0
What are some investing tips for someone who has not invested before?
Wiki User
∙ 16y ago
== == Take some courses in investing. Better yet, take the securities course. In Canada it's called the Canadian Securities Course. This course is expensive, time consuming, arduous, and not for the faint of heart. When you pass this course (It will take about 12 to 24 months part time study) you will know enough to be confident and dangerous. Then....
Seek professional advice from a reputable advisor who in not affiliated with a bank.
Don't do it on your own. You think you know how, but trust me... you don't.
The course will give you enough knowledge to avoid swallowing bad advice from the advisor. What is bad advice? It is advice that is geared towards maximizing the advisors commissions.
Then ask the advisor for a few conservative balanced mutual funds. (You can do this before taking the course if the advisor is someone you trust)
(If he/she fails to tell you about the advantages of front load funds, find another advisor).
Start investing regularly (monthly) immediately.
Ignore the market, and NEVER listen to CNN.
Cheers
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What are some issues to consider before investing in another company?
You should consider whether a company is stable before investing in it. You should also consider what you will lose before investing in another company.
Where can one find some tips on market investing?
Tips on market investing can be found in publications like The Wall Street Journal, The Charles Schwab website, and an independent broker. Market investing is a risk so make sure you know what you are doing before investing.
What are some of your best penny stock sites available for people who have never invested in stocks before?
Penny Stocks is a viable option for people who would like to enter the investing world but have little knowledge on it. The website is called Hot Penny Stocks, and they explain the system on the site.
What are some dangers of money market investing?
The use of money market investing comes equipped with some inherent risks. These risks include: the chance of losing the principle or the original sum invested, losing any interest that is earned through inflation, and the possibility of having to keep adding more money to the account.
Do you have any day trading tip for kids?
The biggest tip is that you can try it without actually investing money. Allocate some fake money to yourself, and then follow stocks as if you'd invested with them in order to get some free training in.
What are some things to consider before investing in 401k's?
How long will it be before you retire? If retirement is a long ways away, then invest in an agressive plan that will earn more, Decide how risk-averse you are before investing in a particular 401K plan.
What are some tips on investing money?
One good tip on investing money is to pay off all of your debts before investing money. You want to be debt-free as soon as possible. Another good tip is take advantage of matching funds in your 401K.
What are some dangers of investing in money market mutual funds?
Money invested in money market mutual funds may not earn enough to keep up with the level of inflation. They are not usually government insured which means there is an element of risk.
What are the benefits of investing online?
The benefits of online investing are you get into what's available quicker, you can move your money around faster, stay up to date with what's happening easier, and there aren't any fees if you do it on your own.
Is purchase of a computer investing cash flow?
Purchase of computer is investing activity, investing activity included when invests in some other company.
What are some considerations before investing in a new Chevrolet car?
Some considerations before investing in a new Chevrolet car include your storage and transportation needs, how many seats you will need, safety and reliability features of the car and pricing of the car. Make sure you can afford to purchase the car by budgeting out how much the payments would be with your other bills factored in.
What are some of the risks involved in investing in Bonds?
Bonds are one of the most preferred investment instruments for the risk averse investor who wants a decent return on investment (ROI) and capital preservation at the same time. Bonds are debt obligations which pay out a fixed interest on the invested sum and pay back the whole invested principal at maturity. Unfortunately, Bonds are not so straight forward as they might sound. There are many risks involved in investing in Bonds. These risks can cause losses to the investors bond portfolio and defeat the whole purpose of capital preservation. Some of the risks involved in investing in Bonds are: 1. Interest Rate Risk 2. Re-investment Risk 3. Call Risk 4. Default Risk & 5. Inflation Risk
