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I want to learn about investing, how it works, how much money do I need, how much is my profit???
I want to start investing but I don't have a clue what so ever on how it works. Is there any websites/books that can break it down for me so that I can start learning and understanding about investing???
Any advice that you can give me??? or a commond mistake that I can avoid???
Help Me Please! Thank You!
2 Answers
- regeruggedLv 71 decade agoFavorite Answer
If you have a community college in your area, check to see if they offer a course in personal finance. If you are close to a library, read the Wall Street Journal and Investors Business Daily, newspapers published every day...if you can tolerate it.
First, set a goal. If you want to accumulate wealth for the long term, look to mutual funds that track the S & P 500 index. You will be owning parts of the best companies in the US. T Rowe Price has such a fund. The initial investment is $2,500. It is even less if you are opening an IRA...individual retirement account.
Your motto should be: "Better to be safe than sorry." It means don't get greedy and take big chances.
- Anonymous1 decade ago
Try, http://www.theprovenstrategies.com/
What most investors don't know, is the that the market has a heart beat.
first learn what will be happening to your investment when you are busy working away.
Whether, you wish to be short term invetor or long term, The Proven Strategies has the answers for you.
We look forward to hearing from you.
Source(s): http://www.theprovenstrategies.com/