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What is a very good way to invest my money as a novice - (stock, mutual fund, etc.)? |
I am from the metro-Detroit area and I do not have much. I am a guy who caught the bad end of todays economy - job left the country. There is plenty of money out there, I would love to get involved with making my money grow and "work hard". I am also more that willing to put forth a maximum effort. Thanks. Dude, you need to check out what is called an indexed mutual fund. The way it works is the company guarantees your full invested capital; so you can't lose that. The money that they make is added to the value of your fund, but you have to lock it in for a minimum amount of time; can be as long as ten years. This is a good place to start out. If your feeling more daring invest in silver or mining companies like Pan American Silver trades on the New York Stock Exchange under the ticker PAA. This baby is on rails right now, you can check them out on their web site and research their history. Hey your the blunt guy aren't you? Well good luck towards your first million and keep living the American dream. the common man's investment advisor... bobbrinker.com If I where you I would invest in gold and mutual funds...the price of gold will increase a lot in the coming years due to new asain markets and an inflating dollar. As for mutual funds just look around. Each person will be interested in different funds. I can advise you. Tim Hortons just got listed on New York and toronto it is around $37 it may reach $50 or $70 in few month. |
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