Apr
13
what do you think is the practical and best way of investing money?
ByI want to invest my money first before you are not a small business but know how and what is the practical way. Also, I’m not sure that the credit programs and the acquisition of shares is a bet I lost completely.
6 Comments
April 13th, 2010 at 3:39 pm
Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.
Go to : low-cost-stock-recommendations
.com
Click on the “DRIP’s” Button on the Navigation Bar
These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.
If you decide you are interested in DRIP Plans, I believe there is instructions on the webpage.
I strongly recommend looking into it. They are great plans.
Good Luck
April 13th, 2010 at 4:13 pm
How long do you intent to invest your $ before starting business? And what returns you expect? You sound like someone who wants to make $$ but have no ideas at all.
Well if you are really interested, you can send me and email at dk0821@yahoo.com and we can discuss further from there.
April 13th, 2010 at 4:51 pm
It depends how long it will be before you start your own business. Stocks are for a longer timeframe. You can invest in CD’s, but they have lower rates of interest. If you invest in interest-paying stocks, they are less of a gamble. You need to become knowledgable about it: I suggest you join an investment club (see http://www.better-investing.org) locally, and then you can learn how to invest AND meet people who have money to invest — maybe they could eventually invest in your business once they get to know you. I also agree with the person who talked about DRIP plans – they’re great.
April 13th, 2010 at 5:51 pm
Yes
Dont try shares
But good balanced mutual funds will server your purpose less risk moderate return
hdfc preduntial
magnum balance
FT balanced
ICICI balanced
Reliance balanced
try some of these
April 13th, 2010 at 5:59 pm
Hello,
I opened an account in investment plan from 7 month ago, and have good experience with them.
This company is located in UK. Their major field is Forex.
Shareholders are the best manager account in Forex market.
They pay 3, 4, 5 and 6 % (weekly profit rate),and payment is weekly.
Also they have Referral Program for anyone want to do business that; they are paying 5% (monthly) for total deposit of Direct Referral and 2.5% (monthly) for Indirect Referral.
Note that it is good business opportunity for small investors. it is online and simple.
Please feel free to contact me if you have any question, and more info … documents of company,report of director,…
April 13th, 2010 at 6:56 pm
From Joe on Y! Answers:
You should invest in a diversified mix of stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks as individual stocks are too risky. Most folks have a dificult time buying a properly balanced portfoilio of stocks on their own. They will misbalance their portfolio by buying all small stocks or all growth stocks, or some other misbalanced assortment of stocks. Unless you know what you are doing, it is best to buy mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money aggressively in stock funds, and part conservatively in money market funds and bond funds. Vanguard.com has an on-line questionnaire which will give you an idea of how to do “Asset Allocation,” determining how much to put in each type of fund.
If your company offers a 401K plan at work, try to invest the most you can. The money grows tax free, and some companies will match your contribution. Investing in a mutual fund IRA is also a good idea. If you have children, you may want to consider a 529 plan or other college savings plan that grows tax free.
I like index funds. Because of their broad diversification, you are less likely to have a dramatic drop in value. They also have the lowest expenses. For stock funds, I would suggest putting ~70-80% of your money in the Vanguard Total Stock Market Index Fund. and ~20-30% in a foreign stock index fund. However, there are many different opinions out there on what the best mutual funds are. Read the links below and form your own opinion.
Buying a house instead of renting will save you a lot of money in the long run. You don’t have to pay rent and you build equity in your house instead. Buying rental property can also be a good investment. However, being a landlord can be hard work, and many people are not good at it. If you don’t know how to handle deadbeat renters, you can have trouble.
If you have high-interest debt, like credit cards, it is best to pay this off first before trying most of the investment ideas above. You should also have 3-6 months of salary saved up as an emergency fund in a bank or money market fund before trying more risky investments.
Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.
Sources:
http://www.vanguard.com/VGApp/hnw/plan...
http://www.fool.com/school.htm
http://sec.gov/investor/pubs/assetallo...
http://www.diehards.org/readsites.htm
http://finance.yahoo.com/education/beg...
http://finance.yahoo.com/funds/basics
Asset Allocation Calculators
(Determining how much to put in stocks and how much into bonds and money markets is a personal decision depending on your financial status. These Asset Allocation questionaires give you a rough idea how to do this. I like Vanguard best, but try some of the other sites as well.)
https://flagship.vanguard.com/VGApp/hn...
https://ais2.tiaa-cref.org/cgi-bin/Web...
http://www.ifa.com/SurveyNET/index.asp...
Web forum: http://www.diehards.org/
(Many investment web forums are overrun by scam artists. This one seems the most legitimate site.)
529 plans: http://www.savingforcollege.com