Invest on my own or stock broker?

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  • Invest on my own or stock broker?


Answer #1 | 22/12 2013 21:22
Invest in mutual or exchange traded funds through an online investment company, like Fidelity or Vanguard. Plan on investing for the long haul, and don't trade out when your fund takes a little dip. Buy into an index fund, not an actively managed fund, with low expenses and no 12 b-1 fees, or front or back end fees. Vanguard has historically had low cost indexed mutual funds, that rival the low cost of other family of funds exchanged traded funds. You can easily find their web sites and see the many different funds available. Just remember that you are in this for the long haul. The market is in near record territory, so it might seem a little risky to invest at this time, but the real risk is not starting.
Positive: 63 %
Answer #2 | 23/12 2013 00:24
Buckle down limit your contact with people and do the research. If a stock goes down and you've done the research management is strong and you believe in the companies core business invest more. Sometimes people forget how much time and effort goes into research. You can just throw your money around hoping to get luck or be attentive and get your news quick. I'm 24 I started with 8000 and now I'm at 22000. Investing and trading is my life now
Positive: 57 %
Answer #3 | 23/12 2013 01:47
Keep going on your own. Most investment brokers are primarily salesmen. They will say this that and the other thing to get you to buy the investment that pays them the best commission. Then they will never look at your account again unless they are thinking about selling you something else. You may make mistakes on your own but that's OK: mistakes are the best teacher. You will continue to learn and do better over time. Relying on "expert" brokers to avoid that learning curve is very likely to lead to you getting played. Until you choose something leave the money in a savings account. Interest rates are low right now. But the worst thing to do when choosing an investment is to rush your decision. If it takes you six months to pick something out so be it.
Positive: 37 %

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