FundRobot » Best Funds » investing advice for beginners?

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Old   #1 (permalink)
 
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Default investing advice for beginners

One do not put money in a CD!They are a ripoff.Start learning about trading first because there are a lot of different things to invest in to make money.Options,binary options,stock,futures,etc. I have traded many different things but like options the best.Just started trading binary options on stockpair but there are other companies.Best thing to do is educate yourself first.

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Old   #2 (permalink)
 
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Default investing advice for beginners

Never invest anything you cannot afford to lose.
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Old   #3 (permalink)
 
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Default investing advice for beginners

What would be a good way to start building money from scratch? I don't mean like have a piggy bank or something like that, but how to start off with an individual brokerage account. Like starting off with buying a few shares from some stocks or start off with a mutual fund. And then after I build a certain amount, maybe start a CD or something. Any advice how to start off?
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Default investing advice for beginners

Do not invest money in anything until you know the field you will be playing in. There are online tutoring , also books and Dvds. All are pretty good but as an entry level. You have to enrol in a class if you really want to learn. but be careful. phone the nearest stock market and ask if they know about courses for investors.
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Old   #5 (permalink)
 
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Default investing advice for beginners

Look on investment websites for tutorials and advice before you do anything for real. Try Fidelity.com, TD Ameritrade, Scotttrade, ETrade, etc. You can even set up a pretend portfolio for practice and see how you do as you learn. You can do stocks on your own or buy into a mutual fund, which is probably safer because they're managed by people who are knowledgeable about the stock market. I have an IRA account that is partly mutual fund and partly stocks that I trade myself. Forget the CD idea; it doesn't pay enough interest to keep up with the cost of living; same with a savings account. Do the research and you can do really well with individual stocks as well as mutual funds.
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