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Where can I find --GOOD-- Investment advice? |
I am in need of HELP as I cannot pick a stock to Save MY A--. You can't. Probably not on YA. Try a good broker in your area. Don't buy individual stocks, buy good growth stock mutual funds. See www.daveramsey.com and click on "ELP" [endorsed local providers] I was the same way a couple months ago. Do some research before you jump into anything. I will recommend a couple good books that have been really useful to me. "the wealthy Barber", Books by David Bach, (check the Library), personal investing for Dummies. I have read all these and more, they have been a great help in putting me on the right track. You may find a lead here. A simple question, but not a simple answer! If you want to educate yourself about investing, there are many excellent internet sites: investopedia.com; smartmoney.com; yahoo.finance.com; morningstar.com; sharebuilder.com, and a host of others will give you great background. Peter Lynch was a great investor. Read his book 'One up on wall street'. Unfortunately, trustworthy Financial Advisors, Stock Brokers, Investment Consultants, or whatever you want to call them, are hard to find on your own. Bigger brokerage firm advisors will offer you an investment that suits their pocket more than yours. They all want to "annuitize" their business, where they receive a small percentage of what your account is worth. That takes the monitoring pressure off of themselves and leaves it to a portfolio manager. They also can offer you investments that have up-front charges, so once you buy, from then-on, you pay again at some point to buy something new. There are ways around that, but usually advisors won't tell you that. The bigger brokerage firms will also only give you an advisor if you have $50-100K for account size. Otherwise, it goes to a call center; they are all moving towards high(er) net worth clients. Stock brokers just want to make trades so they can make commission off of what you buy/sell, so they could care less what you do. Bank advisors mostly sell proprietary stuff, so it may not be the best for the client. Luckily with bank advisors, they have the most to lose, so they are usually the most honest ones. For example, if they make you angry/mad, not only will you move your investments, you'll probably move your banking relationship too. My advice is to find out who your family, friends, and/or co-workers use (if any) and then set an appointment with them. Consultations should be free, there should be no pressure, and most importantly, they should ask what your goals, risk tolerance, and time horizon is. Planning is paramount to giving GREAT advice and so is understanding. Unless you have plenty of free time, learning it yourself is a waste of time. There are 14,000+ mutual funds and more stocks, so if you like reading and have time to learn about each fund and study each holding or research the company stock, you should leave it up to the professionals. Work smart and not hard. OK I too have been cruising around and these people seem fairly competent and know what they're talking about. |
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Better Investment Advice, is YOU and YOUR Gut Feeling. You have to do home work though. Do you want to begin read ... Study the stock market now. Use play money, record what you buy, see if it goes up. The market and what you should buy at the time you turn 18 will be different than what you might should buy now.... Go to your library and check out a couple of books on investing. ...Open an IRA and start accumulating tax-free earnings. Contribute a small amount frequently, once a month, if you can afford it. ...In this example you have $10,000,000.00 You invest $5,000,000.00 in the stock market with the help of a portfolio manager and you reinvest half of your profits and give away the rest to your fam... There are many excellent websites providing investment advice. Investors.com, TradingMarkets.com, and Fool.com are all excellent. They are all different though. If you were able to master the m... Age and cash are on your side, so don't waste them! Warren Buffet did exactly this, long term stock investment. but it is not like buying any stock and hold them till death! (most beginners... Most of the answers given in this forum are real good. Also they are for the most part unbiased. If you have a particular question, give Yahoo answers a try. Here is some advice now. If you... |
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