My OperaInvestment Advice Stock Pro Tips
Saturday, March 17, 2012 8:07:36 AM
Investing your hard earned money always involves some risk but if you do not start investing then you are putting your own financial future at risk. Money in a savings account in a bank will not earn enough interrest to cover inflation so unless you want to risk your financial future you need to start investing your money now.
For the majority of people who have never invested any money before the idea of investing can be a little daunting. we all have friends who claim to know what is a great investment and other friends who will tell you everything you should not invest in. For a new investor a reasonably conservative strategy is advised. All you need to do is start on your investment journey as you will always be better off than if you do nothing.
If you are a new investor then you are advised to start your investments in a mutual fund. A mutual fund is a fund of money that is managed by investment companies and invested into a wide range of areas. You can choose the type of fund you want to invest in but once you have done this the money is invested for you as part of the pool pf money. You get the advantage of having a diverse investment without having to buy each of the individual stocks or currencies.
Start investing by putting your initial investment into the safest fund they have, which will be called a Money Market Fund. Here you will earn interest in the form of dividends that will be automatically reinvested for you in more shares. You will earn very little interest in 2011 and 2012 because interest rates are near all-time lows (like they are at your bank). But your money is safe and you've taken the first step. Now, you're ready for step number two, which means you will move some of your money and start investing in a fund where you can put your money to work in stocks and bonds. This is easy to do, and you can always call the fund company for help, free of charge.
There are many types of funds but the safest is what is called a balanced fund. These type of funds invest in stocks, bonds and other financial instruments. You should look for a fund that states it has a conservative asset allocation as this will give reasonable returns at an acceptable risk. A fund that is aimed at retirement is usually the safest of these fund types as it will normally invest part of your money in the other funds offered by the company giving a high degree of diversification.
Once you are more comfortable with investing your money instead of just putting it in the bank you can start to look at more exotic funds. Look for a balanced fund with a moderate asset allocation which will give you higher risks but also higher potential returns. Look at the past performance of the funds , although there is no guarantee that they will continue to perform the same in the future you can use it as a guide.
The future might not look like the best time to start investing money, but NOW has never been an easy time to invest (as I've learned in the 20 years I've been helping people invest money ). Don't procrastinate like most people do. Start investing conservatively and expand your wings as you gain confidence. Balanced mutual funds are a great place to start and minimize worry.
mutual funds, investment advice
For the majority of people who have never invested any money before the idea of investing can be a little daunting. we all have friends who claim to know what is a great investment and other friends who will tell you everything you should not invest in. For a new investor a reasonably conservative strategy is advised. All you need to do is start on your investment journey as you will always be better off than if you do nothing.
If you are a new investor then you are advised to start your investments in a mutual fund. A mutual fund is a fund of money that is managed by investment companies and invested into a wide range of areas. You can choose the type of fund you want to invest in but once you have done this the money is invested for you as part of the pool pf money. You get the advantage of having a diverse investment without having to buy each of the individual stocks or currencies.
Start investing by putting your initial investment into the safest fund they have, which will be called a Money Market Fund. Here you will earn interest in the form of dividends that will be automatically reinvested for you in more shares. You will earn very little interest in 2011 and 2012 because interest rates are near all-time lows (like they are at your bank). But your money is safe and you've taken the first step. Now, you're ready for step number two, which means you will move some of your money and start investing in a fund where you can put your money to work in stocks and bonds. This is easy to do, and you can always call the fund company for help, free of charge.
There are many types of funds but the safest is what is called a balanced fund. These type of funds invest in stocks, bonds and other financial instruments. You should look for a fund that states it has a conservative asset allocation as this will give reasonable returns at an acceptable risk. A fund that is aimed at retirement is usually the safest of these fund types as it will normally invest part of your money in the other funds offered by the company giving a high degree of diversification.
Once you are more comfortable with investing your money instead of just putting it in the bank you can start to look at more exotic funds. Look for a balanced fund with a moderate asset allocation which will give you higher risks but also higher potential returns. Look at the past performance of the funds , although there is no guarantee that they will continue to perform the same in the future you can use it as a guide.
The future might not look like the best time to start investing money, but NOW has never been an easy time to invest (as I've learned in the 20 years I've been helping people invest money ). Don't procrastinate like most people do. Start investing conservatively and expand your wings as you gain confidence. Balanced mutual funds are a great place to start and minimize worry.
mutual funds, investment advice
