Looking to get started investing

[QurazyQuisp]

Put it into an indexed mutual fund. Why indexed? because nearly every year they beat managed mutual funds. Humans just aren't as good as computers.

 

[Brainonska511]

How about opening a Vanguard account?

 

[Anonemous]

Put into a roth IRA either at Vanguard/Fidelity/whatever your choosing and just let it sit and accumulate till you're 59.5.

 

[LegendKiller]

Putting all of your money into one stock is an easy way to lose money. It's bad investing and eventually catches up with you.

 

[vi edit]

Originally posted by: LegendKiller
Putting all of your money into one stock is an easy way to lose money. It's bad investing and eventually catches up with you.

That's why you start collecting a large portfolio of good dividend earners over your 20-40 years prior to retirement. Roth 'em and let em grow tax free.

When you get to the point of retirement you can use the dividend for expendible income and slowly spin off your appreciated shares for larger purchases if need be.

I was regularly working with clients that had portfolios of 2000 shares of INTC, 3000 shares of Wells Fargo, 2500 shares of Pfizer, ect and pulling in $1000+ a month in dividend income.

It's interesting talking to guys with 3+ million dollar portfolios when you are a 45 minute long tech support call

 

[yobarman]

please if you are the least bit serious about picking your own stocks, you should do some research on the subject. And by research I mean read some books.

The Warren Buffet Way <--Essential

The Motley Fool investment Guide -<--Great for a begginer.

 

[AnonymouseUser]

Originally posted by: Schfifty Five

Originally posted by: vi_edit

Originally posted by: AnonymouseUser
You guys are gonna get killed with INTC...

Glad to see you wear your biases on your sleeve...or at least your sig.

He's just one of those who thinks that just b/c gamers on ATOT all like AMD, that it will make the stock go up higher. Or maybe it's just that he heard how much faster AMD chips were for gaming so he bought one, and then now thinks that Intel will crash and burn.

Just bought some AMD yesterday in anticipation of today's news. I had a gut feeling about this one.

INTC is down ~5% and AMD up ~13% in after hours. Tomorrow will be another brutal day for INTC.

 

[flashbacck]

If you don't want to do research on individual stocks, just buy index funds. It provides automatic diversification, they are low expense and outperform the majority of mutual funds. I would buy index funds that track the Russell 2000 (small cap index), S&P 500 (companies that supposedly represent the economy) and maybe the Nasdaq (generally weighted towards tech stocks).

 

[Deleted member 4644]

May I suggest Scottrade? They are only $7 per trade, regardless of amount. Also, you get 3 free trades if you get a referral code. I would go with an index fund or something similar. I personally just bought Vanguard's VWO, but I cannot and will not say that it is a good buy right now.