right now or should i wait. if so what do you invest in. been looking to do this but i am not even close to understanding what goes on there. i would like to see about an investment firm but would hate to get in and get my ass handed to me. any of you bigtime investors have any legit advice.:drink:
Don't go through brokers or investment firms. Invest directly in stock mutual funds. Get a large company growth fund, mid cap fund, small cap fund, and an international fund. You can invest directly with the mutual fund companies and cut out the middle man. Normally these funds have about a $2000 minimum to open. You can open a fund and then sign up for automatic monthly investments to come out of your bank account. This monthly investment allows you to dollar cost average. Here is a list of funds that Kiplinger magazine recommends:
http://www.kiplinger.com/magazine/archives/2008/05/best-mutual-funds.html
http://www.kiplinger.com/magazine/archives/2008/05/best-mutual-funds.html
Unless you have a high risk tolerance I would accumulate over time at this point. If you are not looking to be an active investor, index funds will minimize the fees and commissions. I would decide how much you want to invest and then buy into index funds in 10% increments spread evenly over the next 18 months.
Best of luck!
Best of luck!
"Be fearful when others are greedy, and be greedy when others are fearful." -Warren Buffett
Now is a good time to begin investing and especially dollar cost averaging into good stock mutual funds. Don't invest in the stock market if you are going to need the money in the next five years. View it as a long term investment and not a get rich quick scheme.
Now is a good time to begin investing and especially dollar cost averaging into good stock mutual funds. Don't invest in the stock market if you are going to need the money in the next five years. View it as a long term investment and not a get rich quick scheme.
Buy solid companies that have been beat down this past year that pay dividends.
I have 6 stocks that all pay me monthly or quarterly dividends. These companies took big hits this past year but they are good companies. Stock price is starting to go back up plus I am getting paid to own the stock.
These dividend checks will start to add up.
I have 6 stocks that all pay me monthly or quarterly dividends. These companies took big hits this past year but they are good companies. Stock price is starting to go back up plus I am getting paid to own the stock.
These dividend checks will start to add up.
I would highly suggest you educate yourself on investing by reading up on it before you invest. Not knowing how to invest could cost you tens of thousands of dollars. Otherwise, if you trust others you are at their mercy for their investment choices and believe me most people have lost a lot of money in the recent market letting others invest for them.
