Good investors please answer. Investment Tips.?
im 22, in college with some disposable income, i already own an rrsp on the go but im looking for a type of investment near a higher let go for the short run. I have some know-how of types of investments but i am looking for someone who is an experienced investor that could provide some guidance.what is the best investment for me?
I have hear of a few such as Forex, RIET's, or even just ING Direct reserves.
Help PLEASE
Answers: You might consider opening a Roth IRA near a broker such as Fidelity. Fidelity is a pretty good investment company. And since I'm assuming that you enjoy already paid your taxes on that money, it would be better to put that money within a Roth IRA since they don't charge you taxes when you pull it out subsequently like a regular IRA does. Another picking might be and investment savings sketch with a company. I know GE have an investment savings details where you can earn nearly 8% interest a year. Although I'm not sure if you have to enjoy family that works for GE. My first consideration would be a Roth IRA next to Fidelity. If you are looking for a higher surrender in the short run, you might consider looking at international mutual funds. They typically own a higher return but they do own a little more risk to them.
The direct of investing is usually this:
1. Your employer savings plan up to the amount where on earth the company matches
2. Roth IRA
3. Balanced stock and bond portfolio.
But you said short possession and most of the above a long-term. ING Direct will give you 4-5% lately on savings and CD's. But I'd recommend you look into municipal nil coupon bonds. Guaranteed rates, you pick the maturity date, and it is tax free. You'd hold to tell me what exactly short-term finances to you, so I guessed at 5-10 years.
Forex would be a good likelihood but only after you've well-read yourself and practiced in a demo tale. I've found http://www.babypips.com to be a good hint for forex education and training.
Also you'll want to find a long residence investment strategy that minimizes your risk in the bazaar. Check out this blog for a hedge strategy that I mull over you'll find very undemanding and simple to understand: http://freedomrocksreview.blogspot.com/ I'm surrounded by my 20's as well and the best entry we have going for us is time. I ponder a lot of citizens are age don't realize that the power of compound interest can build significantly if you start early. Best of luck to anything avenue of investing you choose!
For the short to medium occupancy I'd go for grease, gold, silver, agriculture "softs" and miners.
Gold is the classic stall and you can see it going real complex right now. Silver is on the up but I surmise has a long method to go on the other hand as if often trails gold ingots once the gold bugs bring the jitters and gold slows.
Oil, all right that's only going one process - remember how they all scoff in 2005 when that analyst guy forecast $100 grease...Basically, consumption is going up and supply is not increasing and will start to decline.
Agriculture, China, India etc have huge growing meat emergency. Producing meat = more land required for grazing it and much more for pellet to feed them. Problem - territory is in short supply and despite big harvest loads of it is going into biofuels...This is why you may have notice food prices going up in your local shops - Case within point - I saw a woman screaming at the shop assistant recently over how much butter have gone up. Poor guy, like it be his fault! But that REALLY brought it home.
Miners - vitally rising demand for metals especially copper, gold ingots, silver, uranium, platinum but short supply and you can't just unfold a new mine a short time ago like that, take 5-1ยง0 years. So quality miners are a worthy bet too.
How invest?
I like ETFs (Exchange Traded Funds) for pure resources - Gold, Silver, Agriculture etc - See http://www.ishares.com/splash.htm...
Oil, you can ETF trade it. I also similar to Shell and Gazprom in Russia. Ethical no, profitable...terrifically likely bigtime. Speculative...Falkland islands holdings, Lots of grease around there but knotty to get at...
Miners...not my point so much though I do own some Xastra shares. My main punt here is via the ETFs on what they verbs up. Miners are good if you're appropriate at spread betting though, they go up and down close to crazy short term so are cool for spreads and morning traders if you can call them right!
Forex...you can create a ton from it but also lose tons. This is one to learn going on for in depth first. Maybe start on the shares and build up to derivatives...
What is ETF FUND and how ETF Advantages over Mutual Funds ? Is it available in india?
Answers: ETF stands for exchange-traded fund... you can buy them through any brokerage which allows you to buy NYSE listed stocks. They are much better than mutual funds, as there are no fees (or "loads"), and you can buy entire sectors, industries, or countries yet get in and out as easily as you can with a regular stock.
Exchange Traded Funds..
you can trade in and out of them without penalty.. alot of mutual funds you have to hold for a period of time or they charge you a fee ($45 at schwab)..you know upfront what you're paying / mutual funds you put your order in and the price is determined after the market closes.. you don't know until it's bought. I don't know about india.. ask a broker there.
This article can help you,
Exchange Traded Fund (ETF) - Another Guaranteed Investment Return
http://www.stock-investment-made-easy.co...
What is the role of a Stock Broker?
Answers: Apart from buying or selling shares on your behalf, most advisers or stockbroking firms also offer:
advice on traditional investments such as shares, debentures, government bonds and listed property trusts
advice on a wide range of non-listed investment options (eg cash management trusts, property and equity trusts, etc)
investment plans tailored to your financial needs
planning, implementing and monitoring of your investment portfolio
retirement planning
research on national and international trends to help maximise your returns and minimise risk
In simple terms a Stock Broker is someone who buys or sells stock for an investor.
A stock broker "may" also be an investment adviser. But that is not an inherent part of his function. Depending on the company he works for, he may or may not provide investment counseling or tax advice. At a discount broker, he will place your order and that is usually all he will do. At a full service broker you can also get investment advice. The extent of the advice you get will depend on the size of your account. You get what you pay for!
Depending on the company he works for a stock broker may work on commission or be a salaried employee.
So if you are looking for a broker, first decide how much help you want besides the placing of trades.
Although the primary task of brokers is the buying and selling of securities (keep in mind that the word securities refers to the world of financial or paper investments, and that stocks are only a small part of that world), such as stocks, they can perform other tasks for you, including the following:
- Providing advisory services - Investors pay brokers a fee for investment advice. Customers also get access to the firm's research.
- Offering limited banking services - Brokers can offer features such as interest-bearing accounts, check writing, direct deposit, and credit cards.
- Brokering other securities - Brokers can also buy bonds, mutual funds, options, Exchange Traded Funds (ETFs), and other investments on your behalf.
Personal stockbrokers make their money from individual investors like you and me through various fees, including the following:
- Brokerage commissions - This fee is for buying and/or selling stocks and other securities.
- Margin interest charges - This interest is charged to investors for borrowing against their brokerage account for investment purposes.
- Service charges - These charges are for performing administrative tasks and other functions. Brokers charge fees to investors for Individual Retirement Accounts (IRAs) and for mailing stocks in certificate form.
The short answer is due to regulation. Before 1933 when the Securities Exchange Commission was formed, there was a lot of crooks and investors lost money. The regulations was created to help protect investors.
A stock broker is a registered rep and must passed standardized exams such as the Series 7 and Series 63. Additionally, the applicant for a stock broker must have a clean form U-4, which is a public document and covers ten years of the applicant's prior work history. Keep in mind that the applicant also has to pass an FBI background check such as criminal history. It's no joke.
Therefore, a stock broker is someone who is knowledgeable about investments and has passed the necessary background checks to take your stock and options orders.
On top of buy and selling shares for you , they take the risk when they accept you as their client .
Eg; In Singapore and Malaysia , there is this thing call contra trading .
If you fail to pay for the contra losses , the company will go after the stockbroker once they have tried all the legal means.