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Where to start Investing for everyday people?
So, I've been thinking of investing, but the world of investing seems very confusing. Any tips on products, goods, or services to invest in as a beginner and how to get started?
I hear of people investing in real estate, but how does one do that?
9 Answers
- 3 years ago
StockPair complies with international anti-money-laundering rules and applies no fees or hidden costs to their business.
- BLv 73 years ago
you sound very young, start off by reading "investing for dummies" it should explain the basics to you.
the fundamental notion which you need is risk and return, there is always some type of risk with a return, and usually there is higher risk for a higher level of return. your investments will not be risk free, so save up by working a job (or two) to achieve your dream.
- Clark KentLv 73 years ago
I began investing in real estate by accident. I moved and kept the old house. Later I moved again and owner financed the sale of the house. Again I moved and owner financed the sale, I sold my last home through a real estate broker. I also have an IRA from which I withdraw money--usually by transferring stocks to my margin account
- 3 years ago
People who do something other than investing for a living should be thinking about buying mutual funds for their retirement objectives. You can research the best mutual funds at Morningstar.com/funds.
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- exactdukeLv 73 years ago
1. My first investment was my company's stock
2. Next investment was in a 401k. If you don't have one of these, then an IRA.
If you don't know what or how to invest, read. Investing for Dummies by Eric Tyson is an excellent primer.
- A nobodyLv 73 years ago
Without having more information about your personal information, such as age, current income and other data such as risk tolerance, martial status, demographics, income & expenses, and your current liabilities it would be very inappropriate for me or any other responsible person to provide specific investment information in this type of media.
Also it would not be appropriate for any professional to provide any specific investing advice based on the information provided. And it would not be prudent for you to accept any specific investment advice from unknown individuals here at YA or a similar media.
There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges.
Mutual Fund companies as well as ETFs and Master Limited Partnerships have an entire array of products many will fit your needs. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing. And take the time to read “Common Sense on Mutual Funds” by John Bogle & David Swenson, or just read – “Bogle on Mutual Funds” by John Bogle.
You could also contact the funds companies for more information. I have found that Vanguard (http://www.vanguard.com/) & Fidelity Investments (https://www.fidelity.com/)
can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful. You can also read about Master Limited Partnerships at “the Dividend Detective” http://www.dividenddetective.com/
Regardless of what you decide, do not ever let anyone tell you not to invest, especially those that do not invest themselves.
Good luck on your journey
Source(s): from The Street - Anonymous3 years ago
currently even the experts have no idea what to do , apart from playing very safe or taking a gamble on a stock there is little obvious choice, just recently people have had massive losses on bitcoin and facebook
- EvaLv 73 years ago
You need a lot of money to invest in real estate and it's not very liquid. Start with a mutual fund first. Read Dave Ramsey's book for a simpler way to learn about investing.
- ?Lv 73 years ago
Start a ROTH IRA account with a local broker or the online brokerage firm of you choice. Set up direct deposit so that each paycheck a bit of money is automatically deposited to the account.
Within the ROTH IRA, choose a good growth stock mutual fund from a reputable asset management company.