A young man need to invest their money too for their wealth. Here are the ways to start the investment.
Starting investment is not too difficult. Sometimes we confuse how to start it. As a rookie, you can learn from books, booklet, journal, bulletin, internet, teacher, or others. You can buy investment book or hire at city library. Learn detail the investment. You may find investment could give you return and risk. Before investing, you should familiar with basic investment.
Learn how ones could gather money from investment. Study what their do to reach wealth. They know when to start investment and how to start investment. Ask your parents, friend, family, teacher, and lecture about investment. This may help you. Do not be shame. You can find information from looser investor by asking why they loose. You must be careful lest touch their feeling.
Find Investment manager or broker that has good reputation. You can find any information from media for instance television, newspaper, magazine, journal, website or blog. You may fine recommendation from your lectures, parent, friend etc. Ask their prospectus and financial statement. A good investment manager will give advice and knowledge about investment to you. The good investment manager can be measure by investor who success under their management. Consequently, you shall pay fee for investment manager and broker. Find investment manager and broker with lower fee that may not reduce your profit.
Buy mutual fund. It is good solutions for rookie investor. Rate of return mutual fund exceed Certified Deposit. You do not bother to construct portfolio because investment manager will help you to win the investment. Mutual fund provides experience investment manager that have knowledge about investment circumstances. Although reputation Investment manager is terrific, that is not guarantee your mutual fund has profit. Sometimes investment manager performance is under market performance. Rate of return mutual fund is under market index like Standard and Poor’s 500, Wilshire 5000, Dow Jones etc.
By taking mutual fund, your investment has diversified. You can buy Microsoft stock, Google stock, Yahoo stock or other dotcom stock in one specify asset bunch portfolio. Balance fund that contains many investments like stock, fund, money market may you considered.
Alternatively, you may find penny stock. Penny stock’s price is not more than $ 5. The penny is very risk but it could give you high return. Analyze carefully the penny before you decide to buy.
Limited money cannot barrier you to buy mutual fund. You may invest variety stock, bond, precious metal, money market, index etc.
Published in: Personal Finance