you invest.
I think it is worth its weight in gold to get professional advice though--it's your future don't DIY. |
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Peilthetraveler
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I think yahoo answers is not the best place to find experts. But I would read a book called "The richest man in babylon" before you decide what to do with your money. Its a pretty short book and is only like 6 or 7 bucks, but i feel its essential reading for anyone that that wants to eventually be wealthy one day. |
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Alex K
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I am not an expert but kind of in the same boat as you. So far I identified the following ides (see below). I am leaning toward value investing with getting hints from insider trading. Anyways this is what I have found so far:
1) If you are interested in stocks
Learn about value investing:
Book: Buffett: The Making of an American Capitalist by Roger Lowenstein.
Website - Wikipedia: http://en.wikipedia.org/wiki/Value_investing
Learn about insider trading:
Book: Investment Intelligence from Insider Trading by H. Nejat Seyhun
Website: http://www.insidertoday.com/?faq=abc
2) If you are interested in property investing you could invest through a property investment group such as http://www.realtechcapital.com
3) You could also approach specialized investment companies such us Northern Resources (www.northernresources.ca) which specializes in oil and gas investing
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