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First time investor.? |
What might be a good company to invest in right now. One that is expected to grow strong? I am first time investor and not sure how much to invest and where to invest it. Any tips will help. Usually you can discuss what products credit unions, and independent brokers are offering at no charge. If you want to buy stock and don't want to pay for advice, read, read, read. Every magazine, news article, and Internet article. You have to determine your personal level of "risk tolerance". Tim, if your looking to start investing, I would recommend a diversified mutual fund. Individual stocks have a lot of volatility and it is very difficult (regardless of the get rich quick books say) to determine which company will go up in value in the next 3,6,or 12 months. That is why so many people invest in CDs. Invest in a mutual fund, which is comprised of investment several companies. Investing solely in one company is a much greater risk. You can research the long term records of funds to view their return over a 10 year period or the lifetime of the fund. You can earn a solid 12% this way over a long period of time. There will be ups and downs in the market, periods where you will lose 12% but gain 24%, you want to look at the track record of a fund. I like Yahoo (YHOO) as this stock is currently trading a its low. There is a lot upside potential in my opinion. I tend to invest in companies i know and YHOO certainly fits into this category. For more ideas and methods of evaluating stocks, see http://ibooyah.com Before you make a decision , take a look at http://4xgenie.com . Before selecting any company to invest in it is always a good idea to know why you would invest in that company. The best advice is to get educated about investing before starting. I disagree with everyone else on this question (particularly the two guys who are promoting scam websites). If you're young, you have plenty of time to learn enough to invest wisely in the stock market. Read any book by Peter Lynch, a legendary mutual fund manager. |
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