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Question: I'm a new investor i looking to invest around 250.00 a week..anyone have a invest plan i can use as an example?

(Posted by: joe c on 2010-03-12 10:38:59)

Posted by: MoneyMonkey on 2010-03-12, 10:42:42

First save up 4-6 months expenses in a Money Market Account for emergencies. Then after you save up another $1000, open an account at Fidelity Investments, and start investing automatically in 3-4 mutual funds. Diversify, diversify, diversify. You can build good wealth over the long haul by steady purchasing of mutual fund shares month after month, and using no-load mutual funds.

Posted by: Seriously now on 2010-03-12, 11:09:11

Invest in a good growth stock mutual fund with a least 10 year record.

Posted by: ag318pun on 2010-03-12, 13:11:41

Money Mon..... answer is good, except I would invest in Fidelities Balanced Fund instead of 3 or 4 funds as it gives diversification and has good returns over the years. You also need to ask a Fidelity rep. aboput IRA's and 401K plans and talk about your age and risk tolerance.

Posted by: William M on 2010-03-12, 14:18:05

Invest into small-cap stocks (not penny shares thats gambling!), but stocks in companies that are just starting to rapidly grow in business. These kind of stocks outperform blue-chips by as much as several hundred percent a year in some instances. Look into it. Anyway, good luck and hope this helps!