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What are some good tips for a young investor.?


What are some good tips for a young investor.?

If you have a mentor such as a parent, relative, guardian, parent of a friend or teacher who trades or has investment properties, ask him/her to show you what he/she does and how he/she does it.

If not, here are a few things to do:
1] Yahoo! has and recommends these free sites:
http://yahoofinance.com

AND
http://investopedia.com

This is one of Yahoo!'s "Knowledge Contributors". This is a terrific site to learn about trading.

If you're interested in real estate as an investment, ask the person who got you interested in real estate, to show you how he/she does what he/she does.

There are LOTS AND LOTS of things to learn about trading and real estate. It would take much too much room for me to write those thoughts in this forum. I could do it, but this forum is much too restricted as far as space is concerned.
Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

Take it slow. Know what you're doing. Don't look for get rich quick schemes.

READ ... read all you can... learn from others... read www.Minyanville.com , read www.SeekingAlpha.com .
read www.Bloomberg.com .
avoid Jim Cramer and anything by Kiyosaka (just my personal bias)

Read "the Psychology of investing" single best book i've ever read about how we fool ourselves into certain beliefs to reinforce our own self image and how it manifests itself in investing.

read anything by Peter Lynch...
read anthing basic... since you are starting out... dont be embarrased to buy an "idiots guide to investing" or something simple to give yourself a foundation.

and most importantly... Don't believe everything you read.... :)
be skeptical... be cynical.. be critical...

practice on paper before you invest real $... then start small.
Experience is the best teacher...you'll learn how to lose a LOT of money quickly if you're not careful.

learn diversification... Never take any HOT TIPS... avoid penny stocks.... NEVER NEVER NEVER take a tip from an unsolicited fax.

i could go on and on but that'll get you started

Cheers.

When others are fearful you should get greedy; when others are greedy you get fearful. When a stock sounds like a good buy it's probably too late to invest in it.

Read, Read, Read , Read, soak up as much information as you can, this is a very complicated business and there is a lot to learn, the more comfortable you are with all there is too know the better decision you will make. You should check out www.thewallstreethunter.com they have some pretty good articles on there for beginners and also have a pretty good track record for picking stocks.

Good luck

Learn as much as you can about investing, always have an emergency fund, and not to go too conservative with your investments as to keep up with inflation. Max out a Roth IRA and contribute to your employer sponsored retirement plan enough to get the company match. Good luck. (Put time on your side, start investing tomorrow!)

Learn! Focus on fundamental analysis (how to read financial statements), and understand that the objective is to find mis-priced stocks, not "good" stocks. D

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