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What are some smart ways to invest and make money? |
What are some smart ways to invest and make money? I do not wish to sound flippant but slow and steady does it. That means invest your money is a diverse holding of sound companies that are not currently overpriced. Certain mutual funds focus their investment strategies on such companies as does by the way Warren Buffet. Over a period of time say 10 to 20 years, that strategy will yield superior results. smart way?? there is no smart way... there is only one way which is of patience....thats my experience Well don't think you are going to get rich on ebay... LOL. Buy Property/Real Estate! (As many as You can Finance) Start out with something simple that has little or no risk. In other words start at the bottom and work up. With every new investment you should study it out and see if your willing to risk your principal another words loose your money... There are very few real get rich ventures that really work as they say. For Instance How to get rich in Real Estate on Late night TV. Watch and learn but mainly those are for selling you Hundreds of Dollars of tapes and yet you may not every be able to get things off the ground... A smart way is to educate yourself by reading books and informational articles on websites, such as Yahoo Finance. Once you have some background, I'd recommend attending many of those free seminars you see about investing in your area (typically it's a brokerage firm seeking clients, and that's okay... you might appreciate their expertise and decide to do business with them). You could even take a class at your community college; most are taught by a stock broker currently in the business and up-to-date on the latest investment strategies and ideas. Finally, make a decision to invest in an IRA... probably with some well-diversified mutual funds. Be a long-term investor... you'll sleep better at night. |
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As stated, it depends on your age and your tolerance for risk. Savings bonds are guaranteed by the US Government, but only return about 4-6% per year, depending on the bond type. There are very saf... You can open a brokerage account at ameritrade.com and drop me a line. ...Good for him. It's a good habit to get into... 1) You'll need to open a custodial account for him. Essentially swing by a brokerage's website. Try Tradeking (www.tradeking.com), Z... well if you live in a devoped country like america sue them, otherwise shoot them :) ...I'd like to second the suggestion that you begin a DRIP, and hope to clarify them a little. That stands for Dividend ReInvestment Plan. The companies allow you to start an account direc... No. ...I will attempt to clarify your question as I go along. Investment companies are mutual funds that invest the cash that is deposited into their accounts. Invesment brokerage firms provide financial ... I am 18 years old and have saved almost all of my money in a Vanguard account. I now have enough money saved up that, if I wanted to, I could pay the down payment on a decent house. The interest is... |
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