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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. Never put all your eggs in one basket. 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. Many companies offer there employees share options - see if your current job does. 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!!! You can try www.sharebuilder.com - 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 :) |
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