Good investments?

[CATCH17]

Anyone got anything they like to invest in or any type of good savings plans out there?

 

[TheKey]

Right now is a very very good time to get into the stock market. A nice diversified portfolio of about $1,000 worth in stocks could pay 10 fold in a few years. As always, it's risky though.

 

[Bigdog]

Now id the time to get into the stock market. If you are in for the long haul and do not need your money, I would suggest a Roth IRA that has low management fees. You want to check out the 10 year return on the mutual fund. Rioths are good becasue you pay taxes now and not later when you probably have more money in it. The younger you start the better it is due to compound interest.

 

[theogt]

Should have got in a couple months ago.

 

[YosemiteSam]

Should have got in a couple months ago.

Don't you love hindsight?

I'm back in, but its only been in about two weeks now and only a small investments. While you are right, getting back a month ago would have been the best time, (well, so far it appears that way) no way would have I done it at the time. There were no consistent gains over time before then. Most gains were wiped out shortly after they were made prior to March.

As for savings plans, 401k (especially of it's employer match) is your best bet. After that, you are probably better off going with a fund of some type.

 

[DIAF]

Also, if you are a beginning investor do NOT go into it with a mindset of "make money make money". When you start out, your plan should be for the long-term. Get with a professional to help you and diversify your investments with a mix of stock, bonds, GICs, etc. Don't fall for the stock/fund with the sky-high return, as those are very volatile. Investing in those is ok so long as you insulate yourself from that volatility by investing in steadier options as well. If you look at this like gambling or a profit opportunity you will lose. If you want to day-trade, make sure you set aside a little bit of money for that and don't raid your main investment funds for it. I see people doing this with their 401ks all the time, and then whine about how the market wiped out their retirement plan and how they no longer trust it and want to cash out etc. etc. Uhm, no, YOU destroyed your retirement by chasing the big $$$s every day/week! Don't be that person!

 

[YosemiteSam]

Also, if you are a beginning investor do NOT go into it with a mindset of "make money make money". When you start out, your plan should be for the long-term. Get with a professional to help you and diversify your investments with a mix of stock, bonds, GICs, etc. Don't fall for the stock/fund with the sky-high return, as those are very volatile. Investing in those is ok so long as you insulate yourself from that volatility by investing in steadier options as well. If you look at this like gambling or a profit opportunity you will lose. If you want to day-trade, make sure you set aside a little bit of money for that and don't raid your main investment funds for it. I see people doing this with their 401ks all the time, and then whine about how the market wiped out their retirement plan and how they no longer trust it and want to cash out etc. etc. Uhm, no, YOU destroyed your retirement by chasing the big $$$s every day/week! Don't be that person!

Don't listen to him, day trade with penny stocks! :laugh2:

 

[Hoofbite]

I'm gonna fire up a ponzi scheme here shortly.......

 

[Yeagermeister]

Buy stock in the company I work for......please ray:

 

[ologan]

Gold..........and bullets!

 

[Bob Sacamano]

can you invest if you don't have money?

 

[the kid 05]

can you invest if you don't have money?

my step dad was tellin me i should look into it. from my understanding you take out a "loan" of sorts yet they take a certain % of your dividends and you can chip away at it when you get expendable money, might look into it even further

 

[DIAF]

my step dad was tellin me i should look into it. from my understanding you take out a "loan" of sorts yet they take a certain % of your dividends and you can chip away at it when you get expendable money, might look into it even further

Eh, that sounds like a very bad idea. If you hit a rough patch or the market freaks for a couple of years (like its doing now) and the value of what you bought dips below the loan, basically you have a short-term depreciating asset ( a person that has to do this to invest in the first place isn't gonna have very many assets, so the terms of the loan will be fairly short, higher interest, and not for a lot of money). And lets face it, if you are taking out a loan to invest you probably are going to have trouble making the payments unless things go just so.

There are three things you should finance in life. Cars, homes, and educations. Anything else and you are asking for trouble. Investing is something you do with money saved and left over. Don't go into debt to do it; chances are very high your returns won't beat the loan. It's just not worth it man.

 

[BrAinPaiNt]

If you decide to get into the stock market I would humbly suggest you do some research first. Look for some companies that have had a history of being stable and has a good track record. You can always buy a few penny stocks to play around with but for your main money put in...get respectable companies and plan to go looooong term. No use trying to go short term right now unless you really know what you are doing and really want to gamble a good deal.

Invest in different types of stocks, don't put all of your money into having multiple companies of the same type...like all different banks or electric or gas companies.

Make sure you try a few different types of companies/businesses aka diversify.

Maybe a bank, you can get one pretty cheap now with a chance years down the road to bounce back in prices. Maybe an electric or gas company....a gold or gold mining stock. Walmart or something like that, you can also get into drug companies and so on....just mix it up some.

Now...I am in no way a big stock guru...just got into it myself a half a year ago or so but I did do a great deal of research and got what I considered to be quality companies and also got a couple penny stocks just to play with.

Even after the prices went down, as I should have waited another month to buy, they have rebounded a good deal and I am in the plus side of things and imagine will have a nice turn around. Just got to be patient with the stocks I bought for long term and if I get antsy I just traded in and out of the penny stocks.

I would not go out and get a loan as someone suggested. I would save up money enough to get a few stocks now and then save up for a little bit and buy more and so on.

The dividends you get are not going to be much unless you put a large amount of money into the stock so if that is your plan to pay off a loan it does not seem to be very wise IMO.

Hope that helps out some.

 

[CF74]

Raw land, they just don't make it anymore.