MonkOFox
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Joined: 26 Aug 2010
Location: Texas
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I've just finished school in January of 2009. I'm 24 and after little over a year of working I have right at 20k saved up.
There are some questions I have, the first being, are CD's something to look into? I've also been looking into IRA's (traditional and ROTH) but are they high(er) interest accounts? Or is an IRA just an account with special tax privileges?
I've been reading briefly on different companies you can open brokerage accounts with, like Charles Schwab and Fannie Mae. It's all kind of overwhelming really, as far as the different types of accounts, hidden fees and etc.
Are there any good books anyone can recommend so I could go about educating myself on stock/bonds/mutual fund mechanics (stock market mechanics I guess)? I would just like to know more about the whole process before I delve too deeply.
Thanks,
Justin
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Thu Aug 26, 2010 2:45 pm |
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coaster
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Justin, welcome to the forum and
WELL DONE!!
on your saving accomplishment saving thus far!! 
I'd suggest the book "Investing for Dummies". Not because I think you're a dummy; because it's actually a pretty decent primer.
~Tim~
Eye Candy : Why Whimsy
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Fri Aug 27, 2010 1:31 am |
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MonkOFox
New Poster
Cash: $ 0.45
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Joined: 26 Aug 2010
Location: Texas
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Cool, I'll go to booksamillion tomorrow and try to pick it up.
Thanks again for the help!
Justin
p.s
and thank you : )
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Fri Aug 27, 2010 3:45 am |
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globaldoc2001
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I read the book Investing for Dummies. It is really a good and practical book for you. I think it would be very perfect and ideal for you to have your hands on that book before you even go to any other books.
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Tue Oct 18, 2011 5:55 am |
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payment proof
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Reading up and learning about investments is always a good idea. But I'd also recommend speaking with a financial planner. Some banks and credit unions have financial planners on staff, so that would be a great place to start.
See Proof. You can make free money online.
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Fri Oct 21, 2011 9:51 pm |
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globaldoc2001
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Reading, and getting to learn more are the fundamental start for an achiever to start with his path to excellence. My thumbs up for you, as it seems you are on your way there.
Business Tax Filing
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Sat Oct 22, 2011 8:30 am |
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tigerarmy
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few books I suggest:
- Investment - How The Stock Market Works
- Williams, Larry - The Secret of Selecting Stocks for Immediate and Substantial Gains
- 7_Habits_of_a_Highly_SuccessfulTrader
- 10 Minute Guide To Investing In Stocks
- 25 Rules Of Trading
- Elder Alexander - Trading for a Living
good luck
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Tue Oct 25, 2011 8:02 am |
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coaster
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Those are excellent books ....
... for traders ....
... and as I spend an inordinate amount of time on this board pointing out the differences between trading and investing ....
... I, sigh ....
.... need to point that out yet again.
Trading is not investing and investing is not trading; and thus books that are excellent trader's books are not suitable for investing, which is what I believe the OP has in mind to do.
~Tim~
Eye Candy : Why Whimsy
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Wed Oct 26, 2011 6:16 am |
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tigerarmy
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here is a book or two on investing:
Daniel A Strachman - Essential Stock Picking Strategies
Damodaran,.Aswath.-.Investment.Fables
Real Time Stock Streamer
Free App on Android Market
https://market.android.com/details?id=realtime.stockstremer
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Thu Oct 27, 2011 6:11 pm |
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payment proof
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Reading up and learning more is always a good idea. And there are a lot of great reading suggestions in this thread. But again, I'd also recommend speaking with an experienced financial planner.
See Proof. You can make free money online.
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Mon Oct 31, 2011 1:17 am |
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Anthia
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Thanks buddy.
Good post.
No fake signatures - thanks
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Fri Nov 04, 2011 6:19 pm |
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john bradford
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As you're in a learning phase right now, let me suggest
Rule#1 by Phil Town
The Little Book that Beats the Market by Joe Greenblatt
These books present easy to understand fundamental truths about investing.
But don't discount technical analysis and trading. Put those topics on your research list for the future. And while you're add it, you should learn something about options to reduce your risk in the market. But those are future topics... start with Rule#1.
John
Options guru, John Bradford shows you a simple trick for dramatically reducing the risk you face in the market today: http://GetWealthDirection.com/free
New to the market? You need my new course, Investing Easy. http://GetWealthDirection.com/easy
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Sun Nov 20, 2011 4:43 am |
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abbysmith899
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Location: USA
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if you want to earn more from this money then i think you can use this money on share market. I think that is the best place from where you can get large amount of profits in a small investments
Merchant Cash Advance
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Mon Jan 16, 2012 5:18 pm |
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