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young and wanna invest a lil
- Thread starter gixxerman
- Start date
eeyoreofborg
Banned
I'm not an expert but have dabbled a little. If you're investing in Stocks, I'd wait a year or two for the market to bottom out. In the meantime, read about options. Now is a REALLY goodtime to buy real estate as long as you're sure you can afford it. (Don't get a zero down loan, hehe)
flex229
New member
just wait around patiently...the market is tanking....some stocks will be cheap soon...you'd probably want to load up on some high-quality, blue-chip names, meaning big companies who have strong brand names and have been around for a while. (names like GE, Pfizer, Coke, Exxon, Proctor and Gamble, Bank of America come to mind) . try to diversify,,meaning have money spread throughout different industries in order to minimize risk.
or you could go a different route and buy a few mutual funds....try Vanguard or Fidelity to minimize fees and costs. look for no-load funds, meaning you dont pay a fee when you put in money or take out money. say you have $20,000 to invest. a good strategy would be to put $5000 into a domestic large cap blue chip fund, $5000 into a foreign fund, $5000 into an aggressive growth fund, and $5000 into a small-cap value fund. look at the Morningstar ratings..they say a lot about the quality of the fund's management. but remember, positive past results are not necessarily indicative of positive future results when considering these ratings.
or you could go a different route and buy a few mutual funds....try Vanguard or Fidelity to minimize fees and costs. look for no-load funds, meaning you dont pay a fee when you put in money or take out money. say you have $20,000 to invest. a good strategy would be to put $5000 into a domestic large cap blue chip fund, $5000 into a foreign fund, $5000 into an aggressive growth fund, and $5000 into a small-cap value fund. look at the Morningstar ratings..they say a lot about the quality of the fund's management. but remember, positive past results are not necessarily indicative of positive future results when considering these ratings.
flex229
New member
ok, say you have 3000. divide that equally between a quality domestic blue chip fund and a quality foreign fund.
flex229
New member
or you could go this route: sign up for an Ameritrade account,,put all the money you have in there, and just put it all into a Vanguard total market ETF, such as VTI. the trade will cost you like $12, and you'll get a return that pretty much matches with market with no fees whatsoever. that's the easiest way to do it....
sit on your hands a little bit though...wait to see if the market gets lower. you may be able to get in at a better price than you could today.
sit on your hands a little bit though...wait to see if the market gets lower. you may be able to get in at a better price than you could today.
flex229
New member
just ran into this. check it out.
Mutual Fund Investing - Best Mutual Funds List by Money Magazine - Actively-managed funds
Mutual Fund Investing - Best Mutual Funds List by Money Magazine - Actively-managed funds
