Well I am thinking of starting to invest sometime soon, and I was wondering if anyone has any tips, and or books that I can read up on. Thanks



Kevin

 

You probably need to give a little more information than that !

Are you thinking of investing your money in the bank and just getting interest on it? Or in stocks so that you can watch it disappear on a daily basis? What are you hoping to achieve (apart from a profit!! ) are you looking at short, medium or long term investments? What ball park are we looking at in terms of capital?

 

If it's the stock market you're considering, read "Trading For A Living" by Alexander Elder. It'll teach you about market psychology and clue you in to who and what you're up against when you trade (invest).

 

Sorry I was thinking of investing in stocks and mutual funds. I am looking to investing in the short and long term. As far as capital. I am not sure how much I want to start now, but I know I will invest a little every month.


Kevin

 

lol there is no short term investment with a good return rate. I hope you love 4% interest for the rest of your life, cause thats all there is out there.

 

I recommend reading A Random Walk Down Wallstreet. This is the greatest investment book ever. It will teach you to manage your money smartly.

 

True, there aren't any short term investments with good return rates. There are plenty of short term trades with HUGE returns however.

You can choose to invest in the market for the long haul, which takes less knowledge, or you can educate yourself and choose to cashflow the market with astute short-term trades (1-60 days).

But before you enter any market positions, first determine your risk tolerance and the amount of time you're willing to invest in study. If you don't you'll "pay" way too much in worry and/or lost time to justify the returns.

 

As far as risks, I love taking them. That is no problem for me. As far as investing time to read and learn, well I am willing to take all the time I need. I am only 19, so I really have a long time to learn.



Kevin

 

Elements, get in slowly, start a Roth IRA, get up early every morning and watch CNBC Marketwatch. Get an online trading account. Go to www.stockcharts.com and do the entire chart school. Learn technical analysis, learn what all the terms mean. Learn how to "short" stocks. Pay attention to what the market does every day. Pay attention to the news and how it affects the market. Learn to trade options. And, most importantly, NOW IS THE TIME TO INVEST YOUR MONEY! Buy low, sell high. The market is somewhat undervalued right now so it is a good time to invest.

 

[QUOTE]Originally posted by 4IGS2000
[B]lol there is no short term investment with a good return rate.