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01-04-2011, 03:29 PM
Hi, I'm 22, don't have that much money. But the little bit that I have left is just sitting idly. For a new investor with not a lot of money (500 - 1000), where would you put it? Or put it anothe way, what would you recommend a young, new investor start reading up on/studying to make an informed decision?
Thanks.
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01-04-2011, 04:27 PM
Is that in addition to an emergency fund? You know, say a 6 month cash buffer? If you don't have one of those you might want to think about that first.
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01-05-2011, 12:33 AM
Hey man,
You can learn a ton from zerohedge.com . Understand the macro forces at work, and occasionally score a few tips from the commenters.
You should be warned, however. I have been doing my own research on the market for the last 4 months, and it's not pretty. The US stock market, and by extension, most of the world, is being manipulated/inflated by the FED's Quantitative Easing policy, which by extension means you can't work off the fundamentals of economics. You can only try to ride the market distortions created by the FED. If you predict correctly, you can make a lot of $$ or get creamed.
I would also recommend investing in Gold/Silver and other precious metals. They work as a hedge against inflation, and with the relentless debasing of US currency, there is no end in sight to how high these metals can go.
I bought 20 ounces of silver back in Sept... have made over 50% since then. I wish I had 20K to invest in PM's, because you would make a fortune (or rather, you would prevent your money from being debased into nothingness).
Contributor at Return of Kings. I got banned from twatter, which is run by little bitches and weaklings. You can
follow me on Gab.
Be sure to check out the easiest mining program around, FreedomXMR.
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01-05-2011, 09:00 AM
I recommend Zero Hedge too. Don't let all the doom and gloom get you down though. There is money to be made up and down.
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01-09-2011, 04:18 AM
If your gonna invest into anything you should invest in yourself first..honestly earning 7% on $1,000 is hardly worth your time. One of my favorite quote from John D Rockefeller "If you play with pennies, your make pennies. You play with dollars, you makes dollars." not saying you should go out there and blow your money on cheap seminars or get rich quick schemes. But I will recommend that you pick up speed reading and read ALLOT of books.