Investing?

Canada
October 16, 2010 3:21pm CST
My boyfriend once suggested that I would be good at investing as a way to earn extra money. My question is, how and where do I start? How do I know what is best? Does anyone have any advice?
7 responses
@Fats75 (19)
• United States
16 Oct 10
Hi, If you have some money to invest, I would suggest you to buy gold. And by gold I mean bars or coins, especially if you can get your hands on 22 carat. Gold is growing by leaps and bounds, and is the most important natural commodity, besides oil. I think investing in stocks and other such thing is complicated, and is full of risk. Investing in anything is risky, but gold has less risk. Gold prices have always risen over time. Dont let a few dips scare you. I bought some gold 2 months ago, and in 2 months, the price has upped 20,000! So that is my sincere advice to you. :)
• Canada
16 Oct 10
How did you get started?
• Canada
17 Oct 10
It does. Thanks :)
@Fats75 (19)
• United States
16 Oct 10
i was earning well and decided that i had saved enough money to invest in something. i consider 2 things to be worth investing in: 1. real estate 2. gold i didnt save enuf to buy real estate, so bought gold instead. went to the gold market, and bought bars for the amount I had. i hope this answers your question.
@star9212 (10)
• China
17 Oct 10
I think the best investment is investment interest inits own right,as long as you optimistiic about it,is to invese it,believe ther can do it!Come on!(Language problems may be,I hope you can understand)
• Canada
17 Oct 10
I understand. Thank you. :)
@ebuscat (5935)
• Philippines
17 Oct 10
For me if it is big company then why not? and they have the orientation to follow before you can invest them just inquire.
• Canada
17 Oct 10
Great! Everyone has given me a lot to think about.
@puccagirl (7294)
• Israel
16 Oct 10
There are tons of different ways to invest. I guess the stock market is the most common way. But most forms of investing do require some knowledge. So I would not advice you to start just like that. Instead, try to read about different ways to invest online for instance, and once you have found a method you like, read and read and read about that particular method so you know how everything works before you start. I would recommend the stock market or real estate (no matter how small), but it is all a matter of taste too.
• Canada
16 Oct 10
Thanks! :)
• United States
16 Oct 10
I recommend that you contact a reputable stock broker like TD Ameritrade, ETrade or Charles Schwab. Do your homework before making any investments and start small, people who make $10,000 investments are out of my league and unless you have wealth, I can't see being that aggressive in the stock market. My game plan is to own several stocks, make sure that they are profitable, sell ones that aren't and slowly use the money I make to reinvest in more stocks! I'm just a beginner at all this myself but there are websites for investors that can educate newbies and as I said above, do business with a good established broker so your money and personal info is safe and it will give you the best chance at being successful. Good luck!
• Canada
16 Oct 10
Thanks! :)
@marcmm (1804)
• Malaysia
16 Oct 10
I think the best way and the safest is Unit Trust. It just like investing in stock but it is a combination of different stock and share to create one unit plan. It is less volatile compares to stock marketing but the income can be as great as stock market. You make a research for a good unit trust provider and try small investment to start with. Good luck in trying.
• Canada
16 Oct 10
Great! I'll look into it.
@markleob (1902)
• Philippines
17 Oct 10
well for me if you really have money you better invest on things that would appreciate and would not depreciate. just like land....