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You can do well investing in stocks - I average 10-15% a year from 'dabbling'.
I started with a fake portfolio on the FT's website (http://www.ft.com) but etrade and others also offer one. Basically, you create a portfolio and tracks stocks as if you had bought them. It's a good way to get a feel for trading and the various sites that enable you to trade.
You could also invest in an equity fund of some sort - I use Legal & General but ever major financial group has one. Try reading Motley Fool for more info (http://www.motleyfool.com). For beginners, the fund means you pay fewer charges, don't have to manage individual transactions and you do get used to tracking performance and reviewing the available data; it's a safer option than risking your money on individual trades and higher return (probably) than a high-interest account.
Matto
http://www.barefootinvestments.com |
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sandy13180
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Yes, but you need have patience & dicipline.
Look at Waren buffet he is world's second richest man with this business. |
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natla
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everything start with knowledge, go to a bookstore and get yourself some investing books. |
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ulchka
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Read and learn. Nothing is instant, don't expect instant results.
www.investopedia.com has a great learning centre.
www.fool.com has some commentaries on various companies you've heard of. |
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Frank Castle
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1) Yes.
2) TD Ameritrade. (If you have at least $2,000.00 USD) or Scottrade (If you have at least $500.00 USD) or SogoInvest (If you have less than $500.00 USD) |
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thecheapest902
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Investing in stock market is not a bad way to make money. But it's not easy at all. You can make losses instead of profits if you do not study about investing seriously.
First of all, go to a bookstore and buy some books on investing. And read them from beginning to end. Open an account in a brokerage. |
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personal_finance_101
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Investing in individual stocks is usually not a good idea if you're just getting started. You should get started by opening a Roth IRA at Vanguard and putting your money into a good no-load mutual fund (they can help you choose one based on your age, risk, etc.).
Good luck!
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link |
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MR MONEY
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Stocks are a great way to save money and build wealth. I would not recommend using the market as your primary source of income (if you are under the age of 50). If it was your primary source, this would cause you to be impatient and very nervous with market fluctuations. The best investors buy and hold their investments. Buy low and sell high. But if you watch the market to closely with your primary income, emotions get involved and people tend to buy high and sell low. |
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