Getting Started Investing is Often the Hardest Part - Answering Service Resources

Home
>
Investing
>
Getting Started Investing is Often the Hardest Part

Getting Started Investing is Often the Hardest Part

There are several reasons people give for not investing their money in things like stocks, bonds, and mutual funds. One reason is that they feel that they don't have enough money to make a serious investment, but a more common reason that many people have absolutely no idea how to go about getting started investing. In fact, if more people understood the basics of investing and had a cohesive plan for getting started investing, more people would do it.

Let's assume that the first reason does not apply to you and you do, in fact, have some amount of money that you'd like to invest. How do you get started investing? You could contact a stock or investment broker and discuss the options that would be best for you. Whether you'll want to do this will depend quite a bit on the amount of money that you have to invest. If it's a small amount, you may be better off seeking some smaller, safer investment than you would be by jumping directly into the stock market. Some people get started investing by choosing simple accounts with their bank. CD's and IRAs make good investments, for example, for medium and long term goals. IRA accounts are intended for retirement, while CDs are time deposits that must remain in place for a set amount of time (often anywhere from as little as a week to as long as ten years) while they earn interest.

If you do go to the stock market, or "graduate to it" after getting started investing in safer accounts, you should resist the urge to buy and sell stocks wildly. One mistake that many first time investors make is they become nervous about the stability of their investment and they watch their stock rise and fall every day. If it drops too much they become afraid that the bottom will fall out and they sell at a lower price than they originally paid. This is a bad idea and works against the reasons they got started investing in the first place. Instead the new investor should "let it ride' and sell only if there is a sudden spike in the price that won't likely repeat. Otherwise, stocks should be a long term investment, especially when someone first gets started investing.

Investment Tips by Mika Hamilton ? Read more free investment tips, tutorials & reviews at http://www.Global-Investment-Institute.com

In The News:

Fidelity hires new head of personal investing
Boston Globe, United States - 11 hours ago
Fidelity Investments has hired ING Groep NV's Kathleen Murphy as president of its personal investing unit. Murphy, 45, will start at Fidelity on Jan. ...
Highest-Level Executive In State To Leave ING Hartford Courant
ING to split annuities and retirement units InvestmentNews
all 4 news articles

UPDATE 1-Baosteel to speed overseas investment, eyes Spain
Reuters - 7 hours ago
By Alison Leung HONG KONG, Dec 5 (Reuters) - Baosteel Group, China's largest steelmaker, plans to speed up overseas investment to take advantage of lower ...
Baosteel May Delay $4 Billion Vale Slab Venture By Nine Months Bloomberg
all 6 news articles

Global Investing Roundups
Money Morning - 7 hours ago
AT&T Inc. (T) said it would scale back 12000 jobs, about 4% of its workforce, between now and the end of 2009 to fight "economic pressures, ...

Telegraph.co.uk
CIC Head Wary of Investing in Western Banks
Wall Street Journal - Dec 2, 2008
Lou Jiwei, who head's China Investment Corp., said the uncertainty surrounding Western banks and the policy decisions that may determine their fate makes it ...
CIC weary of Western banks Thomson Merger News (registration)
China's sovereign wealth fund to avoid western financial firms: report AFP
CIC Now Very Wary of Investment in Foreign Financial Firms ChinaStakes.com
Reuters - In-Forumall 274 news articles

slow and steady investing
CNNMoney.com - 15 hours ago
Investor Daily: During the flat market of 1966-1982, investors who kept investing every month earned better returns. By Adam Lashinsky, senior writer SAN ...

GoldMorgan Stanley, Investing For Deflation, And ETFs Gain By Default
IndexUniverse.com, NY - 1 hour ago
... bonds slip further into negative territory, this article summarising some recent Merrill Lynch research, on investing for deflation, caught my eye. ...

Investing in Pure-Play Companies
Motley Fool - 13 minutes ago
By Selena Maranjian I've written before about the advantages of concentrated or "focused" investing. Focusing your investing attention and dollars just ...

Ball State Investing $17.7M In Emerging Media Reseach Initiative
Broadcast Newsroom, CA - 16 hours ago
By John Eggerton Ball State is in investing $17.7 million in a new Emerging Media reseach initiative. The goal of the initiative, funded with money from the ...

Is Real Estate Investing Our Best Shot at Wealth?
Seeking Alpha, NY - Dec 4, 2008
91 percent of homeowners surveyed by real-estate-services firm Realogy Corp. thought that owning a home was the best long-term investment they could make, ...

Forget the Investing Gene
Motley Fool - 18 minutes ago
Just as some parents will inevitably use this test as the sole reason to keep their kids from certain sports, we sometimes keep ourselves from investing for ...

investing - Google News

Answering Service ResourceAnswering Service Resource