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Does anyone have any advice for a beginning investor? |
I am a young college student who is interested in investing. I have thought about stocks and bonds, but I dont know which i should try. I am not interested in making a fortune quickly and am looking for something that could last a while and be profitable any suggestions? Sure, first, remember the difference between investing and trading. The bulk of my money is invested, put to work for the long run and otherwise prettywell left to do its thing. But I do have money I trade with. The latter is a lot more fun (especially when I win), but inherently more risky. So I trade a little and invest a lot. invest in something that'll get you rich. Open a Roth IRA account with a discount broker like Etrade or T.D. Ameritrade. Put in the maximum each year and don't touch it. Read, read, read. You can do yourself a huge favor by educating yourself on this subject. A little time invested in learning will be your best return on investment. You can buy or even check out the library. I suggest you read a book by mary buffett called buffetology this was written by warren buffett sons wife.She goes into great detail on how to start investing in a small way while you learn the ropes.This is the best blueprint into consumer monoplys . Find a mentor. Learn a method then stick to it. There's lots of blogs out there with good content. educate yourself before you put money into the market. Your on the right track, all you need is a little research and some good stocks to invest in. Try http://www.goldenbullstocks.com test drive their picks you will be impressed! |
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