FundRobot » Bond Funds » How to invest money! Help?

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Old   #1 (permalink)
 
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Default invest money help

Okay so I'm 17, looking to progress from my job I have been at for 7 months, not great at saving money I could save quite a bit what's the best option hopefully I could leave my job soon and progress into bigger things stocks and shares I'm not sure what's the best option for me to invest cash what's a smart move please help


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ForexCash10 is offline   Reply With Quote
Old   #2 (permalink)
 
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1. Don`t spend money. Any fool can spend as it requires no discretion. Buying is an art and skill . You will never see a job advert for a Company Spender , but often for a Company Buyer. Other alternatives are investing, donating and gifting , but never spending.

2. Build up a saving fund ( grubstake ) and borrow your own money when needed , repaying yourself at commercial rates i.e. for 10 borrowed replace with 11. This will gradually increase funds for you instead of making others rich. It will sharpen financial responsibility.

3. Imagine a Premium Bond prize of 100,000 and run a Virtual portfolio with 5000 in each of 20 FTSE 100 stocks . Trade at least one stock per week.
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Old   #3 (permalink)
 
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I'd strongly suggest staying out of the stock market right now... there isn't any regulation at this point. Most sources expect a 50% or more downward correction in the stock market fairly fast.

Stay the course in building your resume and keep only enough money in the bank to pay bills... the rest hidden in cash and silver bullion. It won't be long before the LBMA and COMEX default on all the millions of silver and gold shorts they have out there and the spot price will be irrelevant. That means that the true free market price discovery of gold and silver will be set free, and you could easily be seeing $500 silver and $4,000 gold.
ForexCash10 is offline   Reply With Quote
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"hopefully I could leave my job soon and progress into bigger things stocks and shares"

If that is to do day trading, forget it, the only people who make money day trading are the brokers who are sat taking a little off each of your transactions.

I have a friend, he was on channel 4 in UK back in 2006, he was doing day trading, in November 2006 he made 25,000 in the one month, he had started with over 500,000 he had made from Property rentals.

I saw him about 2 years ago, he was down to his last 95,000 and was looking to buy a property to renovate.

He has just moved house into another and is now buying a couple of houses to renovate and hopes to do about 4 or 5 this year, and make some decent do$h back, and avoids the day trading, the month after he made the 25k he lost 26k.

I also have another friend, he only had about 20,000 to start with, but gave up when he was down to his last 2,000.

Actually he had done the correct thing with some of his money, more by accident he had bought 2,000 of BT shares and left them alone for 5 years, when he sold out he had nearly all his money back, just short of 18,000.

And there is the key, if you want to make big bucks, have a steady job earning money and just buy shares as a hobby and leave them alone. Also have the interest paid in more shares, and leave them accumulating, because compound interest kicks in.

You look for a FTSE 250 share with prospects, and companies with a high amount of R & D, also they need to be paying a reasonable dividend, then have the dividend paid in more shares, and leave alone for 5 or 10 years, and you will see the value really increase.

Always invest in more than 3 or 4 shares and never buy and sell short term.

Day trading is for fools, some are lucky but they all have their luck run out.
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