How To Invest In Stocks
Everyone wants to be financially secure. Alhough your house/condo is probably your biggest "asset" right now you will need to live in it for the rest of your life. Do you want a comfy retirement or a vacation house in the South Pacific? You must invest your savings if you plan to retire richÂ
So lets find out the basic steps in investing:Â
Save. Before you can invest, you need money. Don't start investing until you have a secure job and six to twelve months of living expenses in a checking account, as an emergency fund, in case you lose your job.Â
Read. Warren Buffett made his entire fortune investing, and has lots of very useful advice for real people who want to invest. Motley Fool is an excellent online publication, as are: the Tycoon Report and www.kiplinger.com. Wikinvest.com is great place to find information on companies and concepts in the market. It is also helpful to conduct due diligence on the investment information sources themselves. Check out the performance and advice of websites, newsletters and blogs.Â
Buy a small portfolio of stocks. Blue chip stocks perform well, and are often fairly priced. Stay up to date with different value investing websites such as Motley Fool or Fallen Angel Stocks to see what kind of deals are out there. If you do not have the time or motivation to learn about individual stocks, mutual funds provide a low risk investment that follows the market trends very closely.Â
Invest in a no-load, low expense ratio mutual fund for instant diversification and ease of investing without a broker. Often mutual funds are the best way to go for someone with less than $100,000 to invest. Investigate Vanguard or T.Rowe Price or Fidelity, for examples of such mutual funds.
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