need investment advice where do i start ?
February 6, 2010 by
Filed under investment advice
do i go with a finnacial advisor or go with one of the online companies.
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Pimco Tax Free bonds will make you monthly income
http://www.pimco.com/LeftNav/Product+Focus/2007/Bob+Fields-+Muni-+03-2007.htm
Be very cautious with so-called “financial advisers” unless you know their reputation.
It is always better to learn how to invest your own money properly yourself. Even if you use an adviser you still should know the basics of investing.
A great place to start for any new investor in vanguard.com.
If you’re looking for advice on investing, the LPQ (logically prior question) is advice on investing in what?
It all depends on how much you have to invest, how much time you can dedicate towards that investment and to a certain extent your age. The younger you are, the more agressive you can afford to be.
Don’t go with a financial advisor. The commissions that financial advisors charge will make it really hard for you to make any money on any of your investments.
I strongly recommend that you buy an S & P 500 Index Fund. You can buy this from any of the large mutual funds. It basically represents the 500 largest companies on the stock market. It’s a great fund.
My favorite mutual fund company is Vanguard. There fees are very low and it is a well established company.
Go to the library and read financial publications and find books on the stock market.
Good luck.
Think of the wealthiest person in your family (hint wealth is not spending money rather one that saves it) Ask them about how they invest, they will give you straight honest answers.
Three things that are nearly priceless to a wealthy person. 1) their accountant. 2) their lawyer. 3) A financial advisor.
Going along with don’t put all your eggs in one basket… Why not try a financial advisor or 2, and do some investing on your own at the same time. See which one does the best over a couple year period.
Some of the best advice is free, but you cannot get a refund if they are wrong.
I would not get a financial advisor unless you are absolutely sure you need one. The information these “experts” give their clients is most often common sense.
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, click on the advertisement on the same page “$4 to purchase stocks”. This will answer your next question, which is, How do I get started? and what is the least expensive way to get started?
I strongly recommend looking into it. They are great plans.
Good Luck
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.
Please feel free to contact me if you have any question, and more info … documents of company,…
I found this web-site a couple of weeks ago. It seems focused on people just like you. Check it out.
http://www.confidenttrader.com/