scottFL007
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I'm impressed that you're starting so young and thinking so clearly. However, there are a couple of things that I would add, and a couple of new suggestions I have for you.
First, China has great possibilities, that's true. But I'm still skeptical of the government. Regardless of any other attitudes, they remain communist, and communist governments are notorious for reclaiming ownership over private assets. If that ever happens, you stand to lose everything you've invested there. I think the likelihood of that happening is relatively small, but still high enough that I'm avoiding investing too much there. I feel more secure investing in India, despite the corruption problems they still struggle with. Overall, though, I think the developing world holds great promise, and I would definitely not focus on just one or two. Consider Latin America, Eastern Europe, and the Pacific region, too. But stick with nations that have a likelihood of respecting property rights.
Your preference for higher than 5% is intelligent. However, it is standard that with higher returns comes higher risk. So you won't be able to achieve higher returns without some kind of change in your risk profile. But I agree, you shouldn't take stupid risks.
It's also difficult to invest an amount as small as $5000 without taking a fair amount of risk. You can remain conservative by investing in funds, but if you break out and start to select individual stocks, you will lose your ability to be fully diversified, which is one of the most important tools of the intelligent investor. As your assets grow, you'll be able to achieve diversification without using funds, but until then, you're limited.
I publish an investment newsletter that has a good track record and also manage money for individual investors. Thus, it's easy for me to throw out some stock symbols of things that I think will be good over the next period.
But the bigger picture is more important. You've got a long life ahead of you, and if you're starting this young and can maintain your good habits, you can easily be wealthy later in life, if you invest intelligently.
I think the best thing for you to do at this stage is learn well. This may involve reading useful books on the subject of investing. I'll recommend a few. But it also might involve your broader education, and also your active use of what you know. One thing that means is learning by experience what works and what doesn't. So perhaps you need to take a few intelligent risks, but avoid those things that could lose it all.
Best of luck to you. Feel free to ask if there's anything else I can do to help.
Some interesting stocks: IACI, AMX, CIB, TMX, ASFI, PCLN, HD, TPX, NZT
Some worthwhile books: "Stocks for the Long Run" by Jeremy Siegel, "One up on Wall Street" by Peter Lynch, and "Intelligent Investor" by Benjamin Graham. |
nice guy
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Hello.
I would recommend you to first learn about stocks.
www.investopedia.com is one of the best websites to learn about stock market.
When you get some knowledge of all the stuff, then you can have clear idea of the market.
You should invest in different companies and also you should use different investing vehciles...like stocks, bonds, mutual funds,and options and commudity trading is for experienced investors.
Dont trust any brokers... First learn abt stock market then intially invest little amount to get knowledge of market conditions... Then once you get knowledge and intelligence you can decide in which company u should invest.
Knowledge is very very very important ... Learn As much as possible
Dear friend i dont have much time so i am ending my answer. |
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