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| *Ostroff, Fair and Company>>>Investing |
I want to begin Investing, where should I begin? |
what websites and books to read for information I suggest you start reading everything you can get your hands on about investing. Start learning about accounting, taxes, law, stocks, bonds, options, commodities, real estate, entrepreneurship, sales, marketing, advertising, shipping, manufacturing, retail, wholesale, economics and finance. Also, start watching CNBC TV, Jim Cramer's "Mad Money" TV show and the "Fast Money" CNBC Program. FOX news also has some decent programming on Sat. morning about investing. Subscribe to Investors Business Daily, the leading paper used by professional investors, money managers and successful individual investors. If it is too expensive for you, read a copy at the library. Read the news everyday, national, global and financial sections. Start a small business of your own. This will help you in many ways and speed the learning curve about business and investments. Open up a brokerage account with a leading brokerage and fund it. After some homework, start investing in stocks. One of the best ways to learn is to participate, even in a small way. Learn from your mistakes but don't be afraid to make mistakes. The Intelligent Investor by Ben Graham (a classic) Anything on Warren Buffett for openers. Vanguard, fidelity, or motley fool all have great training/information. start by investing in your education. read '48 days to work u love' 'what colour is ur parachute' work that is vocation is more profitable than a job. 'the millionaire next door' 'think and grow rich' poor people who get wealthy all ways become poorer (USBLS) learn to manage /own ur money b4 it owns you. visit daveramsey.com for a common realistic proven approach to money and life. Never put your money where u don't understand how it works or where it is going to increase at a ridiculouss rate. u'll lose it just as fast. ex street urchin, no biz owner http://www.investopedia.com has excellent tutorials http://www.invest-for-retirement.com... has a free book http://www.moneychimp.com has more tutorials Mutual Funds for Dummies by Eric Tyson and The Little Book on Common Sense Investing by John Bogle are excellent books for beginners. First, figure out what you want to invest in. Then learn about rate of return. Learn what the risk factor means. Some C.D.'s,which are usually considered safer than other investments, may pay about 5% annual interest. Personally I've received a 24% annualized rate of interest, over the last 6 years investing in physical Gold right here: http://www.goldmoney.com/ Good Luck! |
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