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I am wanting to invest money, but i don't know were to go to find info about the best way to invest.? |
I am wanting to invest money, but i don't know were to go to find info about the best way to invest.? First go to your library or book store and get a book for beginning investors. "Investing for Dummies" is good. After that you may know the answer to your question. Go talk to a broker, a financial planner and several other financial professionals. Depends on how much you have. A great site to look at if you are looking for advice on investing is http://www.top10traders.com The site lists out which investors are doing the best and what stocks they have bought. Just click on the portfolio of the best investors and you can see the stocks they like.This is a totally free site. You can create your own portfolio of stocks with $100,000 in 'play' money, and then watch how your stocks compare against other traders. When you feel comfortable with a stock that you have in your 'play' portfolio at http:www.top10traders.com then you can go out and buy the real thing. Good Luck! Speak to a broker. If you are in the US do not invest in the US market bec they will tax you heavily. I am an India, stay in Jo'berg but invest in the US bec repatriate the money in $ ....well it will take time for you to learn all this, master and then finally start making money...good luck! I asked my dad this question once and he told me the best way to invest money and the greatest returns is buying houses and renting them out. You can buy a cheap little old trailer for about 3 thousand and rent it out for 400 a month(depending hwere you live it could be more) and have it paid off in a little over a year and the rest is profit, profit , profit. Then buy another house or trailer and do the same thing. Pretty soon you won't need to work. My dad does this. He started off buying his first hgouse when he was 17. Now he has 10+ houses. I manage them for him:) Good luck!!! I was going to answer your question, but Italian Girl beat me to it. Good advice with which I fully agree. Go to Yahoo's finance site and click on Investing to learn. |
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