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Where to I get started with investing my money?
Hi, I am a freshman in college and im interested in finance. I have some money in my savings account and with my summer job more money will roll in. I very much want to invest atleast some of my money to make more. I was considering safe investments such as apple and the auto industry(well gas prices may ruin that). I have an account with chase and i was wondering if i can invest my money from there? Can anyone give me tips on how to get started with investing? much appreciated :)
4 Answers
- 9 years agoFavorite Answer
before you start investing you have to educate yourself about financial markets and financial instruments. first, read scholarly, peer-reviewed articles; secondly, get some market data for stocks that interest you and study them analytically. maybe you can find the S&P500 or Dow Jones Industrial end of day and intraday stock market data on the web or simply buy it on ebay if it's still there.
Source(s): http://www.ebay.com/itm/DOW-JONES-INDUSTRIAL-HISTO... http://www.ebay.com/itm/4749-STOCKS-HISTORICAL-MAR... - Anonymous9 years ago
The Markets will eventually correct,..so Apple later...auto industry,..no....
and the next worst way to start investing besides Insurance companies annuities is Banks,..especially if you're small money,..no offense...
Pick a Mutual Fund Family,..and park the money in a "Taxable Money Fund",..Till you have a better idea what Mutual Funds you prefer,..and buy in a market correction,..not now at a Market high..
- Anonymous9 years ago
Real estate is the best investment right now...if you can get approved for a mortgage take your savings and use as a down payment and buy your first home. Just make sure you use a really good realtor so you don't start out upside down.
- 9 years ago
pick a trading strategy and you stick with it. INCONSISTENCY IS THE MOST IMPORTANT REASON TRADERS FAIL. I have had my whole account washed out twice. The truth is EVERY strategy sucks but you manage your money by limiting your losses and letting your profits ride. I bought this foreign exchange(my area of specialty) system and its pretty descent. descent 500 dollars every month per lot.
