How do u start investing??

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Posts N' Hos
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May 8, 2008
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I have no idea about investments, but wud like to start as I have had a legit job for a year now. How do you start, u buy a book about investing or soemthing, and also how much money do u need to start?
 

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Oct 17, 2005
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There are books you can buy but I got my start by simply watching CNBC day in and day out for a while. You don't need to be a rocket scientist to invest successfully, just learn the basics like what is EPS, P/E ratio, etc. and most importantly, learn how to read SEC Filings. It's also important to be able to control your emotions, to be able to take advantage of the greed and/or fear of others. It's not easy but is incredibly useful if you can do it. I'm sure people could recommend some good books but I haven't read any so I can't help you there.

I think that starting with anything less than $1,000 is pretty pointless; however, you can start with whatever amount you are comfortable with. Maybe your job offers a 401(k) Plan? Considering you have been there for a year you are either already eligible or soon will be, that's as good a place as any to start.

If you have any specific questions just post em here and you'll get responses, there are some good people who post here and they can help you out.
 

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Sep 21, 2004
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before you start investing you need to look at your situation to see if you are ready to invest.

1. there is good debt and bad debt, good debt is money you owe that charges a lower rate than you can earn... you pay 6% on your mortgage, after deductions the effective rate is 4%... that's a good debt... 18% interest on a credit card=bad debt... get rid of all your bad debts

2. have about 6 months of money saved up in case of an emergency (get fired, hurt.. whatever)

3. max out your retirement accounts

4. Health insurance

5. get your learn on by reading books, wall street journal, and watching cnbc night and day.

good luck
 

Stumblin' around, drunk on burgundy wine.
Joined
Oct 11, 2004
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Invest in your company's 401k up to the match. Then max out a Roth IRA ($5,000/year now).

If you still have money left to invest, then get a few books because you have a lot of options.
 

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