Anyone have any good stocks they're investing in for 2013? I plan to invest this year, but haven't trusted stocks before. I'm more financially stable now, so feel like investing. Any suggestions? Also, how much is taken out from taxes, 30%?
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Stocks 2013
- Thread starter Squilly
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Idk, my Nokia and Ford stocks paid off handsomely this past year, but I seldom invest in individual stocks unless I'm really confident they'll be winners. If you're interested in investing and want actual returns over the long term then just buy total stock market index funds and be done with it.
HMV
Jessops
Woolworths
(Probably mean nothing to you in the US)
I have always liked the idea of investing, but I don't know enough about stocks. A friend of mine has quite a decent portfolio and recons on about 10% return. Is this what people earn from stocks on average?
Jessops
Woolworths
(Probably mean nothing to you in the US)
I have always liked the idea of investing, but I don't know enough about stocks. A friend of mine has quite a decent portfolio and recons on about 10% return. Is this what people earn from stocks on average?
What is your investing goal?
Getting rich quick? Picking the best stocks and mutual funds that are going to beat the market?
I always recommend the ones that don't go down in value.
You do sound like you're ready, and you've come to the right place for reliable advice and answers to your financial questions, that's for sure.
Sarcasm? Can't really tell.
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Slow and steady, stock that doesn't go down in value (a lot). The opposite of Facebook.
Then go to Vanguard.com, purchase a total stock market index fund and start an IRA, invest 5500 every year in it.
If you have more to invest, do the same, but in a non-tax deferred account.
Set up auto investing if you can, and then never look at it again.
Might as well start a Roth IRA while he can. Pay tax up front on the deposits; all gains are tax free.
Edit: Of course, I am in no way giving tax advice.
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Might as well start a Roth IRA while he can. Pay tax up front on the deposits; all gains are tax free.
Edit: Of course, I am in no way giving tax advice.
Yeah that's what I'm saying, but you have to consider there is a max contribution every year, but if you're willing to go over that, I say follow the same strategy, but invest it in a low cost index fund as well.
If you're really serious about investing, buy The little red book of common sense investing, and start there.
If you want to sit around and hand pick stocks as your strategy, I think you're playing a losing hand.
Also, consider I have nothing to gain from what I say to you.