i'm looking to ivesting 5k of my income tax money
first time investor
first time investor
Investors Explain ShareBuilders
- Thread starter Dan Freeman
- Start date
Bump
get a financial advisor for the simple reason that you are a novice. You don't want to take someone's information, and you follow it only to lose your cash.
Whats your Question ?
I do NOT see a real question above in your post.
But if you have 5K that you want to invest for the LONG term and not the next 30 days.
Walk in the the nearest Brokerage, RaymondJames, Merrill lynch, etc. Open an account ( just like at the local bank ) and put your money into something real.
Like most any mutual fund or Buy - NYX - or anything that you want to put your money into
NYX is the tracking stock for the whole New York Stock Exchange
That way you can watch the evening news and hear that the Dow Jones was Up or Down for the day or the year and quickly know that your money is going up or down.
Just know that there is NO Guarantee with the stock market
Put your 5k down today and this time next year, you Could have 9K in the account or you could have 3K in the account. But if you do Not panic, By 2010 if you put the money into something real then you Might have over 20K in the account.
I do NOT see a real question above in your post.
But if you have 5K that you want to invest for the LONG term and not the next 30 days.
Walk in the the nearest Brokerage, RaymondJames, Merrill lynch, etc. Open an account ( just like at the local bank ) and put your money into something real.
Like most any mutual fund or Buy - NYX - or anything that you want to put your money into
NYX is the tracking stock for the whole New York Stock Exchange
That way you can watch the evening news and hear that the Dow Jones was Up or Down for the day or the year and quickly know that your money is going up or down.
Just know that there is NO Guarantee with the stock market
Put your 5k down today and this time next year, you Could have 9K in the account or you could have 3K in the account. But if you do Not panic, By 2010 if you put the money into something real then you Might have over 20K in the account.
I would drop it into SPY, a stock tracking the S&P 500, the return was 14 percent last year. If you would have gotten into SPY when the market bottom out after 9/11, you would have made a killing.
Star is right, you are not guaranteed a return but if you look at the historical data going back to the early 1900, the indexes have averaged a good return.
Star is right, you are not guaranteed a return but if you look at the historical data going back to the early 1900, the indexes have averaged a good return.
Thanks for the information
