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I just recently fell into a good amount of money. I've been thinking about investing, stocks, mutual funds, and all that financial stuff, but I don't know where to begin. If anyone can tell me everything you know about this stuff, and give me some advice on what I should do, I'd greatly appreciate it. In other words, tell me what I should do with a $1,000. I'm a banker. There's usually is a one good universal formular for investing your money. Given you landed yourself a large amount: divide that amount by four. Investing one part in the safest source of investment like long term treasury bond (30 years), another portion in a less secured but more earning long term deposit. One more portion in Blue Chip company, and the last one in the most radical risky port in the stock market you can find. Ask you stock broker about the one that everybody tips it's gonna go skyrocket and sell it as soon as it does and buy the new one in th same category. If your playing with 10,000 or more try investing with money markets. If your time horizon is long term (over 10 yrs, or so) I'd just go with Mutual Funds. They are safe (long term, they will go up of down with the market - so short term not as safe), easy, and hve a very good return. Stocks in general have returned about 10% over a long time frame, but pick a good mutual fund and you can find historical returns much better than that. I am not an expert at stock. However, I subscribe to a newsletter called Doubling Stocks. Each week. they will e-mail you the penny stock pick and they rarely go wrong. I have joined for a few months and made back more than twice the inital amount that I have invested. |
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