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I want to invest my money and I have little knowledge but have the basics down.? |
I am in high-school and want to invest my money before I have to pay taxes. I know most general stuff from school and friends but would like advice and tricks. Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out. Learn how to read a balance sheet, a form 10-Q, and 10K. See where the company's management is from and their experience. Make sure the P/E ratio is reasonable for revenue and number of employees, etc. Don't trust what the boards say. Seek long term value investments and start with your gut and what you like. For instance, if you like a new technology like the Blackberry or iPod, maybe others will too. Get in early and don't 'bet' what you can't afford to lose. pay for that college education. put your money into cds/money market funds until youre ready to trade live. until then - research a lot. there are lots of sources online to help you understand all kinds of financial markets - foreign and domestic. I've written a few blog entries about this. Maybe you will find them helpful. It's mostly geared toward saving for retirement, but I think they apply in your case too. They detail what type of account to open and what types of things to invest in. First of all, Spend Not, Save a Lot! Saving is investing. After you make that a habit educate yourself by reading personal finance books. In your finances, definitively maximize your contributions to your 401 k plan (if you are military, work for a non-profit organization or you are a government employee you won't have a 401 k) since they grow tax deferred (is not tax free) it offers a great opportunity to get good money and lower your tax burden too. Open a brokerage account at TD Ameritrade. |
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A lot depends on other personal financial factors, e.g., level of risk you are comfortable with, previous experience selecting your own investments, your age, do you have 6 months living expenses i... Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks as individual stocks are too ri... bank CD's ...If you invest based on advise from this website, you deserve to lose all your money. Do some research, read up on market trends and talk to other investors. ...Martha, Well, welcome to the world of investing! I would definately do your research before you commit to any one option. With a smaller amount to invest you have to work carefully wit... Try the company `Royal London` they have good high interest five year investment policies. Very good. ...It's a way of investing in the stock market without the 'direct' risk. Unit trusts invest in alot of different shares, so the risk is reduced because if one lot of shares go down, t... The best way to invest your money can be found at ... |
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