I know practically nothing about the stock market but would like to learn about it. Can anyone recommend good sites? Is their a site where I can invest "play" money?...
I don't have much money, and I dont know where to start or even think how to open a business. My most important question is LOCATION but where do I even start searching. This idea just kind of ...
I'd start by reading some of my post history. I've tried to help people by giving my 20 years experience in the markets (etc) on several thousand questions. Add me to view post history.
I would also go seek a professional advisor with no less than 15 years experience in the markets. I'd avoid the bank and insurance financial advisors (The Series 6 people). They don't know enough about markets, don't get the right training or have enough real time market experience.
I'd also avoid anyone who want to sell you just mutual funds.
Take a look at:
The S&P 500 Index.
Dollar Cost Averaging.
Roth IRA.
Put the 3 above together.
Wait 10+ years.
I would not expect much out of the market in the form of an upside in 2009. We may end up about where we ended in 2008 plus or minus 5%. Expect some volatility to return at some point in 2009.
Wild cards can include but are not limited to:
- GM et al (restructuring).
- China economy slowing.
- Russia's economy, and currency devaluations.
- Oil prices rising too rapidly.
- US Debt and out of control spending.
- Potential for hyper inflation over the next 0-5 years.
- Housing market. (More rate resets coming in 2010+)
- Jobs/ unemployment rate climbing.
- Increase of federal income taxes.
- Increase in gas taxes.
- Effective net increase in capital gains tax, and especially a tax on dividends to 39.6%.
- Any increase in taxes that would create a situation that would decrease consumer spending, or decrease businesses from investing and hiring people.
- A pointless trillion dollar "stimulus plan," that does do anything more than create more public debt, and more government jobs.
Possibly the best plan would be to not have the US Gov spend $1 trillion more in another ineffective "stimulus plan" that only places government (tax payers) in greater debt; but instead, have no income taxes for the next 8 months. Watch spending and productivity boom. Is the gov going to do that? No. Why? Cause it's a bad plan? No, because we might discover that less taxes and less government spending is the key to creating individual wealth.
Robert M
bankrate.com
cme
Bankrate.com
gregory_dittman
sharebuilder.com
If you put in $1000 or more in your cash reserve it actually will be thrown into the money market. There actually is different companies involved in the money market. The one Sharebuilder uses is not part of Sharebuilders.
airbornerush9577
Bankrate.com is the best way to start, it shows you the best rates out there. I have accounts with emigrantdirect.com, etrade.com, and gmacbank.com and right now gmac has the best rate.
Paul E
Either goto a book store and buy books about investing money, or a class on investing money and get educated about investing.
or a Financial Planner / Mutual Fund
Serious M
google for HSFX Asset Management and start making money!