HerbertM
08-04-2005, 02:38 AM
I'm concerned about my financial future, and don't want to wait until it's too late to think about these things. I'm a freshman in college at the moment, and I know this might seen really ignorant, but I honestly can't say I know a thing about investing...trading, options, bonds, 401k plans, anything that has to do with investment really. Are there any websites or books that can help get me started in learning about investment and trading? Thanks, I appreciate any answers.
onaxy
08-07-2005, 08:38 AM
Gee- I would suggest taking the into-level Finance class at your University. I know for business majors where I went, it was a requirement anyway. And for others, it would have been a great idea. It was Finance 301 where I went. There are a lot of good books out there on Finance, but the class would be a great way to learn. Personally, one book I would recommend for you is "A Random Walk Down Wall Street" by Burton Malkiel. Its a little older, but helps dispel a lot of Financial Market myths that exist.
mmohied
08-10-2005, 02:38 PM
There is an excellent get-started book: "Investing For Dummies." Its an easy read and covers all the basics. After that, you can read "Dummies" books (or others) that specifically cover mutual funds, stocks, etc., in more detail.
BrianB
08-13-2005, 08:38 PM
If you are in college, there is a good chance that there is a finance club that can help you out. I would check the student center and find out if there is such an organization.If not, Kiplinger's has a great website with free resources and articles that are geared at beginner and intermediate level investors.
I3755
08-17-2005, 02:38 AM
Open a brokerage account at Zecco and I will help you for FREE. (I am a Portfolio Manager with over a decade of experience in the Stock Markets)
PuckDat
08-20-2005, 08:38 AM
try http://goldenbullstocks.com and do your homework
TheShepherd
08-23-2005, 02:38 PM
Standard investment advice is that you should invest in a diversified mix of stocks, bonds, and money market funds. You want to buy a diversified portfolio of stocks as individual stocks are too risky. Most folks have a dificult time buying a properly balanced portfoilio of stocks on their own. They will misbalance their portfolio by buying all small stocks or all growth stocks, or some other misbalanced assortment of stocks. Unless you know what you are doing, it is best to buy mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money aggressively in stock funds, and part conservatively in money market funds and bond funds. Vanguard.com has an on-line questionnaire which will give you an idea of how to do "Asset Allocation," determining how much to put in each type of fund.If your company offers a 401K plan at work, try to invest the most you can. The money grows tax free, and some companies will match your contribution. Investing in a mutual fund IRA is also a good idea. If you have children in the future, you may want to consider a 529 plan or other college savings plan that grows tax free.I like index funds. Because of their broad diversification, you are less likely to have a dramatic drop in value. They also have the lowest expenses. For stock funds, I would suggest putting ~70-80% of your money in the Vanguard Total Stock Market Index Fund. and ~20-30% in a foreign stock index fund. However, there are many different opinions out there on what the best mutual funds are. Read the links below and form your own opinion.Buying a house instead of renting will save you a lot of money in the long run. You don't have to pay rent and you build equity in your house instead. Buying rental property can also be a good investment. However, being a landlord can be hard work, and many people are not good at it. If you don't know how to handle deadbeat renters, you can have trouble. If you have high-interest debt, like credit cards, it is best to pay this off first before trying most of the investment ideas above. You should also have 3-6 months of salary saved up as an emergency fund in a bank or money market fund before trying more risky investments. Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however. Sources: http://www.vanguard.com/VGApp/hnw/planningeducation http://www.fool.com/school.htm http://sec.gov/investor/pubs/assetallocation.htm http://www.diehards.org/readsites.htmhttp://finance.yahoo.com/education/begin_investinghttp://finance.yahoo.com/funds/basicsAsset Allocation Calculators(Determining how much to put in stocks and how much into bonds and money markets is a personal decision depending on your financial status. These Asset Allocation questionaires give you a rough idea how to do this. I like Vanguard best, but try some of the other sites as well.)https://flagship.vanguard.com/VGApp/hnw/FundsInvQuestionnaire?cbdInitTransUrl=https%3A//flagship.vanguard.com/VGApp/hnw/planningeducation/education https://ais2.tiaa-cref.org/cgi-bin/WebObjects.exe/DTAssetAlcEvalhttp://www.ifa.com/SurveyNET/index.aspxWeb forum: http://www.diehards.org/(Many investment web forums are overrun by scam artists. This one seems the most legitimate site.)529 plans: http://www.savingforcollege.com