What books/sites to learn basics & trips on investing?
I’m totally new to investing because my environment when growing up wasn’t the most susceptive to it. However, I really would like to learn the basics and more of investing (stocks, bonds, mutual funds, etc.). Are there any good books and/or websites out there that can help me? I’m looking for something that explains the bare-bone basics, as well as general tips (what to look for, when to invest, what to invest, when to buy/sell, etc.)?
There are a few good sites about what to invest, what are stocks, bonds and what the experts are saying about these.
Check out this site for common terms used in investing and a few good resources on investment guru Buffet has to say
Other websites for general reading and news:
Too late to invest in TIPS?
I believe inflation in the United States will continue to rise for years to come, because rising fuel prices cause the prices of everything else to rise. I have been considering investing in Treasury Inflation Protected Securities (TIPS) as a safe haven for a chunk of money. But now I read that Morningstar has said that the yields on TIPS have gotten so low, that even the fact they’re inflation protected makes them a poor investment at this time. In essence, it’s too late to buy them. I’m not sure I agree, given my assumption that inflation is here to stay for a long time. What do you think?
Morningstar has a valid point. I think the rate is 1%. This of course is thanks to the Fed which is more interested in bailing out fools that made bad investments than in protecting the savings of people that didn’t. Typical Washington stupidity, but then if we did not hear Washington and stupidity in the same sentence, it would be an oxymoron.
On the other hand it might very well be 4% 10 year bonds by a wide margin assuming the consumer price index fairly represented inflation which it does not. The government likes to lie.
If you are willing to take some additional risk, you can get 7% return plus some expected capital appreciation by investing your money in pipeline limitied partnerships. The dividend is subject to state and local taxes if it is held outside of a Roth IRA.
ETP pays 7.5% and has a 5 year annual return of 32%. Ten year annual return of 24%
MMP pays 7.3% and has a 5 year annual return of 16.5%
PAA pays 7.3% and has a 5 year annual return of 16.2%
Beats the crap out of those worthless government bonds.
investing for retirement….?
I am only 25 currently and I was wondering about some suggestions for investing for the short term (5-10 years) and for retirement. I really want to start up a photography business within the next year to year and a half and was wanting some quick investing tips for getting a jump start on it. I could put about $200-$400 a month away in investments right now. In 6 months that may change with my job (possibly more in about 6 months, raise time 🙂 ). We already invest in a Roth IRA right now. Wanting to invest more for the future. Tips and Tricks greatly appreciated.
For the short term plan, you probably want to stick with CDs or bonds.
If you owe any debt (especially credit cards) PAY IT OFF.
For retirement, first max out your roth. If you still have disposable income after all that, you might want to meet with a financial planner to discuss other investments.
22 Year old needs advice on investing?
I am 22 years old, and I have no idea how to invest and what to invest in? Ira’s, Mutual Funds, Money Markets, Stocks?
No Idea at all, I dont even know where to start, I would however like to do it Online in the privacy of my own home. So I am looking for some good tips on where to start, and I also don’t have much to invest being a recent College Grad. Any help or tips would be appreciated
Invest in stocks will be the good option.
You cannot trade or invest in stocks unless you open an account with a stock broker. Since investing in stocks has been much facilitated by the advent of computers and internet, you can easily register your account online with any stock brokerage firm. Before you open an account, you must find out the minimum amount you have to deposit with your broker irrespective of the type of account you opt for from the website of your brokerage firm. Each broker has his own minimum account limit, which may range from $500 to $10,000.
The guiding principle before accepting the minimum amount deposit should be your budget and also the facilities and services that the brokerage offers for a particular level of minimum amount deposit. A comparison-shopping in this respect would prove highly beneficial in long term trading. While it may be true that the less minimum deposit you pay, the less you get in form of services as well, there are some brokerage firms that deliver much more value than the minimum deposit they demand.
A good brokerage firm may demand a minimum deposit for example $ 2,500 but may deliver much more value in terms of lower commissions, as low as $1.50 to $ 3.00 per equity trade, free dividend reinvestment plans and a large number of free trades spread over a long time. They may not even charge you any thing if your account becomes inactive for some time. If you are beginner in stock investing, these benefits can prove to be of immense value in form of risk free investments and savings.
The next step is to choose an account. You can choose an:
As the name suggests, an individual account is an investment account that is opened for one person. You must have reached the age of majority, i.e., you should be 18 years old or above in your state of residence. The age of majority entitles you to full legal rights as an adult. Besides, you must also be a US citizen or a resident alien with a valid social security number. A resident alien is a person who is a non-US citizen but legally resides in the US and also pays the taxes.
2. Joint Account
A joint account is an investment account that is opened for two or more people with the proviso that both people who open accounts should have reached the age of majority in their state of residence. Joint account can either be set up as Joint Tenants with Rights of Survivorship-JTWROS- –or as Joint Tenants in Common-JTIC.
Opening both kinds of accounts is an easy process. It takes about five minutes to open an account on line. All you need to do is to select the account type you want to open and fill in your personal information.
You also have to read and confirm the subscriber agreements, which include the ‘account agreement’, ‘customer acknowledgment of risk’ and ‘day trading risk disclosure statement’.
Besides these you are also required to comply with the exchange rules. So you have to read, understand and comply with both the New York Stock Exchange and the New York Stock Exchange data subscriber agreements. You should read the agreement as you scroll it down to the bottom. Read both the sections of the agreement and check both the boxes before you move on.
The next step is to choose your user ID and password. You also have to provide your email id for correspondence. You also need to select one of the four secret questions and provide answer to them. This information is needed to assist you to get your password in case you forget about it.
You have also to provide your personal information including your name, date of birth, residential address, marital status, employment, number of dependents, phone numbers, mother’s maiden name, social security number and country of citizenship. You have also to provide your financial information including your employer’s name, annual income, net worth and liquid net worth.
The answer to these and a few other simple questions completes the account opening process and you are ready to start investing in stocks and shares immediately thereafter.
The tutorial below will also be useful for you.
I use SogoTrade.
They offer cheap stock trading at $1.50 – $3.00.
Some of the features this brokerage offers:
1. $1.50 – $3.00 Online Equity Trades
2. Fast Order Execution
3. Excellent Customer Service
4. Scheduled Investments and Fractional Shares
5. 3 Great Trading Platforms: SogoTrade, SogoElite, Laser
6. Enhanced Online Security and SIPC Protection
7. Powerful Trading Technology
8. No Account Inactivity or Account Maintenance Fees
9. Free Dividend Reinvestments Service
10. Complementary Stock News and Stock Charts
Do some research and you will find the best broker.
What tips for teens and money?
What are some good ways to save? What are the best ways for teens to invest? What are tips for budgeting? etcc..
I do not need ideas on how to make money. I need advice on what to do with it.
If you went to a broker like edward jones and invested say $15 dollars every two weeks in a growth income mutual fund on top of say a 400 opening balance and added to it every two weeks you would have about 100000 when you retired!!!
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