Hey Y'all,
I graduated from my university last Spring and have been working for a couple months. I make a decent salary and wanted to look into investing in stocks/mutual funds/bonds ect. I have no prior experience with personal investments.
Do you guys know of good internet websites that provide good tips on investing as a beginner or have tips yourselves?
The internet can be a tricky place to learn as everyone offering information has their own agenda and usually trying to sell something (brokerage service, seminars, etc.).
I wouldn't rush into anything just yet. I'd look into the following books:
There are tons more out there but this is a start. These are value investing focused. Unless you have an edge or you generally enjoy researching this stuff it may be easiest just to invest in an index fund...although given the performance of equities over the last 18 months that may not be a great idea right now.
tip 1 - start with investing in a roth ira, you can contribute 5k - 5.5k yearly with tax free capital gains and dividends tip 2 - diversify - buy stocks in different companies in different industries tip 3 - identify your investment goals and look for stocks that help you achieve that i.e. I wanted a stream of income for the rest of my life so i bought high dividend yielding stocks i.e. SO, T, TWO etc. tip 4 - if you read the wsj - you can tell what happened to your portfolio before you even check.
good luck bro lemme know how it works out
I appreciate it guys! I will def. look into those books and and index funds, compinvbanker
And yelloweat those are some good tips. I have already started investing in a Roth IRA and I will look into the other things you suggested and begin to analyze my investment goals.
I also have a friend who recommended investing in a Universal Life Index Insurance plan (he's probably just trying to sell me this product, but it seemed like a good method as well). He said it could be used as a tax free investment vehicle similar to the Roth IRA, but that you would be able to take out fund out of this at anytime.
Does anyone have an opinion on Universal Life Index Insurance being used as an investment vehicle?
read reminisces of a stock operator. It'll teach you NOT to take tips or anything of the such. Do your own research, and if you don't fully understand it, then DONT invest.
there is no easy money anymore, and FED has a HUGE influence on the markets right now, so understand how they work
few people sat out the dotcom boom in 2000-2001 or the CDO problem in 2008, they were the wise ones cuz they didn't understand those products/or knew there was a bubble
All in on Bitcoin / Lightcoin / Namecoin / Feathercoin
Quia eius delectus qui quo aut. Esse deleniti est placeat recusandae et nostrum quis. Rerum magnam et pariatur eaque nemo voluptatem molestiae.
Qui odio officia aut praesentium error voluptas. Architecto nam illo est molestiae quis eius. Et fuga voluptas esse labore.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...