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| crisrn2003 |
 Posted: Thu Mar 03, 2005 8:09 pm Post subject: Getting started suggestions for the clueless.... |
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Investing Associate
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| I would really like to do some small time investing until I get some idea of what I'm doing ---any suggestions? I have absolutely NO idea what to do or where to start. |
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| noksagt |
| Posted: Fri Mar 11, 2005 10:19 am Post subject: |
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Member of the Month! March
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The first suggestion I have is to READ. Many books from the library will discuss the foundations of investing & investing strategies.
Then open a brokerage account. This & other forums, as well as various magazines, will have good reviews so you can pick one that suits you.
Finally, start inesting. I'd personally start slowly--pick safe/stable, or at least cheap iinvestments. I think mutual funds are a good way for the small investor to get started.
During each step, you may suddenly have more detailed questions, which many will be happy to answer.
Last edited by noksagt on Sun Mar 13, 2005 12:48 pm; edited 1 time in total |
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| thrilla |
| Posted: Fri Mar 11, 2005 4:52 pm Post subject: |
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Investing Sr. Associate
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I would also suggest getting a feel for your tolerance of risk. What you invest in and how much you invest will depend on your risk tolerance.
I also suggest starting off small as well. The saying, "You learn more from your mistakes" is very true in investing. Better to make small mistakes and learn from them than blowing your life savings. |
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| tylr |
| Posted: Sat Mar 12, 2005 12:51 pm Post subject: |
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Investing Associate
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If you're a beginner, the 'dummies' (somewhat interesting titles selected by the author but that aside) series by Eric Tyson is easy to digest.
Investing for Dummies and Mutual Funds for Dummies are two good starter books.
I would start off with a balanced and diversified mutual fund holding and then as you gain experience, move on from there. |
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| thekingofspain |
| Posted: Sat Mar 12, 2005 7:37 pm Post subject: |
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New Poster
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I would focus mainly on index investing and asset allocation. John Bogle of Vanguard has quite a few good books on this. Vanguard is a pretty good place to invest once you reach the minumum amount to avoid the fees.
A more advance books is Stocks for the long run.
This will beat 95% of the mutual funds and professional investors. |
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| noksagt |
| Posted: Sun Mar 13, 2005 12:32 pm Post subject: |
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Member of the Month! March
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| signupmoney |
| Posted: Sun Mar 20, 2005 6:39 am Post subject: |
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Investing Sr. Associate
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| tylr wrote: | If you're a beginner, the 'dummies' (somewhat interesting titles selected by the author but that aside) series by Eric Tyson is easy to digest.
Investing for Dummies and Mutual Funds for Dummies are two good starter books.
I would start off with a balanced and diversified mutual fund holding and then as you gain experience, move on from there. |
If you are going to buy any "dummies" books, buy.com until 3/31 has free shipping and a $5 rebate per book (limit 2). |
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| thrilla |
| Posted: Wed Mar 23, 2005 2:57 pm Post subject: |
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Investing Sr. Associate
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| signupmoney wrote: | | tylr wrote: | If you're a beginner, the 'dummies' (somewhat interesting titles selected by the author but that aside) series by Eric Tyson is easy to digest.
Investing for Dummies and Mutual Funds for Dummies are two good starter books.
I would start off with a balanced and diversified mutual fund holding and then as you gain experience, move on from there. |
If you are going to buy any "dummies" books, buy.com until 3/31 has free shipping and a $5 rebate per book (limit 2). |
If you are really hell bent on buying any books, I suggest taking a preview through your local library or at Barnes and Noble. There are a lot of books out there and a lot of recommendations. Might as well take a really good look at which books make you feel comfortable. It's not always about how good the information is, but how it is presented. A breakthrough theory on Portfolio Theory is useless unless it is presented in a way that helps people understand. |
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