Mitchel Demry: Go to a bank or Credit union and get a short-term Certificate of Deposit (CD) -- "short-term" meaning a year or less. You won't earn much interest, but your investment will be completely safe. Then, use to time to study your choices for more lucrative investments.
Shemeka Laker: Start investing in mutual fundsI have had a number of people ask me how to start investing in the stock market. Many simply want a road map to invest with out any vagaries. I have seen a lot of articles and heard a number of experts on this subject blab about vagaries on how to get started. Contact Royce mutual funds and set up a Roth IRA account. You can do this online or over the phone. My experience has been they have been very happy to help. Be sure to set up E-delivery of prospectus and reports otherwise they will charge you 12 dollars a year for your account (custodial fees)....Show more
Paul Maymi: People have different personality and risk tolerance, hence dif! ferent investment choices that are best for them. Instead of asking a question here and hoping to get an answer that might not be the best for you, educate yourself first and try to come up with an answer by yourself.Here are some questions that might help you build your own answer to financial freedom:1. How much risk am I willing to take? (eg. Are you okay to risk all for big return, or must secure your initial investment?)2. What investment types are you interested in? (If you don't know which one to choose, you need to study them!)3. What is your goal, in what years and in what amount? Be very specific with milestone goals!Try to read books, attend seminars, talk with advisors, and so on to come up with more questions of your own and you might find your best way to invest. Good luck!...Show more
No comments:
Post a Comment