Localfund.com - All about Fund and Investment
*Home>>>Stock Investment

Which way is best to start stock investments for a not rich person? please don't say you have to be rich:(.


Which way is best to start stock investments for a not rich person? please don't say you have to be rich:(.

Start with mutual funds; it's the best way to keep diversified without a large amount of money.

If you want to day trade, try sharebuilder.com; they've got the lowest commission for us poor folks so you can keep more of your hard earned money.

Never put all your eggs in one basket.
For example if you have USD 1000.oo spread it over
3 or 4 companies instead of putting it in one company.
If you have saved 5000 then invest only 2000. You should never have to exit the stock market for need of cash. Prepare for the long haul if needed.

You can get tons of good/bad stock advice out there, so I won't dispense with that. But if you want to start out and you're serious about out, try to get in the habit of putting a bit of your paycheck aside every paycheck to start with.

Your employer may have something set up for that already, such as with 401(k)s and the various types of IRAs. Then, once you get into the habit of putting something aside regularly, it adds up over time with the principles of compound interest. And no, you don't have to be rich to invest in the stock market.

Many companies offer there employees share options - see if your current job does.

otherwise test your skills first with celebdaq (google it if you don't know the address)

Contact your local bank and tell them you want to set up a "Roth IRA". They will tell you the minimum requirements, as well as give you some investment recommendations, based on your personal financial situation and objectives. Good Luck.

money market account!!!

that is how I started.

You can try www.sharebuilder.com -
http://home.ingdirect.com/(I use them- have CD's (no minimum amount that has to deposited and their interest rates are better than my banks(1 percent- oh please!)

try sharebuilder.com you only need as little as 20.00 to open an account and they only charge you 4.00 per stock purchase or something like 12.00 month for unlimited buys

Try managed funds. What they do, is a bunch of people put a little bit of money in, and the manager pools the money and invests in big scale things. You get the advantage of diversification (which gives you higher returns for lower risk) without having a huge start up cost. Have a look at moneymanager.com, make sure you look at the MER (Management Expense Ratio - the % of fees you can expect to pay), although this may not include all fees.

START WITH A 401 K AND INVEST FROM THERE

Start a tax shelter Account at work start with 50.00 bucks a payday at tax time if you recieve a return start a mutual fund now you have 2 accounts with American Express talk with adviser he will diversify stock opotions GOOD LUCK and be patient most of all .

2 words: index fund

yes thru mutual funds, all the best....plsss remember slow and steady wins the race, dont try to jump or u'll fall badly :)

Tags
  Vanguard Fund   Value Investment   Trust Investment   Stock Investment   startup Investments   Startup Capital   Sector Fund   Seed Money
Related information
  • What are good stock investments?

    no no no. over 80% of mutual funds underperform the market each year. THE BEST mutual funds provide SMALL, long-term gains. Your money should be in a diverse group of stocks right now. At this poin...

  • Is there an etf that I can buy to get investment exposure to the price of oil?

    Sure --- BUT if you don't know how to evaluate the dozens of financial products you'll just be shooting from the hip. Thaty's called a gamble, not an investment. Assuming that...

  • Good short term investment stocks.?

    In a weak market like now, stocks that buck the trend or show limited correlation with the indices are usually story stocks and small/micro caps. You can't know in advance which ones will run...

  • Is it possible for china to pull all of its stock investments from america and hurl us into a depression?

    No, it would depress values of US assets which would instantly make US assets and exports look far more valuable. Other foreigners/US citizens would quickly pick up the slack. Furthermore, an a...

  • Are penny stocks a good investment ?

    5 Tips for Investing in Penny Stocks 5 Tips for Investing in Penny Stocks by Christopher Smith Investing in penny stocks provides traders with the opportunity to dramatically increase their...

  • Can you recommend me a stock please?

    With $2000 to invest, there is a great deal of risk in investing in just one stock. It might go belly up despite the most glowing predictions to the contrary. A less risky course is to invest the ...

  • If you own a stock in a IRA, is there a rule that it should be held for a year before selling?

    Nothing in law. I know some mutual funds say they have to be held for at least X amount of time or they are subject to penalty. But you can trade actively within an IRA if you choose to do so...

  • How can the stock market be doing so well in a sluggish economy ?

    Remember you are buying companies, not stocks. Corporate profit margins are at record levels. From a historical context, interest rates are still very low, and money is sloshing around pretty fre...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster