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Question: Where and how to invest money?

(Posted by: jp on 2010-03-09 08:18:45)

Im 20yrs old and I have some money put away. I would like to use that money to make more money for my future not to mention paying off school loans, however, I have no idea how to invest, the steps to investing, where to invest it. Im completely lost can someone help me?

Posted by: CB on 2010-03-09, 12:34:38

Investing is a fools game.

Posted by: Hoppelemine on 2010-03-09, 08:24:07

That is a pretty open question and requires more of answer than can be given here. There are many different investment methods with different benefits. Most people start by putting money into something like an IRA because of the tax benefits. Try reading up on the subject on some financial websites. fool.com is a good place to start as you don't need any prior financial knowledge to understand it.

Posted by: Commander McBragg on 2010-03-09, 08:24:27

The world is filled with people that will give you investing advice. Everybody thinks they know things. You can't pick who does and who doesn't reliably but if you look around in your own family for someone that seems pretty successful you stand the best chance of getting advice that truly has your best interest at heart.

Posted by: B0uncingMoonman@aol.com on 2010-03-09, 08:26:13

First you need to find a bona-fide broker (company) There are plenty on the Internet. Just google stock brokers (and yr country). When you have decided which broker company to use, you need to transfer some funds into an account with them - can be done online or by phone. The more you can afford to transfer, the more money you can make if you are astute and lucky. Once yr account is set up and working - it is surprisingly simple. But here, no once can really advise you on how to make money. There is no guarantee - shares are rising and falling by the minute and from here, you are on your own. Study and follow the market for awhile without actually investing, to get a feel of how it works. Good Luck. You`ll need plenty of that. Everyone has their own system. I track a promising looking company for a few weeks and if their shares have consistently fallen, that is usually the time to buy. You sell when they are rising - the knack is to sell when they are at their peak - before they suddenly fall again! Or you can leave your money invested, and just draw dividends if they pay any.

Posted by: jamesuppercutt on 2010-03-09, 09:35:24

I'd use a trading system blike BASRB (barclays stockbrokers) or CMC trading. They both have a good number of charts and small difference between the buy and sell value My advice is that you buy in banking over the next year, they will really pay out. Buy it on a Rolling spread. Especially UK Banks for example: Barclays Current share value £3.40, i estimate by the end of the year it would hit over £5 that an income of £1.20 per share. RBS This will be a big earner this year, pre recession prices of this share exceeded £8.00, now their share value is under £0.50, it has recently rised £0.15 from the onlook of good news from the yearly reportI can see this share exceeding £2.50 this year because it may look for foreign investors to buy the shares owned by the government. FTSE 100 and DAX These two indexes are the most safe and because the EU is going to bail out Greece via Greece bonds and their value may increase over 1000 points individually over the next year All of my options i have invested in, and i know that they will rise and make profits. Since the last 6 months i have made huge losses at the beginning but have come out with a huge profit, from experiance.

Posted by: tonypoe on 2010-03-09, 09:43:20

Read the following: How to Choose Investment Opportunities ehow.com/ how_5511704_choose-investment-opportunities.html