Lauren Alderton
New Member
Cash: $ 1.00
Posts: 3
Joined: 19 Feb 2009
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| looking to invest |
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hello all!
My name is Lauren Alderton, i am 22 years old and looking to get into investments, i am extremely keen to make all the money i have "Work" for me and am wondering if you guys have any advice on where to start with investing? any advice would be greatly appreciated!!
many thanks! 
Lauren Alderton
gain personal and financial freedom its soooo easy!! click the link below to see for yourself.
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I also have my own website and blog..
www.creativeprosperities.com
http://creativeprosperities.blogspot.com/
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Thu Feb 19, 2009 2:30 am |
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JamesKim
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Hey Lauren:
I'm actually around your age, 21, and I just started investing. There are several questions to ask yourself.
Are you looking for short term or long term? Both have significant differences in taxes. What kind of risk can you tolerate?
Right now the economy is in terrible shape. I usually follow data such as: housing starts, consumer durable goods, initial claims, everything that's an aggregate demand and so far it hasn't been good so I've been investing in a safe stock like Wal-Mart (WMT). WMT has been performing well. You could invest in noncyclical businesses such as pharmacy. Mylan (MYL) is a good pharmaceutical company, it's been doing better than most. Not sure about now, but bonds do perform well in a weak economy. Most importantly, diversify.
In-terms of picking a brokerage firm, I use sogotrade. $3.00 to buy and $3.00 to sell. It's the cheapest I've found. If you were to work with a full service firm, it'd cost you anywhere from $30-100 to buy and sell. Pretty crazy...
I've learn the hard way investing, I actually incurred some losses without any knowledge of economics and so forth, but do you HOMEWORK.
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Fri Feb 20, 2009 1:50 am |
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saihemanta
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Location: New Delhi
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I think real estate investing is good but many people not interested in a real estate investing because it required a lot of money but return of investment is good.
Infrastructure Development in India
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Wed Feb 25, 2009 6:26 am |
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thebeave
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Use an online broker for sure. Research is the most important part of investing, though with times like they are now the market is incredibly volitle but people our age (I'm 21 also) have one of the greatest investment opportunities ever presented. This is because we have what most people dont, time.
The best thing to do is find good, stable, long term stocks and invest in them. Make sure they are not all from the same sector so you can diversify your portfolio. Take Ford for instance, right now when I am typing this their shares are $2.06 a piece. With all this talk about the "Big 3" falling it's easy to shy away from Ford. But really, they are the best off and I see no reason at all why they won't pull out of this much stronger, especially since GM and Chrysler run the iminent risk of bankrupcy whereas Ford has said they can guarantee enough money to make it through this year, even if sales do not increase. Its inexpensive stocks like this that will be a great investment to hold on to for 20 or 30 years.
Now, if you are looking for some quick profits, I would suggest playing with some stocks like Rite Aid. Currently, their price is $0.25 a share which I find a little rediculous. There is no reason for a pharmaceutical company as strong as Rite Aid to be this low. Nonetheless, this offers a unique opportunity. It doesn't cost much to pick up 2 or 3 thousand shares and wait for a price swing of 5 cents or so (it happens quite often) and sell for a profit, then do it all over again. There is a lot of risk involved in this but that is why you do not risk very much of your investment capital. Play around with this for a while if you are looking to make a few quick bucks but DO NOT use the majority of your investment capital for this. Long term is definately the way to go right now. We're young, we don't need to worry about spending this money for 30 years.
The Wedding Experiment
www.interestinginvesting.com
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Thu Feb 26, 2009 5:47 pm |
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littleroc02us
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Wow, at 22 do you realize how wealthy you can become by the age 60? You could be a millionaire many times over. If you were to invest $12,000 a year for 30 years at 8% return you would have 1.5 million. You would be 52 at this point. Amazing! I would suggest putting your money into Mutual funds.
A mutual fund is a fund operated by an investment company that pools your money with hundreds of other investors to buy stocks, bonds, options, commodities, or money market securities. These funds offer investors the advantages of diversification and professional management.
Good Luck and don't borrow money for anything except your house.
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Thu Feb 26, 2009 6:47 pm |
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bumblebee
New Member
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there are lots of ways to invest I myself have been trading in the stock market for many years...
http://kaboomstocks.com/forum/
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Thu Feb 26, 2009 7:38 pm |
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ukey
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Location: Singapore
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New to investing and you are already asking for tips?
Why not spend a few dollars on a good investing book on stocks, mutual funds or real estate, whatever you are interested, and decide from there?
If nothing else, you will at least get some knowledge of what goes on in the minds of others when they do investment in various vehicles.
www.communityofwealth.com
www.communityofwealth.com/the-markets-to-buy
more information on http://www.wealth.communityofwealth.com
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Fri Feb 27, 2009 5:21 am |
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JamesKim
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Joined: 26 Sep 2007
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Thebeave:
Why Ford? I understand that Ford is far better off that GM and Chrysler, but there are better stocks that Ford from my view. As a new investor, I wouldn't recommend Ford at all, maybe an ETF like QQQQ or DIA. Investing in technologies such as Cypress Semi. Items that consumers need like food, shavers, etc... companies such as JNJ, P&G, are a good start off point. In this market, every stock is getting killed, most of them at least.
Going forward I believe technology will lead the way as well as the financial sector. As a new investor, this is a GREAT entry point, considering that you are buying an asset around -50% down Year to date. I still stand with WMT, YUM, and MYL
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Fri Feb 27, 2009 3:29 pm |
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thebeave
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Ford was just a suggestion, I believe they will pull out of this and be around for a long period and I believe they are a bargain right now. I own Wal Mart as well but their shares are a little expensive and I was thinking along the line of stocks that one could get for a bargain right now. As far as tech stocks go AMD and Nvidia (NVDA) would be great IMO. They are both relatively cheap at the moment but are very stable companies.
The Wedding Experiment
www.interestinginvesting.com
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Tue Mar 03, 2009 4:11 pm |
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JPhoenix
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In the current market and economy I think peer to peer lending is one of the best options for investors. Your money will definitely "work" for you. My lending portfolio has enjoyed a 16% return over the past 2 years, even after the 2 or 3 charge offs from borrowers (that's most likely due to the rise in bankruptcies recently). Even so, 16 % sure beats my stock portfolio's performance. Just be sure to choose your borrowers wisely and you should see great results. Peer to peer lending is expected to explode in the near future.
http://hubpages.com/hub/make-money-with-P2P
Money saving advice at www.moneyscrounger.com
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Sun Mar 15, 2009 11:21 pm |
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coaster
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P2P lending is not the topic of this thread. Please stay on topic. Thank you.
~Tim~
Eye Candy : Why Whimsy
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Mon Mar 16, 2009 2:10 am |
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bankbars
New Member
Cash: $ 0.60
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Joined: 09 Mar 2009
Location: india
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| Re: looking to invest |
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quote:
Originally posted by Lauren Alderton
hello all!
My name is Lauren Alderton, i am 22 years old and looking to get into investments, i am extremely keen to make all the money i have "Work" for me and am wondering if you guys have any advice on where to start with investing? any advice would be greatly appreciated!!
many thanks!
Lauren Alderton
Hi Lauren,
There are various ways of investing, but due to the recession period it's risky to invest in any of the money market. But it is recommended that amongst other money markets, Banking and insurance are the best and safest option of investing. you will find various types of banking services and accounts that will match your criteria. You might not get attractive returns as compared to other money markets, but investment in banking would prove satisfactory and safe investment.
Regards
bankbars
online money transfer
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Mon Mar 23, 2009 12:37 pm |
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Tr@der
First Time Poster
Cash: $ 0.20
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Joined: 19 Mar 2009
Location: New Zealand
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| Re: looking to invest |
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quote:
Originally posted by bankbars
quote:
Originally posted by Lauren Alderton
hello all!
My name is Lauren Alderton, i am 22 years old and looking to get into investments, i am extremely keen to make all the money i have "Work" for me and am wondering if you guys have any advice on where to start with investing? any advice would be greatly appreciated!!
many thanks!
Lauren Alderton
Hi Lauren,
There are various ways of investing, but due to the recession period it's risky to invest in any of the money market. But it is recommended that amongst other money markets, Banking and insurance are the best and safest option of investing. you will find various types of banking services and accounts that will match your criteria. You might not get attractive returns as compared to other money markets, but investment in banking would prove satisfactory and safe investment.
Regards
bankbars
Hi Lauren,
I agree with the above post.
I'm 23 myself and I just got into Foreign Exchnage trading. I don't know if that's something you would be into but I've found it to be much safer than the option of investing in companies that might go down the next day lol. Plus the forex market is the most liquid market out there.
Plus I personally have an interest for forex and I traded in different currencies so I made the money I have 'work' for me too hehe
I can recommend my current trader as I've had good experience with them. http://www.wsd-nz.com/ Check them out and see if Forex is your thing =)
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Fri Mar 27, 2009 5:20 am |
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oldguy
Senior Member
Cash: $ 275.70
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Joined: 21 May 2006
Location: arizona
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quote:
Hi Lauren,
There are various ways of investing, but due to the recession period it's risky to invest in any of the money market. But it is recommended that amongst other money markets, Banking and insurance are the best and safest option of investing. you will find various types of banking services and accounts that will match your criteria. You might not get attractive returns as compared to other money markets, but investment in banking would prove satisfactory and safe investment.
Regards
bankbars
Lauren - I am age 70, retired. I would take the opposite approach to the above, especially at age 22. This is an opportunity for you.
No risk products provide near-zero returns - that is by design. Eg, a 4% CD loses 3% to inflation and 1% to income tax. It is used for wealth preservation and is suitable for old guys that are already rich. Conversely, higher risk products provide higher returns, no free lunch.
The two appreciating assets, stocks and real estate, are for wealth building, you can historically get 12%/yr returns while getting tax deferral, thereby outpacing inflation 4:1. If you were to invest $10,000/yr in this manner, you would have $8,500,000 at age 62. Becoming wealthy is slow, boring, requires patience - trading and get quick rich schemes will confound your progress. But no hurry, $8.5M at age 62 should be adequate. IMO, you should be 100% invested in stocks at age 22, no bonds. If available to you, use the 401k to get the match and the tax deferrals - that can literally be worth an extra $1,000,000 to you.
But don't time the market, don't worry about today's economy, or next year's stocks, or even 5 years out - just be aware that it will grow by a factor of 93 in 40 years - or if you get the worst 40 years in our history, your factor might only be 50 and you get only $4M - that is hardly a failure? And if you don't take the risk, it is a mathematical certainty that you cannot become wealthy, you'll just have a CD at age 62.
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Sun Mar 29, 2009 11:23 pm |
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bankbars
New Member
Cash: $ 0.60
Posts: 3
Joined: 09 Mar 2009
Location: india
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hi Tr@der,
I agree with forex trading tends to provide greater returns in comparison to banking and insurance, but trading is always like waves some really and sometimes down the ground, but banking insure the safety with normal return, so which one do you think is the better option, either loss whole money at once or be secured ?
Regards
online money transfer
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Mon Apr 06, 2009 12:43 pm |
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