Investing tips/ resources?
i have some excess money that i need to invest. i started an IRA with USAA in april, investing in one of their mutual funds (USCRX) but it hasnt been doing very well. ive heard that an 8-10%/year return is realistic for long term ventures, but so far i havent come close to that with this fund. i dont want to bail on it prematurely, but if it doesnt start doing much better, it doesnt seem worth it. if anyone has any advice on how and where to research good investments, good advice on investments from experience, or advice on good companies to invest through (ie ameritrade for stocks, major banks for CDs, etc.) i would greatly appreciate it.
I currently have close to 6k in my IRA, and 8K in a savings account, and i put away about 800/month. thanks for your help! :D
- Hoa NLv 61 decade agoBest Answer
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 74,000.00 and 30000.00 in taxble account. by follow simple rule
- 1 decade ago
I HAVE BEEN TRADING CURRENCY FOR A WHILE FOUND THAT IT IS WAY MORE LUCRATIVE THAN STOCKS SO IF YOU ARE INTERESTED IN CHANGING THE WAY YOU LIVE AND WANT MORE FROM LIFE,THAT NICE CAR, BIG HOUSE, THEN MAYBE YOU SHOULD INVEST IN CURRENCIES, I WILL TELL THAT I STARTED OUT WITH ABOUT 5000 INVESTED AND I MADE AN ADDITIONAL 4000 IN ABOUT 3 MONTHS. http://www.easy-forex.com/Gateway.aspx?gid=18712
- 1 decade ago
Take a look at www.quarantz.com Their website is under revision at this moment, but I heard it'll be back in full in a couple of days.