I would like to start some investing. I have $100 to invest but I do not know where to get started.
Where are some places I can go to LEARN how to invest wisely. As well as learning the basics.
If you invest how much were your stocks when you first got them and how much are they know. Dont need to list names if you choose not to.
#1 by Bossman Trl on January 11th, 2011
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you should try investopedia.org
go to simmulator and you can invest fake money and see how it goes up and down
a great way to get started
you can even create a leauge kind of thing where you and people you know can compete for the highest profits
#2 by A nobody on January 11th, 2011
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There are many people just like you that are, or were looking to invest and those that did bought Mutual Funds and/or Exchange Traded Funds (ETFs). One purpose of mutual funds is to help investors like you, who are either just entering the investment world or who have no investing experience. Once you feel you at least have an understanding of investments you should look into ETFs which are similar to mutual funds but are traded on the exchanges.
Mutual Fund companies as well as ETFs have an entire array of products many will fit your needs. You can go to the MSN.Money website
http://moneycentral.msn.com/home.asp
http://articles.moneycentral.msn.com/Investing/MutualFunds_DC/MutualFunds.aspx
it has an entire section on mutual funds and Exchange Traded Funds. Read about the various products and in doing so you will be getting investment ideas and at the same time educating yourself about investing.
You could also contact the funds companies for more information. I have found that Vanguard (http://www.vanguard.com/) & Fidelity Investments (https://www.fidelity.com/)
can meet your needs for mutual funds. The service and information they provide is all free and you will find it helpful.
Get into the habit of making daily visits to some websites like MSN Money and Yahoo Finance. While at MSN following the strategy lab analysts to get a feel for what the pros are doing and why. This site has some basic information for beginners. If any site offers free information, take it.
Other website that can provide instructions and help with procedures and terminology are Investopedia – http://www.investopedia.com/ Stock Charts – http://stockcharts.com/, http://www.investorshub.com/ http://www.1source4stocks.com/, http://www.tradingstocksguide.com/tradin…
Attend all the free seminars you can, just be careful and don’t get pressured into anything you really don’t want or need. Most schools offer courses in finance and economics, but very few will have courses on the mechanics of the investment markets, if they do try taking the course. You may want to consider on-line courses, the New York Institute of Finance use to have such courses. Try to get some fee information from the stocks exchanges they all have (had) free booklets, SIAC and some of the regulators (FINRA SEC MSRB CBOE) may provide some free literature.
You at least have made the right decision to start investing, this is the first big step and it won’t be your last. Keep taking those steps forward and along the way never take the advice from people that are not in the market or try to tell you not to invest.
Good luck on your journey
#3 by intraday stock on January 11th, 2011
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The government grants and scholarships are to pay for your school expenses and living expenses, not for you to invest.
If you want to start investing, you’ll have to earn your own money. When you do invest, consider starting with your own Roth IRA, and chose an aggressive mutual fund featuring stocks and international stock – the risk is higher, but so are the returns, and you have plenty of time to recover from any losses.