Maye Delk: Here are the key or catch words that really turn out to be true.1 Frequency - invest all the time, every month for me, get in the habit, treat it like buying food.2 Dollar cost averaging - this goes with frequency, buy when the market is up and buy when it's down. No one can time the market, you don't have to, just buy all the time.3 Buy and hold - If you buy stocks go for the long term, greater than 95% of day traders lose money. Every study ever done shows the 'buy and hold' investor beating the 'frequent trader'. Short term for me is 6 months and that is very rare, I go for years, 2 or more.4 Diversify - If you buy stocks, buy 10 different stocks, 2 from each of 5 different industry sectors, like energy, financial, technology, etc. Or buy mutual funds and/or ETF and diversify those, or better yet some of each. 5 to 25 stocks or 1 to 5 different ETFs/Mutual Funds should get enough diversity. More than this usually isn't necessary.5 Stay debt free! - No! t including a home mortgage6 Watch the fees and commissions - Don't buy anything with a "load" There are tons of funds with no loads and they do as well or better than funds with loads. If you pay a broker $40 to buy $400 in stock you have lost 10% right of the bat, $1000 is still 4%, add 4% for inflation you would have to earn 8% to break even. Avoid or reduce fees and commissions when and where ever possible, be a fanatic about fees and commissions....Show more
Mercedez Trabue: Learn very well about technical and fundamental analysis of stocks in order to be successful, especially technical analysis. You can read about it on www.stockcharts.com
Peter Lapoint: I think the best investment right now is by far the Foreign Currency Exchange Market, also known as the Forex. Where else can one earn interest on up to 400 times his or her money? The banks have known this secret for years, this is where they produce a large percentage of their income. But, not until ! about 1998 was it really introduced to the public, thanks be t! o the internet. There is only one problem though, 95% of people lose their money within the first 60 days. I was searching for a way to invest in the Forex, but eliminate the guesswork, and eliminate sitting in front of the computer all day. I came across FreedomRocks, and it truly is one of a kind. I have been using the system now for about 6 months, and I have seen very healthy returns. The system does 95% of the work, and it only takes about 20-30 minutes per week to manage a portfolio of any size. FreedomRocks has the biggest Forex brokers in the industry fighting for their business. The best part is anyone can try the system for free. Check out www.simple4xinvesting.com for more information. Also, feel free to contact me anytime with any questions.Best RegardsChris Thomas541-255-2647ctppl541@yahoo.com...Show more
Warren Kotter: A real easy way to learn how to invest is to read Andrew Tobias' "The Only Investment Guide You Will Ever Need." It is a short, well writ! ten and easy to understand book that lives up to its grandiose title.
Kizzy Hett: You should invest in stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks, as individual stocks are too risky. For most folks this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money aggressively in stock funds, and part conservatively in money market funds and bond funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be. If your company offers a 401K plan at work, try to invest the most you can. The money grows tax free, and some companies will match your contribution. Investing in a mutual fund IRA is also a good idea. I like index funds. Because of their broad diversification, you are less likely to have a dramatic drop in value. They also have the lowest expens! es. For stock funds, I would suggest putting ~70-80% of your money in! the Vanguard Total Stock Market Index Fund. and ~20-30% in a foreign stock index fund. However, there are many different opinions out there on what the best mutual funds are. Read the links below and form your own opinion Buying a house instead of renting will save you a lot of money in the long run. You don't have to pay rent and you build equity in your house instead. Buying rental property can also be a good investment. However, being a landlord can be hard work, and many people are not good at it. If you don't know how to handle deadbeat renters, you can have trouble. If you have high-interest debt, like credit cards, it is best to pay this off first before trying most of the investment ideas above. You should also have 3-6 months of salary saved up as an emergency fund in a bank or money market fund before trying more risky investments. Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too con! fusing, contact a professional financial advisor. They will charge you significant commissions, however. Sources: http://www.vanguard.com/VGApp/hnw/planningeducatio... http://www.dallasnews.com/sharedcontent/dws/bus/sc... http://www.fool.com/school.htm http://sec.gov/investor/pubs/assetallocation.htm https://flagship.vanguard.com/VGApp/hnw/FundsInvQu......Show more
Sharolyn Claybourn: Just hire me as your Portfolio Manager.
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