Friday, March 20, 2020

How should I start to invest?

Noah Deni: Find a book called "Investing for Dummies". Normally it's $20, but you should find it for $15 or less. It gives you some ideas about what's involved and how to go through it. It won't make you any kind of an expert, and the information isn't even a big secret. But it does take away some of the mystery of the "unknown." The biggest advantage to investing is time. Time for interest and growth to make more interest and growth upon the interest and growth. (Compounding return.) I know of people who've worked 20 years at Walmart who put a little away each week in stock and are now ready to retire with half a million or even a million bucks in worth. Along with their social security AND pension....Show more

Shawn Lelis: invest in a company you have faith in, in a company you could be sure of, and feel ''safe'', you dont wanna invest in companies to just watch'em fall sharply.

Monica Voltin: Go to local banks and ask how much return you will get f! or a Certificate for Deposit. Basically you promise to keep your money in the bank for a certain period of time and when the time is over, you can come back and take your money. When I started doing this I was getting ~5% now I am getting 2%. I am sure you can find something better than what I am currently using though.The benefits of getting a CD is that it is easy, guaranteed money, and only takes 6 months to a year to complete the first time (the maturing process for it)....Show more

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