| Help! I don't know how to invest |
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HIflower
First Time Poster
Cash: $ 1.27
Posts: 1
Joined: 27 Oct 2004
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| Help! I don't know how to invest |
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Help!! I am a college student currently looking to invest, but don't really know where to start...any ideas? I am interested in Urban Outfitters, Yahoo!, and Google. 
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Wed Oct 27, 2004 7:56 am |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 795
Joined: 19 Sep 2004
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Glad to hear you are wanting to invest at an early age.... Are you wanting to invest in stock market (higher risk but chance of higher return) or you looking for gauranteed return good interest bearing savings account or CD's???
How much do you want to invest? Do you have any accounts setup that you can trade on?
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Wed Oct 27, 2004 11:19 am |
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Andrew
Admin
Cash: $ 467.10
Posts: 1717
Joined: 02 Nov 2003
Location: Texas
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| ShareBuilder |
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You might want to check into ShareBuilder, it's a really great program for getting into investing in stocks. They make it very easy to get started, just click the "Time to start investing banner?" on our front page to take a look.
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Wed Oct 27, 2004 2:24 pm |
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BlankenshipFP
Money Talk Advisor
Cash: $ 79.56
Posts: 390
Joined: 05 Oct 2004
Location: Illinois
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I suggest that you spend some time and effort learning about investing before taking a leap into the individual stocks that you've mentioned above.
For example, you might read a few books, such as:
• The Richest Man in Babylon, by George Clason
• A Random Walk Down Wall Street: The Best Investment Advice for the New Century, by Burton Malkiel
• The Only Investment Guide You’ll Ever Need, by Andrew Tobias
• Bogle on Mutual Funds: New Perspectives for the Intelligent Investor, by John Bogle
You're in a position to develop a solid foundation of financial acumen, which will serve you well throughout your life. Take advantage of this point in time to learn all you can, and then apply those lessons diligently.
Remember, Rome wasn't built in a day. It may seem like building a fortune using the concepts you'll learn in the books I've mentioned will take forever, but you'd be surprised at how quickly things begin working in your favor. Just keep in mind, most concepts and schemes to "get rich quick" ARE in fact, too good to be true. Beware of them.
Good luck!
Jim Blankenship, CFP�, EA
Blankenship Financial Planning, Ltd.
www.BlankenshipFinancial.com
Standard IRS Circular 230 Notice Applies
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Wed Oct 27, 2004 3:00 pm |
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xboxundone
Senior Member
Cash: $ 67.83
Posts: 795
Joined: 19 Sep 2004
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quote:
Originally posted by BlankenshipFP
I suggest that you spend some time and effort learning about investing before taking a leap into the individual stocks that you've mentioned above.
For example, you might read a few books, such as:
• The Richest Man in Babylon, by George Clason
• A Random Walk Down Wall Street: The Best Investment Advice for the New Century, by Burton Malkiel
• The Only Investment Guide You’ll Ever Need, by Andrew Tobias
• Bogle on Mutual Funds: New Perspectives for the Intelligent Investor, by John Bogle
You're in a position to develop a solid foundation of financial acumen, which will serve you well throughout your life. Take advantage of this point in time to learn all you can, and then apply those lessons diligently.
Remember, Rome wasn't built in a day. It may seem like building a fortune using the concepts you'll learn in the books I've mentioned will take forever, but you'd be surprised at how quickly things begin working in your favor. Just keep in mind, most concepts and schemes to "get rich quick" ARE in fact, too good to be true. Beware of them.
Good luck!
Yes take your time getting started. Nothing like ahving some cash, making a poor choice and then having nothing  . But you are young so you can take more risks just take knowledgeable risks 
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Wed Oct 27, 2004 5:25 pm |
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